Putin extended the ban on transactions with the shares of “unfriendly” foreigners in a number of areas

Russian President Vladimir Putin extended until the end of 2023 a ban on transactions with shares of foreigners from unfriendly countries, in particular, in the country’s strategic companies. The corresponding decree was published today.

We are talking about transactions that directly or indirectly entail a change in the rights of ownership, use or disposal of securities, shares in the authorized capital of Russian legal entities, rights and obligations in production sharing agreements, joint venture agreements or other documents on the basis of which investment projects are implemented. in Russia. According to the text of the decree, its validity can be extended an unlimited number of times.

At the end of October, Putin also approved a list of 45 banks in respect of which transactions with their shares or shares in the authorized capital are prohibited. The corresponding order is published on the portal of legal information. The list includes two systemically important Raiffeisenbank, Unicredit Bank,Deutsche bank”, Commerzbank, Citibank, OTP Bank, Intesa Bank, as well as banks of leaders in the IT and e-commerce sectors (“Yandex”, VK, Ozon).

Transactions made in violation of the decree are considered null and void, and their owners are deprived of the rights to their shares, the document said. At the same time, operations can be removed from the ban on the basis of a special decision of the president.

Subscribe on “Vedomosti” in Telegram and stay up to date with the main news of the economy and business