Putin until the end of the year banned transactions with shares of foreigners in strategic companies of the Russian Federation

President of the Russian Federation Vladimir Putin signed a decree on the application of special economic measures in the financial and fuel and energy sectors in connection with the unfriendly actions of certain foreign states and international organizations. The document was published on Friday on the official portal of legal information.

It also prohibits a number of transactions until December 31, 2022, relating to the participation of foreigners from unfriendly countries in Russian companies. The restriction applies to transactions with securities constituting the authorized capital of such organizations, as well as rights and obligations, shares, contracts on the basis of which investment projects are implemented in the Russian Federation.

The ban also includes transactions with shares of companies strategic for the Russian Federation and Russian banks, as well as with shares, rights and obligations in the Sakhalin-1 oil and gas project.

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