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flag Russia's Central Bank revokes American Express Bank's license for liquidation during the Ukraine war.

flag Russia's Central Bank revokes American Express Bank's license after the US lender opted for liquidation in the country, ranking 300th among Russia's largest banks by assets. flag American Express suspended operations in Russia and blocked Russian banks from its payment networks in response to the 2022 invasion of Ukraine. flag President Vladimir Putin granted permission for the liquidation in May, as Western companies face regulatory challenges exiting Russia during the ongoing war.

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