Putin Forces Russian Firms from Overseas Exchanges

“In a blow to Russia’s richest business people, President Vladimir Putin signed a decree on April 16 that requires Russian companies to remove their listings from overseas stock exchanges,” Insider reports.

Bloomberg: “That could force tycoons including Russia’s richest man, Vladimir Potanin, as well as steel billionaires Vladimir Lisin and Alexey Mordashov, to reconfigure the ownership structure of businesses they hold — in part — via overseas shares paying foreign-currency dividends.”