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RT by @mikenov: RT by @mikenov: Step by Step, Russia Is Reducing Western Influence Russian President Vladimir Putin has signed a presidential decree authorizing Softex LLC to acquire the Russian assets of Western Union. This move goes beyond a simple commercial acquisition. It represents the transfer of financial assets owned by an American company into the hands of a Russian firm. The importance of the transaction lies in strengthening domestic control over financial infrastructure and money transfer services, while reducing the direct presence of Western companies in strategic sectors of the Russian economy. It also aligns with Russia’s broader efforts to localize key services and restruct

Step by Step, Russia Is Reducing Western Influence

Russian President Vladimir Putin has signed a presidential decree authorizing Softex LLC to acquire the Russian assets of Western Union.

This move goes beyond a simple commercial acquisition.

It represents the transfer of financial assets owned by an American company into the hands of a Russian firm.

The importance of the transaction lies in strengthening domestic control over financial infrastructure and money transfer services, while reducing the direct presence of Western companies in strategic sectors of the Russian economy.

It also aligns with Russia’s broader efforts to localize key services and restructure markets away from Western dependence.