This was reported by TASS with reference to a letter from the bank, which was sent to customers in profile chats.

“We regret to inform you that Saxo Bank will be forced to exercise its right to cease doing business with you from June 6, 2022, in accordance with our general terms of business,” the letter reads.

It is specified that from April 8, Russian clients will not be able to open new positions or increase their size.

Earlier, the Danish company Danfoss announced its intention to leave the Russian and Belarusian markets.

Chairman of the Board of the Association of Retail Market Experts Andrey Karpov, in an interview with NSN, spoke about the departure of a number of foreign brands from Russia.