Putin instructs American Express bank to liquidate : Analysis

Russian President Vladimir Putin has granted American Express bank the right to voluntarily liquidate its business in Russia, according to a document published on Wednesday. The order did not specify the details of the liquidation process. This decision follows a decree signed by Putin in August 2022 regarding special economic measures in the financial and energy sectors due to the unfriendly actions of foreign states and international organizations. In October 2022, Putin approved a list of 45 foreign-owned credit institutions, including American Express, for which transactions in shares or share capital were banned without presidential permission. American Express suspended operations in Russia and Belarus in March 2022 amid Western sanctions over the Ukraine conflict. Following this, globally issued AmEx cards no longer work in Russia, and locally issued cards in Russia don’t work on the American Express global network. American Express had been operating in Russia since 2008, as part of the American Express Global Corporate Payments division.

Analysis:
The article reports that Russian President Vladimir Putin has granted American Express bank the right to voluntarily liquidate its business in Russia. The source of the information is a document published on Wednesday. This decision is in line with a decree signed by Putin in August 2022 concerning special economic measures in response to the actions of foreign states and organizations. The article mentions that in October 2022, Putin approved a list of 45 foreign-owned credit institutions, including American Express, for which transactions in shares or share capital required presidential permission.

The information provided seems credible as it cites official documents and dates. However, the article does not delve into the specifics of American Express’ operations in Russia or the reasons behind Putin’s decision, leaving room for interpretation and potential bias. The mentioning of the Ukraine conflict and Western sanctions without further context could lead to a particular narrative being emphasized.

Considering the current political landscape and the prevalence of misinformation, the public’s perception of this information may be influenced by existing biases and geopolitical tensions. The lack of comprehensive details in the article could contribute to a simplified or skewed understanding of the situation, especially when considering the complex dynamics of international relations. As such, readers should be cautious and seek multiple sources to gain a more nuanced perspective on the topic.

Source: RT news: Putin orders American Express bank to liquidate