Qiwi Bank, deprived of its license and represented by the temporary administration, filed a lawsuit in the Moscow Arbitration Court demanding to invalidate the sale and purchase agreement for the shares of Qiwi JSC, as well as the pledge agreement and encumbrances in respect of these shares. Qiwi sold the Russian assets consolidated under Qiwi JSC, including Qiwi Bank, to Fusion Factor Fintech Limited, a Hong Kong company owned by Andrey Protopopov, the former head of Qiwi plc, in late January 2024.