Russia bans 'unfriendly' foreigners from owning firms4 Aug 2023 19:02
Reported on Sky; "President Putin has signed new laws allowing certain major Russian companies and banks to ban people from "unfriendly" countries from holding stakes.
State media said the government would draw up a list of Russian firms to be covered by the law, including "systemically important" banks and firms that are above a certain threshold for employee numbers, revenue, taxes and assets.
It's not yet clear exactly which countries will be officially classed "unfriendly" - but it's safe to say they will be countries that have imposed sanctions on Russia.
The law would mean investors from those countries could have their rights to own shares suspended, with those shares being distributed proportionally among Russian owners.