Asset sale of foreign banks, creation of list as presidential permission condition = Russian Vice Minister of Finance | Reuters

Russia’s Deputy Finance Minister Moiseyev said on Monday that authorities had drawn up a list of foreign banks that would only be allowed to sell domestic assets if President Vladimir Putin gave them permission. Taken at the International Forum in Moscow, August 2018. (2022 REUTERS/Maxim Shemetov)

KAZAN (Russia, June 22) – Russian authorities have drawn up a list of foreign banks that will only be allowed to sell domestic assets if President Vladimir Putin gives them permission, Moiseyev said on Monday.

The list was compiled by the Ministry of Finance and the Central Bank of Russia, Moiseyev said at an industry meeting in Kazan.

British bank HSBC announced in June that it had agreed to sell its Russian business to Expobank. However, he said the Treasury ministry had not received any information from Expobank regarding foreign banks’ requests to buy Russian assets.