"Softex" may buy a "daughter" of Western Union

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AK&M 28 September 2026 20:25

""Russian President Vladimir Putin signed an order "On a special decision on the transaction of SOFTEX LLC." The document is published on the Kremlin's website.

""The document authorizes the purchase of 100% of LLC "Non-bank Credit Organization "Western Union DP Vostok"", owned by Western Union Financial Services Eastern Europe LLC.

Western Union is an American company specializing in international money transfers. It was founded in 1851 with the aim of uniting disparate telegraph companies in the USA. The company suspended operations in Russia and Belarus in 2022.

The net loss of the NGO "Western Union DP Vostok" in 2025 amounted to 301.5 million rubles.

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