Tinkov announced the recall of the Tinkoff brand from a Russian bank

Entrepreneur Oleg Tinkov

Entrepreneur Oleg Tinkov

©Tinkoff Bank / Wikimedia Commons

Entrepreneur and ex-owner of Tinkoff Bank Oleg Tinkov said that he had initiated the process of recalling the Tinkoff brand from a Russian bank. He announced this on Tuesday, November 1, on his Instagram page (banned in the Russian Federation; owned by Meta, recognized as extremist in the Russian Federation).

“I am starting the process of recalling my Tinkoff brand from the bank,” the businessman wrote. Tinkov also pointed to the “mysterious” disappearance of his publication about the renunciation of Russian citizenship.

The day before, the former banker said that decided to renounce Russian citizenship. As evidence, he attached a photo of the certificate of renunciation of citizenship dated October 26. However, on Tuesday, the publication disappeared “mysteriously.”

At the end of March 2022, the founder of TCS Group, the parent structure of Tinkoff Bank, Oleg Tinkov was included in the UK sanctions list. After that, the family trusts associated with him, as a result of a series of transactions, got rid of their stake in the company, and the Interros group of Vladimir Potanin became the holder of approximately 35.08% of the shares.

In addition, the entrepreneur said that he would take his Tinkoff and La Datcha brands from Russia.

Instagram – an individual or organization recognized as extremist and banned in Russia;
Meta – an individual or organization recognized as extremist and banned in Russia;

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