Entities from ‘unfriendly countries’ will need Russia’s permission for certain deals

1 min read
The sun sets behind the skyscrapers of the Moscow International Business Centre in Moscow

MOSCOW – Deals with securities or real estate, or provision of rouble loans involving entities from countries unfriendly to Russia will require special authorisation from March 2, the Kremlin said in a statement on Tuesday.

The authorisation for deals with Russian residents will be needed from Russia’s government commission in charge of foreign investment, it added.

(Reporting by Reuters; Editing by Leslie Adler)