MOSCOW, February 26. /TASS/. TCS Group (the parent structure of Tinkoff Bank) registered in the special administrative region on Russia’s Russky Island in the Primorye Region, according to the website of the Far East Development Corporation.

"On February 26, 2024, TCS Holding became the 70th company registered in the special administrative region on Russky Island. On January 15, 2024, the shareholders of the Cypriot TCS Group Holding Plc decided to redomicile to Russia," the statement said.

According to Far East Development Corporation, 70 companies are already operating in the special administrative region on Russky Island with assets of more than 5.5 trillion rubles ($596.22 bln).