President Putin signed a decree requiring Russian companies not to list abroad

The move is expected to hit Russian billionaires, who have been hit hard by Western sanctions as well as Russia’s capital controls to limit their ability to move money out. foreign.

As such, Russian billionaires who own foreign-listed companies will not be able to collect foreign currency dividends from custody certificates. Trading of certificates of custody on foreign exchanges must also stop in a few days, although the New York Stock Exchange, the London Stock Exchange and other leading international exchanges have closed. Russian stock exchange after the war in Ukraine broke out in February.

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