Russia Bars Exxon and Other Western Investors From Selling Shares in Strategic Businesses

Russia has barred investors from nations it deems unfriendly from selling shares in certain strategic enterprises through the end of the year, a move that further strains relations between Moscow and countries that have leveled sanctions against Russia for its war in Ukraine.

The ban went into immediate effect following a decree signed by Russian President Vladimir Putin Friday and is part of a range of other special measures being enacted in the sphere of finance and fuel and energy, Russia’s state news agency, TASS, reported.

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