Moscow is imposing a temporary ban on foreign investors selling their Russian assets after key western partners, including energy groups BP and Shell, announced plans to divest their holdings following the country’s invasion of Ukraine.
The move was aimed at preventing companies basing decisions on politics rather than economics, Moscow said.
“In the current sanctions situation, foreign entrepreneurs are forced to be guided not by economic factors but to make decisions under political pressure,” Russia’s prime minister, Mikhail Mishustin, told a government meeting on Tuesday, according to an official statement.
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