KTFA: Samson: Russia bans the trading of its companies’ shares to citizens and investors of “unfriendly countries”
5th August, 2022
Russian President Vladimir Putin signed today, Friday, a decree banning the trading of shares of Russian companies to citizens and investors of “unfriendly countries” until the end of this year.
The decision includes preventing investors from “unfriendly countries” from buying shares and investing in strategic and affiliated companies, in addition to the “Sakhalin 1” project and the “Kharajinskoye” energy field, according to the Middle East News Agency.
The decree includes drilling and underground extraction companies, in addition to companies serving the Russian fuel and energy complex and Russian banks.
Putin gave the Russian Cabinet 10 days to prepare a list of Russian companies, banks and transactions, in which the use of shares by foreigners from unfriendly countries is prohibited.
On June 30, the Russian president signed a decree on the “Sakhalin-2” project, in which “Gazprom Sakhalin Holding” will receive shares in the authorized capital of the operator. LINK