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Russia back in investors' focus after weekend mutiny zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup showed, raising fresh concerns that Western investors could face large write-downs. Russia temporarily stopped foreigners trading Russian assets this month, saying it wanted to ensure decisions to exit were considered and not driven by political pressure following Moscow’s invasion of Ukraine. It has now revealed the details of an application process that must be followed before the Russian Ministry of Finance will decide if assets can be traded, including disclosure of any beneficiaries and strategic ....