Russia’s Qiwi Posts Record 2022 Profit as ‘Sanctions Beneficiary’
Russian payment services provider Qiwi posted an all-time record profit in 2022 as Russians found themselves cut off from cross-border transactions and other payment services due to the war in Ukraine, the Vedomosti business daily reported Monday. Qiwi’s net revenue last year totaled 34.137 billion rubles ($436.5 million), up from 23.113 billion rubles ($295.5 million) in 2021.…
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