Putin allowed businesses to ignore the votes of shareholders from unfriendly countries
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Russian President Vladimir Putin allowed large Russian joint-stock companies in the field of energy, engineering, trade not to take into account the votes of shareholders from unfriendly countries when making decisions. Decree signed by the head of state published on the portal of legal information.
This measure is temporary. The Decree comes into force from the day of its official publication, its validity will last until December 31, 2023.
According to the document, Russian companies that fall under the terms of the decree can now make decisions by a majority vote of the total number of votes of shareholders who are not persons from hostile states. It is noted that such a decision was made in connection with the sanctions and unfriendly actions of the United States and “foreign states that joined them.”
We are talking about companies in the field of energy, engineering, trade. According to the document, sanctions should be imposed against their owners or beneficiaries, while the share of foreign participation in the company should not exceed 50%. Another criterion is the volume of revenue for the past year of at least 100 billion rubles.
Against the backdrop of the start of a special operation in Russia, Ukraine, the EU, the USA, Canada, Great Britain and a number of other countries imposed large-scale sanctions against the Russian Federation, which affected many sectors of the economy. In particular, the restrictions affected the energy sector, the high-tech sector, aviation, the banking industry, the mining industry, the automotive industry, etc.
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