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

by IANS |

Moscow, Aug 6 (IANS) 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.

Latest News
'Politics of hate to hide failures': KCR hits out at Centre Mon, Aug 15, 2022, 04:49 PM
Sundar Pichai wishes India on I-Day with Google Doodle Mon, Aug 15, 2022, 03:50 PM
Marcus Stoinis faces flak for accusing Pakistan pacer Mohammad Hasnain of chucking Mon, Aug 15, 2022, 03:41 PM
UP now most preferred investment destination: Yogi Mon, Aug 15, 2022, 03:28 PM
TRS leader's murder triggers tension in T'gana's Khammam Mon, Aug 15, 2022, 03:26 PM
20 lakh jobs for Bihar youth: Nitish's I-Day announcement Mon, Aug 15, 2022, 03:23 PM
Leading cricketers wish countrymen Happy Independence Day Mon, Aug 15, 2022, 01:59 PM
2 AR troopers injured in Nagaland gunfight Mon, Aug 15, 2022, 01:50 PM
Fresh threats to Mukesh Ambani family, Mumbai cops probing Mon, Aug 15, 2022, 01:42 PM
Stoppage-time Harry Kane header earns Tottenham point at Chelsea as both managers red-carded Mon, Aug 15, 2022, 12:01 PM
Cricket Australia launches five-year strategic plan to take sport to next level Mon, Aug 15, 2022, 11:59 AM
Tesla surpasses 3 mn car production mark: Elon Musk Mon, Aug 15, 2022, 11:58 AM
Wait for 5G is over, India's 'Techade' is here: PM Modi Mon, Aug 15, 2022, 11:56 AM
Hyundai ranks 3rd in global vehicle sales in 2022 1st half Mon, Aug 15, 2022, 11:55 AM
UP to increase medicinal farming output Mon, Aug 15, 2022, 11:54 AM