Qiwi expects to recognize a loss of ₽22.7 billion in 2024 on the sale of its Russian business. Company has already recognized an impairment of ₽14.4 billion on the divested assets. Following the sale of the Russian assets, Qiwi intends to focus on developing its payment and financial services business in Kazakhstan, including kiosk payment acceptance, bulk payments, internet acquiring, payment gateways and digital wallets, as well as its payment processing business in the growing UAE region.