A special recording procedure for certain securities will be in effect until the end of 2025
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19.08.2022
RUSSIA HAS LIMITED THE EXIT OF LARGE FOREIGN INVESTORS FROM MINING AND ENERGY PROJECTS
Until the end of 2022, the President banned transactions with shares, stakes (contributions), rights and liabilities under production sharing agreements, joint venture agreements, agreements under which investment projects are implemented in Russia if securities, shares (contributions), rights and liabilities are owned by foreign persons related to the foreign states taking unfriendly actions or the persons controlled by said foreign persons. The prohibition shall be applicable to transactions in relation to:
- strategic joint stock companies and companies controlled by them;
- the Sakhalin-1 project and the Kharyaginskoye field;
- manufacturers of equipment for organisations of the fuel and energy complex, heat and power industry, oil refineries;
- Russian credit institutions, the list of which will be determined;
- some individual subsoil users.
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