Make Kitco Your Homepage

Russian central bank allows share purchases in companies from 'friendly' countries

Kitco News

May 27 (Reuters) - Russia's central bank on Friday authorised Russian residents to buy shares in companies from "friendly" countries, provided the transactions were denominated in roubles or the currency of the foreign country.

In a statement, the central bank said it was lifting some of the restrictions on overseas investments, which were imposed after Russia began what it calls "a special military" operation in Ukraine on Feb. 24.

Reporting by Reuters; editing by John Stonestreet
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.