World

Putin signs law on barring ‘unfriendly’ foreigners from owning stakes in Russian firms

Russian President Vladimir Putin has signed a regulation permitting for international buyers from “unfriendly” international locations to be barred from holding stakes in main Russian firms and banks, state information company RIA stated on Friday.

It stated the federal government would draw up a listing of Russian corporations to be coated by the regulation, together with all systemically essential banks and corporations above a sure dimension by way of income, staff, property or taxes paid.

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