Russian President Vladimir Putin has extended by one year the ban on foreign investors selling shares in large Russian companies, a measure that largely affects companies in Russia’s banking and energy sectors.
The decree, signed in August and extended on Monday, extends the end date from December 31, 2022 to December 31, 2023, Interfax news agency reported.
Specifically, the measure expressly prohibits non-residents of «countries hostile to Russia» from withdrawing from a number of assets, except with special permission from the Russian president.
The ban applies to strategic enterprises such as energy companies, banks with foreign participation, service and production of equipment in the fuel and energy sector, as well as the real estate sector and the mining of metals such as gold, nickel or diamonds.
