Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with any transactions involving the energy and finance sectors requiring Putin's approval.
Investors are on the lookout for any signs that the thaw in U.S.-Russia relations instigated by President Donald Trump's return to the White House could unlock ways for Western investors to trade Russian assets. Monday's decree, light on detail, provided limited clues.
The decree authorised U.S. hedge fund 683 Capital Partners, LP, to acquire the securities of Russian companies owned by around a dozen other Western financial entities, including Jane Street, Templeton Asset Management, Franklin Advisers and Carrhae Capital.
The decree then gave two Russian companies, Cepheus-2 and Modern Real Estate Funds, permission to acquire securities owned by 683 Capital Partners without the need for additional authorisation from Putin.
Reuters could not immediately reach 683 Capital Partners for comment.
International sanctions against Moscow over the Ukraine war have blocked many Russian investors' access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within.
Ukrainian President Volodymyr Zelenskyy condemned a massive Russian attack involving 450 drones and 45 missiles, targeting Ukraine's energy infrastruc...
From federal paychecks to public benefits, the longest U.S. government shutdown in history is cutting lifelines for millions of Americans, many of the...
Kenyan human rights activists Bob Njagi and Nick Oyoo were released from Ugandan detention after 39 days, following international pressure and diploma...
As Kazakhstan becomes the latest nation to join the Abraham Accords on Friday, here's all you need to know about the agreement and why it matters....
Bolivian President-elect Rodrigo Paz was sworn in as the country's new President on Saturday ending almost 20 years of one-party rule....
Ukrainian President Volodymyr Zelenskyy condemned a massive Russian attack involving 450 drones and 45 missiles, targeting Ukraine's energy infrastructure. He called for stronger sanctions against Russia’s energy sector to help end the war.
The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war with Russia, a U.S. source familiar with the matter told Reuters on Friday.
The European Commission has tightened Schengen visa rules for Russian citizens, limiting most new applicants to single-entry permits, citing security risks linked to the war in Ukraine.
Russia remains in constant contact with Venezuela over tensions in the Caribbean, Kremlin spokesman Dmitry Peskov was quoted as saying on Tuesday.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 points compared with the previous close.
Dutch smartphone maker Fairphone is entering the U.S. market, betting on growing demand for repairable and sustainable devices as right-to-repair legislation gains traction, according to Reuters.
Premier Li Qiang said on Wednesday that China's economy will exceed 170 trillion yuan ($23.87 trillion) by 2030, presenting a big market opportunity for the world as trade restrictions rise globally.
Jamaican Prime Minister Andrew Holness on Tuesday said that last week's Hurricane Melissa, the strongest-ever storm to hit its shores, caused damage to homes and key infrastructure roughly equivalent to 28% to 32% of last year's gross domestic product.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment