Published by Global Banking & Finance Review®
Posted on March 17, 2025
1 min readLast updated: January 24, 2026
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Putin's decree permits a US hedge fund to purchase Russian securities from foreign stakeholders, easing some restrictions amid ongoing sanctions.
(Reuters) - Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with any transactions involving the energy and finance sectors requiring Putin's approval.
The decree authorised U.S. hedge fund 683 Capital Partners, LP, to acquire the securities of Russian companies owned by around a dozen other Western funds.
The decree then gave two Russian companies permission to acquire securities owned by 683 Capital Partners without the need for additional authorisation from Putin.
International sanctions against Moscow over the Ukraine war have blocked many Russian investors' access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within.
(Reporting by Alexander Marrow; Editing by Andrew Osborn)
The main topic is Putin's decree allowing a US hedge fund to buy Russian securities from foreign stakeholders.
Putin's approval is required due to tightened restrictions on foreign asset sales in the energy and finance sectors.
Sanctions have blocked Russian investors' access to foreign-held securities, while Russian measures have frozen Western funds.
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