Putin allows sanctioned Russian firms to disregard shareholders from ‘unfriendly’ states ...News

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Corporate decisions will not require securing a vote from those individuals, under a new law Russian President Vladimir Putin signed a decree on Tuesday, allowing certain companies to disregard the votes of shareholders from so-called ‘unfriendly’ countries when making corporate decisions. The document providing for this, published on a portal of legal information, will apply to companies in the energy, mechanical engineering and trade sectors with annual revenue of more than 100 billion rubles ($1.46 billion). It will be in force until the end of 2023. According to the new law, the management authorities of such

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