Putin approved the list of companies in the fuel and energy sector, transactions with foreign shares in which are prohibited
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President Vladimir Putin approved a list of 191 manufacturers of equipment and services for the fuel and energy complex (FEC), in which transactions with foreign shares become impossible. The ban is introduced as part of a presidential decree dated August 5, which limits until December 31, 2022 transactions with shares and shares of Russian strategic companies for investors from unfriendly countries.
“This order comes into force from the date of its signing,” reads the statement published today, November 9, document.
Among the 191 legal entities are Bashneftegeofizika JSC (Ufa), Baker Hughes JSC (Moscow), Naftagaz JSC (Moscow), BASF LLC (Moscow), Integra-Bureniye LLC (Tyumen), Sakhalin LLC Drilling Services (Yuzhno-Sakhalinsk), Service Center EPU LLC (Nefteyugansk), Siemens LLC (Moscow), Enel Green Power Rus LLC (Moscow), PJSC T Plus (Krasnogorsk), PJSC Enel Russia, Yekaterinburg).
Officially, who are unfriendly countries for Russia was first announced in mid-2021. Then the list included the United States and the Czech Republic. After the start of the military operation in Ukraine, all the G7 countries, the European Union, and Ukraine became unfriendly.
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