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Putin Allows Sanctioned Expobank to Buy HSBC’s Russian Unit.
Russian President Vladimir Putin has approved the sale of HSBC's Russian unit to local lender Expobank, owned by Russian entrepreneur Igor Kim.
The deal, which had been under negotiation since June 2022, faces potential challenges due to Expobank being sanctioned by the United States in December.
This approval allows HSBC to fully exit the Russian market following months of negotiations.
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Putin permite al sancionado Expobank comprar la unidad rusa de HSBC.