Russia Urges Companies to Delist Abroad Amid Sanctions

Russia urged companies to delist their shares from overseas stock exchanges and trade in Moscow in an effort to safeguard them as international sanctions mount against the country after its takeover of Crimea.  ‘This is a question of economic security,’ First Deputy Prime Minister Igor Shuvalov told reporters after a government meeting. Speaking later, he said the move isn’t mandatory and that companies should make independent decisions.  The Russian government is creating ‘attractive’ conditions for companies that decide to re-register on OAO Moscow Exchange, Shuvalov said. The country will push on with plans to sell state-owned assets on the stock exchange, he said.”

http://www.bloomberg.com/news/2014-04-08/russia-asks-companies-to-delist-from-bourses-abroad-for-security.html

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