Russian President Vladimir Putin prolonged a ban on making
transactions with stakes held by foreigners from unfriendly
nations in Russian strategic firms, banks and sure different
authorized entities till the tip of 2023, Trend experiences citing TASS.
The related government order posted on Monday amends the
presidential government order of August 5 on software of particular
measures within the finance and gasoline and vitality spheres in view of
unfriendly actions of sure overseas states and worldwide
organizations. The restrictions have been initially efficient till
December 31 of this yr and have now been renewed “till December
31, 2023,” as acknowledged within the doc.
The ban applies to any offers altering the possession construction in
Russian firms, their constitution capital and the prevailing
process of funding initiatives’ implementation. Restrictions
apply to transactions with shares of “unfriendly” traders within the
constitution capital of strategic firms, with shares of firms
that produce and repair gear for the gasoline and vitality advanced,
warmth and energy suppliers and oil refiners, to offers with shares of
Russian banks (within the checklist agreed by the Cabinet and the Central
Bank), and to offers with securities of firms creating main
fields. The ban on transactions with stakes of traders from
unfriendly states within the Sakhalin-1 oil and fuel mission and the
Kharyaga subject has a separate provision.
The President can authorize any transactions lined by
restrictions by a particular decision.