Putin orders state-owned firms to move HQs out of Moscow ...News

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The relocation would give a boost to other Russian regions, the president believes Russian President Vladimir Putin had ordered plans to be developed for major state-run companies to relocate their headquarters from Moscow to other parts of the country. The move is aimed at boosting regional budgets and helping alleviate a labor shortage.   Moscow is home to most of Russia’s state-run giants, including the country’s top lenders Sberbank and VTB, energy majors Gazprom and Rosneft, defense and technology giant Rostech, Russian Railways, and others.   The president on Thursday ordered the development of a roadmap on

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