Announcement
22 May 2024
In May 2024, the president of Russia authorised American Express's "voluntary liquidation". Under Decree No. 520 adopted in August 2022, all transactions related to certain firms in Russian energy and financial sectors and involving nvestors from 'unfriendly' countries require presidential approval.
Source
Sign in to access
Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
2 in force
Implementation date
22 May 2024
Revocation date:
No revocation date
FDI: Treatment and operations, nes
In force
On 22 May 2024, the president of Russia issued Decree No. 151-rp, authorising American Express's "voluntary liquidation" of its Russian business (American Express Bank LLC). The decree specifies that ...
Sign in to see more
Controls on commercial transactions and investment instruments
In force
On 22 May 2024, the president of Russia issued Decree No. 151-rp, authorising transactions withe the capital of American Express's Russian subsidiary. Specifically, the decree authorises the "voluntar...
Sign in to see more
Related State Acts
28 Sep 2023
Russia: President of Russia authorises Intesa's divestment from Russia
15 Nov 2023
Russia: President signs a decree allowing the transactions with USM
23 Nov 2023
Russia: President signs a decree allowing the transactions related to JSC "Russian Coal"
27 Nov 2023
Russia: President of Russia authorises transactions with “PSK - New decisions”
02 Feb 2024
Russia: President authorises certain foreign investors' transactions related to Russneft JSC
05 Feb 2024
Russia: President authorises the purchase of Grundfos Holding's subsidiary by a Russian company
19 Feb 2024
Russia: President authorises the acquisition of Russian HSBC subsidiary by a local bank
15 Feb 2024
Russia: President authorises certain foreign investors' transactions related to Renaissance Insurance Group and Ozon Holdings Plc
14 Feb 2024
Russia: President authorises certain foreign investors' transactions related to Yandex Bank
20 Feb 2024
Russia: President authorises certain foreign investors' transactions related to Polymetal JSC and Taseevskoye LLC
19 Mar 2024
Russia: President authorises certain foreign investors' transactions related to Highland Gold
11 Mar 2024
Russia: President authorises the sale of Poligon-Technogen to Norilsk Nickel
19 Mar 2024
Russia: President authorises transactions related to Ermakovskoye LLC
03 Apr 2024
Russia: President authorises transactions with foreign-held shares in Geo Saha LLC
07 May 2024
Russia: President authorises the sale of shares by Gazprom Neft International SA to LLC Gratal
07 May 2024
Russia: President authorises the sale of BASF's Russian subsidiary to Lakra Sintez
20 May 2024
Russia: President authorises Promazot to engage in transactions related to the capital of Minudobreniya JSC
29 May 2024
Russia: President authorises the sale of Nokia Solutions and Networks Oy's share in a Russian company
22 May 2024
Russia: President authorises American Express's "voluntary liquidation"
03 Oct 2024
Russia: President authorises the sale of Eurasia Drilling Company's share in a Russian company
14 Jun 2024
Russia: President authorises the sale of Coeclerici Group's shares in a Russian coal mining company
25 Oct 2024
Russia: President authorises the sale of Fraport AG Frankfurt Airport Services Worldwide's share in the Russian holding company of the Pulkovo airport managing company
14 Nov 2024
Russia: President authorises the sale of TGV Investment Co Ltd's share in the Russian medical centre
28 Nov 2024
Russia: President authorises the sale of RUSELCO LLP's share in Russian Elevator Company LLC
20 Dec 2024
Russia: President authorises the sale of Natixis's share in Natixis Bank JSC
31 Jan 2025
Russia: President authorises the sale of Goldman Sachs Group Inc's share in its Russian subsidiary Goldman Sachs Bank LLC
Threads
See all
This state act is not part of any Thread yet.