Russian President Vladimir Putin today by decree until the end of the year banned investors from countries “unfriendly” to Russia from any kind of operations with their holdings in strategic companies, in particular, in the country’s energy and banking sectors.
The decree stipulates that the ban, both for legal and natural persons, extends to all strategic companies, joint stock companies and their subsidiaries, as well as the Sakhalin gas and Jaryaga oil projects, in the Far East and Northwest Siberia, respectively. .
The presidential ruling also affects transactions with the stakes of users of all large deposits of oil, gas and coal, as well as uranium, quartz, nickel, cobalt, tantalum, niobium, beryllium, copper, diamond, gold, lithium and platinum. .
In addition, Putin ordered the government and the Central Bank of Russia to prepare a list within ten days of companies and banks whose operations with shares of investors from unfriendly countries will be prohibited.
The document states that “the operations prohibited by this decree can be carried out with the special permission of the President of the Russian Federation.”
The list of countries “not friendly” with Russia drawn up by the Russian government includes 49 countries, including all member states of the European Union, the United States, the United Kingdom, Canada, Switzerland, Norway, Japan and Australia.
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