RE: Barclays5 Aug 2022 17:09
ReutersReuters
Russia bans Western investors from selling banking, key energy stakes
Fri, 5 August 2022 at 1:22 pm
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine)
MOSCOW (Reuters) - Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the year, stepping up pressure in the sanctions stand-off with the West.
Western countries and allies, including Japan, have piled financial restrictions on Russia since it sent troops into Ukraine in late February. Moscow retaliated with obstacles for Western businesses and their allies leaving Russia, and in some cases seized their assets.
The decree http://kremlin.ru/acts/news/69117, signed by President Vladimir Putin and published on Friday, immediately bans investors from countries which supported sanctions on Russia from selling their assets in production sharing agreements (PSA), banks, strategic entities, companies producing energy equipment, as well as in other projects, from oil and gas production to coal and nickel. WILL THIS AFFECT US.