The Kremlin could pass a new rule that could make it harder for foreign companies to exit Russia: report
Russia's preferential right to acquire shares is"realized regardless of the preferential rights of other persons," according to a . Russia's finance ministry confirmed the draft decree to the news agency on Monday.
The"super priority" rights, as translated by the Moscow Times, supersedes the rights of others who may also be entitled to the shares of the exiting foreign shareholders. Despite 1,000 companies announcing they were voluntarily cutting back on operations merely two months after the Ukraine war started in February 2022, just 529 foreign companies have made a clean break with the country,But it's not for lack of trying: More than 2,000 companies were seeking approval to exit the Russian market, the
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