The government has withdrawn the right to manage Pulkovo Airport from foreign companies
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The Russian government has withdrawn the right to manage Pulkovo Airport from foreign companies, and President Putin has signed a corresponding decree, RIA Novosti reports, citing the text of the published document.
According to the signed decree, all 100% of the shares of the Cyprus company Thalita Trading Limited in the authorized capital of Pulkovo will be transferred to VVSS Holding. The authorized capital of VVSS Holding will amount to 169 billion rubles.
The message says that this measure is being carried out within the framework of contracts, and the transfer of the asset will be carried out in the manner and under the conditions determined by the Cabinet of Ministers.
In addition, the voting rights of foreign companies with a stake in Pulkovo will be transferred on a temporary basis to the companies “Advanced Industrial and Infrastructure Technologies-7” and “Air Gate of the Northern Capital”.
The decision was justified by the need to protect Russia’s national interests, as well as ensure the country’s economic security under the sanctions regime.
At the same time, the decree allows for the possibility of restoring one’s rights, the statement says.
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