Putin signs law on barring ‘unfriendly’ foreigners from owning stakes in Russian firms

Russian President Vladimir Putin has signed a law allowing for foreign investors from “unfriendly” countries to be barred from holding stakes in major Russian companies and banks, state news agency RIA said on Friday.

It said the government would draw up a list of Russian firms to be covered by the law, including all systemically important banks and firms above a certain size in terms of revenue, employees, assets or taxes paid.