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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Russia to Let Some Companies Disregard Foreign Shareholders

Russia's President Vladimir Putin - File/REUTERS

Russia is set to allow some companies to disregard the votes of shareholders from what it regards as "unfriendly" countries when making corporate decisions, according to a decree signed by President Vladimir Putin.

The decree will apply to companies in the energy, mechanical engineering and trade sectors with annual revenue of more than 100 billion roubles ($1.46 billion).

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