Putin allowed VK to acquire Dengi.Mail.Ru

MOSCOW, Feb 17 – PRIME. Russian President Vladimir Putin signed a decree according to which VK Company LLC (VK) is allowed to acquire 100% of the non-banking credit organization Dengi.Mail.Ru, the document was published on the official Internet portal of legal information.

In accordance with paragraph 5 of the Decree of the President of the Russian Federation dated August 5, 2022 No. 520 … to allow the limited liability company VK Company to complete a transaction to acquire 100 percent of the shares in the authorized capital of the settlement non-banking credit organization Dengi.Mail.Ru, owned by Pi .J.V. DIGITAL FORCES LTD (PJV DIGITAL FORCES LTD),” the document says.

In October, Putin approved a list of 45 credit institutions for which transactions with shares of unfriendly non-residents are prohibited without special permission. “Money.Mail.Ru” is included in this list.

LLC “Dengi.Mail.ru” Settlement non-banking credit organization registered by the Bank of Russia in 2012. The organization has a Central Bank license to open and maintain bank accounts of legal entities, transfer funds on behalf of legal entities, including correspondent banks, through their bank accounts, buy and sell foreign currency in a non-cash form and make money transfers without opening bank accounts. accounts, including electronic money (except for postal orders).