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Anti-Russian sanctions

Companies under sanctions may not elect Boards of Directors temporarily — Russian PM

Furthermore, it is planned to allow in certain cases to preserve powers of the board of directors without reelection

MOSCOW, May 31. /TASS/. The Russian Government suggests permitting national companies under international sanctions not to elect boards of directors, Prime Minister Mikhail Mishustin said on Tuesday.

"The proposal is to authorize companies hit by sanctions not to elect the board of directors. This is at present particularly pressing for public joint stock companies, where such management authority is compulsory. Compliance with this requirement can be challenging in current realities," the Prime Minister said.

Furthermore, it is planned to allow in certain cases to preserve powers of the board of directors without reelection, Mishustin said. "For example, when its headcount becomes less than the minimal figure set forth by law," he noted.

Tags

Sanctions vs. Russia

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Izvestia correspondent Semyon Eremin killed in special operation zone

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

US-led coalition’s aircraft violate Syrian airspace 13 times in past day

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American Abrams tanks vulnerable even to Soviet-era weapons, says expert

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Swiss parliament votes against joining task force on frozen Russian assets

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Russia knows French military instructors working in Ukraine — Lavrov

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World’s anti-doping agency WADA still waits for Russia’s 2023 financial contribution

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One crew member of jet crashed in Stavropol Region killed, search for another continues

According to the Russian Defense Ministry, an Aerospace Forces’ Tu-22M3 bomber crashed after completing a combat mission while returning to the airfield

Switzerland does not suit Russia for negotiations on Ukraine — Lavrov

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Polish premier refuses to hand over his country’s Patriot systems to Ukraine

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Security guarantees on Ukraine did not apply to Crimea, Donbass — Lavrov

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Lavrov says Borrell let it slip that Europe ‘fighting against Russia’

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G7 leaders to decide on Russian assets use — Italian Deputy PM

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Russian defense chief checks implementation of orders to develop drones

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Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

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North Korea conducts new anti-aircraft missile test — KCNA

A power test of a super-large warhead designed for "Hwasal-1 Ra-3" strategic cruise missile was held as well

Drones downed over Isfahan cause no damage, says Iranian foreign minister

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Russia ready for Ukraine talks, but not with Zelensky — Lavrov

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