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

Putin


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. /IANS




Related

People's wrath will reflect in Lok Sabha polls: Goa Congress
Panaji, Sep 14 : Calling the defection of its eight MLAs to the BJP as the murder of democracy, the Congress unit in Goa on Wednesday said that the wr

Former Andhra minister gets anticipatory bail in Amaravati land case
Amaravati, Sep 14 : The Andhra Pradesh High Court on Wednesday granted anticipatory bail to former minister Ponguru Narayana in a case relating allege

Delhi HC gives more time for govt response on plea for Aadhaar-property linking
New Delhi, Sep 14 : The Delhi High Court on Wednesday granted four more weeks to the Delhi government and the Home Ministry to clear their stand on a