Putin allows Western investors to sell some Russian stocks before Trump’s talks

Stay in view of the free updates

Simply subscribe to Russian business and financing Myft Digest – it is delivered directly to your inbox.

Vladimir Putin allowed a group of Western asset managers and hedge funds to drop the Russian securities that left her in forgetting by Russia’s invasion of Ukraine, one day before the Russian leader is scheduled to speak to Donald Trump in the ceasefire talks.

Putin said in a decree published on Monday that investors, including Jin Street, and GMG, have been approved by GMG, and Franklin Templeton to sell stocks in Russian companies to an American hedge box called 683 Capital Partners.

The decree added that the hedge fund will be free in dealing with Russian investment funds without the need for more licenses by Putin, as the decree added.

New York -based 683 Capital Partners did not respond immediately. The company supervised the assets of ARI Zweiman, which is run by ARI Zweiman at $ 1.6 billion at the end of 2024, according to the files of the US Securities and Exchange Committee.

Shortly after Russia’s full invasion of Ukraine in 2022Putin signed a decree prohibiting international investors to deal with bank shares or bonds and Russian energy companies. Any such treatment requires a signature out of the Russian authorities.

Western stock owners in Russian companies such as Norilsk Nickel, VTB Bank and Rosneft have greatly distinguished their property as worthless given the restrictions imposed on selling and the impact of sanctions on Russia.

Jin Street and GMG and Franklin Timbalon did not respond immediately for requests to comment on the decree.

This step to allow some trading comes a day before Putin and Trump is appointed to hold a Telephone conversation In the latest batch of the gunfire for 30 days.

Because of the sanctions against Russia, Western investors usually sought permission from the organizers at home before they left Russian origin, along with the Kremlin permission. It is not clear whether this permission has been obtained by the investors mentioned in the decree.

Russian robos have risen by 36 percent against the US dollar so far this year, and Russian stocks have also gained bets that the United States will soon dismantle its sanctions on Russia, which reduced Moscow from Western financial markets and prevented many international funds from buying or selling Russian assets.