Russian cenbank allows share purchases in companies from ‘friendly’ countries

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FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Omsk

(Reuters) – Russia’s central bank on Friday authorised Russian residents to buy shares in companies from “friendly” countries, provided the transactions were denominated in roubles or the currency of the foreign country.

In a statement, the central bank said it was lifting some of the restrictions on overseas investments, which were imposed after Russia began what it calls “a special military” operation in Ukraine on Feb. 24.

(Reporting by Reuters; editing by John Stonestreet)