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.
Russian President Vladimir Putin on Tuesday cautioned his economic team against overcooling the national economy through overly tight monetary policies ahead of the central bank's impending rate decision.
Russian authorities are set to initiate a privatization drive aimed at selling state-seized assets valued at at least 100 billion rubles (approximately $1.22 billion) in 2025, Finance Minister Anton Siluanov announced at a meeting of the Federal Agency for State Property Management.
Russia is exploring opportunities for collaboration with the United States, particularly in the space sector, and is looking to hold talks with Elon Musk’s son about potential missions to Mars, despite challenges in restoring dialogue between the two nations.
The Trump administration is reportedly considering recognizing Crimea as part of Russia in a potential peace deal to end the war in Ukraine, with discussions also involving the United Nations.
Ukrainian air defenses have successfully destroyed 63 Russian-launched drones during an overnight strike, showcasing the country's continued ability to protect its skies amid ongoing aerial attacks.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
U.S. President Donald Trump said on Tuesday that military aid to Ukraine was not discussed during his phone call with Russian President Vladimir Putin, despite the Kremlin stating that Putin had called for an end to U.S. support for Kyiv.
NASA astronauts Butch Wilmore and Suni Williams have returned to Earth after a nine-month mission on the International Space Station (ISS), landing in a SpaceX Crew Dragon capsule on Tuesday following prolonged delays due to technical failures on Boeing’s Starliner spacecraft.
The U.S. government on Tuesday released documents related to a legal battle over Prince Harry’s 2020 visa application but redacted large portions, citing privacy protections and a lack of evidence that he received special treatment.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Ukraine would support a U.S. proposal to halt attacks on Russian energy infrastructure but warned that Moscow was using the negotiations to delay and weaken Kyiv.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
Reliance Jio will offer free IPL streaming to users recharging with ₹299 or more. The matches can be streamed on the new JioHotstar platform. The plan also includes a 50-day trial of Jio's broadband services, aiming to boost home internet dominance.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
U.S. President Donald Trump said on Tuesday that military aid to Ukraine was not discussed during his phone call with Russian President Vladimir Putin, despite the Kremlin stating that Putin had called for an end to U.S. support for Kyiv.
NASA astronauts Butch Wilmore and Suni Williams have returned to Earth after a nine-month mission on the International Space Station (ISS), landing in a SpaceX Crew Dragon capsule on Tuesday following prolonged delays due to technical failures on Boeing’s Starliner spacecraft.
The U.S. government on Tuesday released documents related to a legal battle over Prince Harry’s 2020 visa application but redacted large portions, citing privacy protections and a lack of evidence that he received special treatment.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Ukraine would support a U.S. proposal to halt attacks on Russian energy infrastructure but warned that Moscow was using the negotiations to delay and weaken Kyiv.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment