Putin Authorizes U.S. Hedge Fund to Acquire Russian Securities from Foreign Stakeholders

Reported about 18 hours ago

Russian President Vladimir Putin has authorized the U.S. hedge fund 683 Capital Partners to purchase securities from Russian companies owned by foreign stakeholders and allowed two Russian firms to buy these securities without additional approval. This decree comes amid increasing restrictions on foreign asset sales due to the conflict in Ukraine, where international sanctions have limited Russian investors' access to foreign-held securities.

Source: YAHOO

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