Putin instructed to approve the list of companies that left Russia
Russian President Vladimir Putin has instructed to approve by May 15 a list of companies from unfriendly countries that have ceased operations in the Russian Federation in 2022. The order was given following the results of the plenary session of the Congress of the Russian Union of Industrialists and Entrepreneurs (RSPP) and published on the Kremlin's website.
"To approve and permanently update the list of persons from unfriendly foreign countries who, after February 22, 2022, stopped (reduced) business activities on the territory of the Russian Federation," the list of instructions posted on April 18 says.
In addition, the instruction notes that this list will include information on the conditions for the termination or reduction of the activities of entrepreneurs, as well as on shareholders and beneficial owners.
The head of state appointed Russian Prime Minister Mikhail Mishustin as responsible for the execution of this order. The first report on the implementation of this work should be submitted on May 15, and then quarterly.
The head of state also instructed to establish the specifics of the exercise by foreign investors of "the right to repurchase shares of business companies alienated by them after February 22, 2022 on non-market terms" in order to protect the rights and interests of Russians. This task should be completed by May 15th.
Earlier, on April 17, the Financial Times (FT) newspaper reported that Western companies intending to leave the Russian market have changed their plans so far. The reason was the expectation of further development of relations between Russia and the United States.
On March 18, Putin ordered the development of rules for the return of Western companies to Russia. In his speech, he noted that firms that want to return should offer competitive conditions.
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