City
Epaper

Putin bans 'unfriendly' investors from making transactions in strategic enterprises, projects

By IANS | Updated: August 6, 2022 12:35 IST

Moscow, Aug 6 Russian President Vladimir Putin signed a decree banning "unfriendly" investors from making transactions with their ...

Open in App

Moscow, Aug 6 Russian President Vladimir Putin signed a decree banning "unfriendly" investors from making transactions with their shares in strategic Russian enterprises and projects until the end of the year.

The decree, published on the country's official portal for legal information, prohibits foreigners associated with "unfriendly countries" to carry out any kind of transactions with their shares and assets in strategic Russian enterprises and banks until December 31, reports Xinhua news agency.

According to the decree, foreign investors are banned from carrying out transactions with shares in the Sakhalin-1 oil and gas project, and the Kharyaginskoye oil field project.

The Russian President has ordered the Central Bank and the government to compile a list of all banks, which would fall under the decree, within 10 days.

As an exception, certain transactions will be allowed only if this will be permitted by Putin, and the decree can be prolonged after its expiration date.

"The measures will be taken to protect Russia's national interests, and in response to the hostile actions of the US and other foreign countries and organisations," according to the decree.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: RussiaVladimir PutinXinhuaMoscowCentral BankRussian parliamentPakistan russiaVladimir vladimirovich putinMoskvaRus
Open in App

Related Stories

MaharashtraMaharashtra-Russia to Jointly Develop Thorium Reactors

NationalVladimir Putin Accepts PM Modi’s Invitation To Visit India Preparations Underway, Says Russian FM Sergey Lavrov

InternationalRussia-Ukraine War: 60 Ukrainian Drones Shot Down Over Moscow in Largest Drone Attack

InternationalDonald Trump Pauses Military Aid To Ukraine Days After Clash With Volodymyr Zelensky

InternationalVolodymyr Zelenskyy Rejects Calls for Immediate Ukraine-Russia Ceasefire, Says 'Failure for Everyone'

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support