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Putin extends ban on deals with stakes of 'unfriendly' foreigners until end of 2025

The ban covers transactions changing the ownership structure in Russian companies, their authorized capital and the established procedure of investment projects implementation

MOSCOW, December 18. /TASS/. Russian President Vladimir Putin extended the ban on making transactions with participation interests of foreigners from unfriendly states in strategic Russian companies, certain banks and other businesses until the end of 2025.

The relevant decree was posted on Monday. Transactions are possible only subject to a special authorization from the Russian President.

The ban covers transactions changing the ownership structure in Russian companies, their authorized capital and the established procedure of investment projects implementation. Restrictions apply to transactions with shares of "unfriendly" investors in authorized capital of strategic plants and companies and with participation interests in manufacturers of equipment for the fuel and energy sector, heat and power suppliers, Russian banks, and subsoil users.

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