It has become known what decision was made by the management of the Russian subsidiary of American Express.
The corporation announced that it was going to liquidate its subsidiary that operated in Russia.
This was reported by the TASS agency with reference to information posted in the SPARK database.
There is information about the beginning of the company's liquidation procedure, the agency confirmed the information received earlier.
It is still unknown when exactly the Russian branch of American Express will be completely liquidated.
It is noted that Vladimir Putin signed the corresponding permit back in May 2024.
At the same time, back in 2022, the Russian President decreed that financial organizations from unfriendly countries cannot be sold without special permission for such a step.
The list of banks subject to this restriction included American Express.
Earlier it was reported that Volodin threatened the West with a harsh response for the theft of frozen Russian assets.
