Russian President Vladimir Putin has signed a decree that will temporarily block foreign investors from selling off their Russian assets. cheyenneligon reports.
Russian President Vladimir Putin has
signed a decree that will temporarily prevent foreign investors in Russia from selling their assets and withdrawing funds from the country in excess of $10,000.the ban during a governmental meeting on Tuesday. The move is aimed at halting capital flight from the country, which has been hit with increasingly harsh economic sanctions from the U.S. and Europe after it invaded Ukraine on Feb. 24. A growing list of Western companies,Mishustin said that the ban would give foreign investors a “chance to make a considered decision” before selling off their Russian assets.
“In the current sanction situation, foreign entrepreneurs are forced to be guided not by economic factors, but to make decisions under political pressure,”
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