abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Esta página não está disponível em Português e está sendo exibida em English

Artigo

26 Jan 2023

Author:
B4Ukraine Coalition

Russia: New decree allows major intl. companies to disregard votes of shareholders from "unfriendly" countries

Russia lets international companies disregard foreign shareholders. It's time to disregard Russia, 26 January 2023

Russia has allowed major international companies to ignore the votes of shareholders from countries it considers “unfriendly” when making corporate decisions, according to a decree signed by President Vladimir Putin on January 17.

The order will apply to companies in the energy, mechanical engineering and trade sectors with annual revenue of more than 100 billion roubles (approximately $1.46 billion) and is scheduled to stay in force until the end of 2023.

The move is made “in response to unfriendly actions and actions violating international law by the United States and foreign states and international organisations acting jointly with them to impose restrictive measures in relation to Russian citizens and legal entities,” the decree said.

“With each new legislative action taken by Russia to support the invasion, companies that remain in Russia must accept that they are crossing a new red line in corporate complicity and material risk. There is simply no way for companies to reconcile their legal obligations to assist the Russian military through conscripts and material support with their obligations under international law. Threats to profits and portfolios, but most importantly to the Ukrainian people, lead to one inevitable conclusion for businesses — to end all operations and business relationships with the Russian government or risk enabling its growing crimes,” — says Richard Stazinski, Member of the B4Ukraine Steering Committee and Executive Director of Heartland Initiative.

According to a Russian Union of Industrialists and Entrepreneurs source quoted by Russian media, Putin’s order will affect about a dozen major international companies.

The decree has likely already tipped the scales in favor of the withdrawal decision of German gas and oil producer Wintershall Dea on January 17. According to CEO Mario Mehren, the Russian state has “de facto economically expropriated” Wintershall’s Siberian joint ventures Achimgaz and Severneftegazprom in three moves: In September 2022, Putin capped Severneftegazprom’s gas sales revenues to Gazprom by decree with a price cap...

Linha do tempo

Privacy information

Este site usa cookies e outras tecnologias de armazenamento na web. Você pode definir suas opções de privacidade abaixo. As alterações entrarão em vigor imediatamente.

Para obter mais informações sobre nosso uso de armazenamento na web, consulte nossa Política de Uso de Dados e de Cookies

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Cookies analíticos

ON
OFF

Quando você acessa nosso site, usamos o Google Analytics para coletar informações sobre sua visita. A aceitação deste cookie nos permitirá entender mais detalhes sobre sua viagem, e melhorar a forma como nós colocamos as informações na superfície. Todas as informações analíticas são anônimas e não as utilizamos para identificá-lo. O Google fornece uma opção de não inclusão no Google Analytics para todos os navegadores populares.

Cookies promocionais

ON
OFF

Compartilhamos notícias e atualizações sobre empresas e direitos humanos através de plataformas de terceiros, incluindo mídias sociais e mecanismos de busca. Estes cookies nos ajudam a entender o desempenho destas promoções.

Suas escolhas de privacidade para este site

Este site usa cookies e outras tecnologias de armazenamento da web para aprimorar sua experiência além da funcionalidade básica necessária.