MOSCOW, May 22. Russian President Vladimir Putin allowed American Express Bank to carry out voluntary liquidation measures, follows from the order of the head of state.
The measures will be carried out in in accordance with Presidential Decree No. 520 dated August 5, 2022.
American Express Bank has been doing business in Russia for 16 years, as a division of American Express Global Corporate Payments.
In October 2022, Putin, by decree, approved a list of 45 credit institutions with shares and shares in the authorized capital of which transactions without special permission are prohibited. American Express Bank was also included in this list.