Advertisement
UK markets closed

  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     

  • FTSE 250

    20,120.36
    -75.59 (-0.37%)
     

  • AIM

    776.04
    -4.39 (-0.56%)
     

  • GBP/EUR

    1.1845
    -0.0034 (-0.29%)
     

  • GBP/USD

    1.2686
    -0.0075 (-0.59%)
     

  • Bitcoin GBP

    52,179.34
    +509.02 (+0.99%)
     

  • CMC Crypto 200

    1,404.08
    -13.79 (-0.97%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • DOW

    38,589.16
    -57.94 (-0.15%)
     

  • CRUDE OIL

    78.49
    -0.13 (-0.17%)
     

  • GOLD FUTURES

    2,348.40
    +30.40 (+1.31%)
     

  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     

  • HANG SENG

    17,941.78
    -170.85 (-0.94%)
     

  • DAX

    18,002.02
    -263.66 (-1.44%)
     

  • CAC 40

    7,503.27
    -204.75 (-2.66%)
     
Brands:

How I founded Britain's most respected removals firm

'Doing removals defines you for the rest of your working life'

Putin approves closure of American Express Russian business

Reuters
·1-min read

MOSCOW (Reuters) - Russian President Vladimir Putin has granted American Express Co the right to "voluntary liquidate" its Russian business, according to a decree published on the official website.

It is not specified in the decree how and when exactly the "liquidation" process will take place.

The future of American Express in Russia has been uncertain since March 2022, when the company suspended all operations in the country following other Western corporations in response to Moscow's invasion of Ukraine.

Moscow has steadily tightened restrictions on foreign assets, with banks requiring Putin's approval for any deal.

(Reporting by Reuters; Writing by Maxim Rodionov; Editing by Chris Reese)