Putin allowed the sale of the Russian daughter of Western Union to Softex
Russian President Vladimir Putin allowed Softex to buy a 100% stake in the Russian subsidiary Western Union (NGO Western Union DP Vostok). The decision was made “due to the unfriendly actions of some foreign states and international organizations,” the order says.
Russian President Vladimir Putin allowed Softex to buy a 100% stake in the Russian subsidiary Western Union (NGO Western Union DP Vostok). The decision was made “due to the unfriendly actions of some foreign states and international organizations,” the order says.
Western Union is an American money transfer company. The Russian legal entity of the payment system is included in the register of the Central Bank and was registered by it in March 1994. Its authorized capital is 42.9 million rubles.
As Kommersant wrote, the company accounted for about 40% of cross-border money transfers in Russia. In March 2022, Western Union announced the suspension of work in Russia.
