The decree also indicates that a prior consent of the Bank of Russia will be needed if transactions are aimed at buying shares in authorized capitals of financial institutions
MOSCOW, February 26. /TASS/. The government commission on control over foreign investments in Russia will prepare motivated recommendations on feasibility of transactions requiring a special authorization by the head of state for President Vladimir Putin.
The relevant decree of the Russian President was posted on the official web portal of legal information.
The decree also indicates that a prior consent of the Bank of Russia will be needed if transactions are aimed at buying shares in authorized capitals of financial institutions or establishing control over shareholders of financial institutions.
Source: Tass
