Announcement
19 Feb 2024
In February 2024, the President of Russia authorised the acquisition of Russian HSBC subsidiary by a local bank.
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Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
2 in force
Implementation date
19 Feb 2024
Revocation date:
No revocation date
Controls on commercial transactions and investment instruments
In force
On 19 February 2024, the President of Russia issued Order No. 53-rp, authorising the acquisition of 100% of shares in the capital of HSBC Bank (RR) LLC, a Russian subsidiary of HSBC, by Expobank, a pr...
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FDI: Treatment and operations, nes
In force
On 19 February 2024, the President of Russia issued Order No. 53-rp, authorising the acquisition of HSBC Bank (RR) LLC, a Russian subsidiary of HSBC, by Expobank, a privately owned Russian bank. The R...
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