Decree of the President of the Russian Federation partially prohibits transactions with shares of citizens of unfriendly countries

Russian President Vladimir Putin banned until the end of this year any transactions with shares of foreigners from unfriendly countries in strategic institutions and companies involved in the extraction of natural resources.

The procedure will also affect a separate list of companies, which will be prepared for approval by the government and the Central Bank within 10 days, with shares of a number of fuel and energy companies and banks, and transactions with these shares will be possible only on the basis of special permission from the president.

On Friday, Putin signed a decree “on holding special economic measures in the financial and fuel and energy sectors in connection with the unfriendly measures of some foreign states and international organizations.” According to the decree, the ban is valid until the end of this year.

After Russia launched a special operation in Ukraine, Western countries imposed sanctions against Moscow, for its part, the Russian government reaffirmed its support for Russian national companies affected by the sanctions and announced a set of measures to maintain financial and economic stability in the country.

Source: RIA Novosti

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