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Expobank acquires HSBC’s Russian subsidiary

HSBC Bank will continue operations under a new name

MOSCOW, May 29. /TASS/. Expobank has closed the deal on acquisition of the Russian subsidiary earlier owned by the HSBC international banking group, the Expobank’s press service said.

"Expobank successfully completed the deal and acquired 100% participation interests in HSBC (RR) from HSBC Europe B.V. Approvals of the Russian President in accordance with Decree No. 520 and the Central Bank of the Russian Federation were obtained," the Russian bank said.

HSBC Bank will continue operations under a new name. Renaming of the credit institution is expected within a month, a source in the financial market told TASS.

HSBC Bank is operating in Russia since 1996 and specializes in corporate lending. The US included Expobank into its SDN list in late December 2023.

Russia’s Economy Ministry expects inflation to decrease by year end

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Russian forces liberate three settlements in past week

Sixty-three Ukrainian soldiers surrendered to Russian forces in the past week

FBI seeking to interview Trump as part of assassination attempt investigation — TV

Earlier, FBI Director Christopher Wray said that "there’s some question about whether or not it’s a bullet or shrapnel that" caused Trump’s ear injury

Russian missile frigate Admiral Gorshkov arrives in Algeria on business call

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Russia’s Nebo-M radars can detect F-22, F-35 warplanes — developer

Nebo-M can detect aircraft and ballistic missiles at a distance of one thousand kilometers

YouTube speed drop caused by cessation of 'grey scheme' operations — senior lawmaker

Alexander Khinshteyn underscored that these measures are connected to the company’s own actions

Lithuania prepares mass evacuation plan for war case

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Number of Ukrainians with sober view of events to keep growing — Kremlin Spokesman

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The inflation forecast for this year has been raised to 6.5-7%

Russian airstrike hits assembly point of Ukrainian troops, equipment near Kupyansk

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Infrastructure facilities suffer damage in three Ukrainian regions

Power supplies to domestic and industrial users in some districts of the Zhitomir region were suspended

Beijing, Moscow preparing important visits for later this year — Chinese envoy

These efforts fully reflect the high level and special nature of China-Russia relations, Zhang Hanhui noted

Bank of Russia says to consider any ways to protect Russian investors’ interests

The European Commission banned the EU citizens and companies from participating in exchange of frozen assets with Russian investors earlier in July

Russia launches work to develop sixth-generation fighter jet

The new military aircraft will be able to develop hypersonic speed

US informs Iran of readiness to return to nuclear deal — newspaper

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German man sentenced to death in Belarus says he planned to enlist in Ukrainian military

Rico Krieger said Ukraine promised to pay him 2,000 euros a month

EC announces expropriation of first €1.5 bln worth of proceeds from Russian assets

The funds will not go directly to Kiev, they will be channeled to the EC, to the European Peace Facility, to compensate EU countries for weapons

Moscow to respond to EC’s expropriation of €1.5 bln worth of proceeds from Russian assets

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Ukrainian opposition demands parliament speaker's resignation over pro-Hitler remarks

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Russian firefighting gear accepted by Venezuelan oil company

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Lukoil becomes first Russian company with regional headquarters status in Shanghai

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Bank of Russia says scale of economic overheating in 1H largest over past 16 years

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One settlement flooded after Kialim water reservoir dam breach in Chelyabinsk Region

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Press review: Pentagon unveils new Arctic strategy and Russia, Iran rework strategic pact

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US, its allies getting dragged deeper into Ukraine conflict — Russian UN ambassador

Dozens of foreign servicemen on active service are dying in Ukraine, Vasily Nebenzya said

Ukraine’s Zelensky, Kuleba lie claiming readiness for talks — Russia’s OSCE envoy

According to Maxim Buyakevich, the Kiev regime’s steps have "nothing in common with efforts to resolve the conflict and achieve a lasting and just peace"

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An emergency situation regime has been declared in the city

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Indian naval ship arrives in St Petersburg

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The Obamas endorse Harris' nomination for US president

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Germany fails to meet obligations under Convention on Cluster Munitions, lawmaker says

Sevim Dagdelen also said that in response to her question about US cluster munitions, the German Foreign Ministry said that the federal government "does not have its own information on the matter"

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Nobody was injured

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Eight people were injured

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Zakhar Prilepin noted that "Kiev (the Ukrainian authorities - TASS) does not care about any possible peace talks"

External forces annoyed because Georgia won’t open ‘second front’ against Russia — PM

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Kiev exports Kharkov Region's factory capacities to western Ukraine — governor

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Russian money transfers to Uzbekistan reach $4.95 bln in 6 months

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German lawmaker Pellmann advises against further weapons’ supplies to Ukraine

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Russia does not see US elites through rose-colored glasses — Kremlin

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Indian prime minister may visit Ukraine in August — TV

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Israel demanded that its army be given control of the border between Gaza and Egypt, the sources said

Dam restoration after burst to start in the morning — Ministry of Emergencies

All the residents were evacuated

Russia's international reserves rise by $10 bln over week to $611.3 bln — Bank of Russia

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government

Ukraine blackmails countries seeking peace with oil transit — chief of Orban’s office

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Chersonesos should stand for Russian prosperity, Putin believes

The territory where modern Sevastopol is located was inhabited 2,500 years ago

Bank of Russia raises key rate from 16% to 18%, first time since December 2023

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Russia’s Obereg armor vest outshines US, Chinese rivals in tests

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NATO weapons to be hit in any country from where Russia may be attacked — Medvedev

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Humanitarian aid should be delivered to Gaza without delay — King of Jordan

Abdullah II called on the US to create "a political horizon to achieve just and lasting peace on the basis of the two-state solution"

Russian man found guilty of treason, sentenced to ten years in prison

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Russian tennis player Andreeva won first WTA title in career

She defeated her fellow countrywoman Elina Avanesyan

Staff at Paris hotel housing IOC officials go on strike

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Moscow open for talks, needs to understand how prepared Ukraine is — Kremlin

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Some spectators leave their seats before 2024 Olympics opening ceremony kicks off

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2016 World Nomad Games in Kyrgyzstan

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Finland claims Russian ship supposedly violated its territorial waters

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Press review: China mediates on Ukraine and forecasting foreign policy under Kamala Harris

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Olympic Games in Paris declared opened

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Russian snipers eliminate four Ukrainian soldiers from 1.8 km distance near Soledar

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Almost all Ukrainian troops leave positions in DPR’s Novosyolovka Pervaya

A mop-up operation is underway

Kharkov Region records arrival of numerous French mercenaries — official

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Russia hits Ukrainian Neo-Nazi formations near Kharkov — underground resistance

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Putin to attend Navy Day parade in St. Petersburg on July 28 — Kremlin spokesman

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