Published December 25,2023
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Russian President Vladimir Putin accredited Rosbank‘s stake purchases in main Russian corporations owned by French financial institution Societe Generale that ceased operations within the nation on account of sanctions arising from the Russia-Ukraine warfare.
“Now, Rosbank will be able to buy back shares in a number of energy companies from its former owner, including Rosseti, RusHydro, Inter RAO, Gazprom and Gazprom Neft, Lukoil, Surgutneftegaz, Rosneft and Tatneft, Transneft, and Unipro,” reported Russian news company TASS on Sunday.
Also among the many Russian corporations are VTB Bank, Rostelecom, and Aeroflot; diamond mining firm Alrosa; and metal and mining firm Severstal, the company reported.
The authorization granted to Rosbank encompasses the acquisition of shares in Nornickel, gold producer Polyus, in addition to a number of different corporations.
French monetary group Societe Generale halted its actions in Russia in 2022. The funding financial institution and monetary companies firm agreed final May to promote its banking and insurance coverage operations in Russia to Interros Capital, owned by Russia’s second richest man, Vladimir Potanin.
Source: www.anews.com.tr