Russian President Vladimir Putin (file photo)
Russian President Vladimir Putin has signed a decree that bans investors from so-called "unfriendly countries" from selling shares in certain strategic enterprises until the end of the year.
According to the decree , signed on August 5, the ban also applies to stakes in banks and in the Sakhakin-1 oil and gas development in Russia's Far East.
The decree also says that the government and the Central Bank must prepare within 10 days a full list of companies affected by the move. The ban is effective immediately, though Putin can decide to issue a special waiver in certain cases. International investors have been exiting the Russian market amid Western sanctions imposed on Moscow over its unprovoked invasion of Ukraine. An unfriendly countries registry created by the Russian government mostly includes Western nations involved in the sanctions.