U.S. hedge fund gets green light to buy Russian securities
Investing.com
Published Mar 17, 2025 09:16
Investing.com -- Russian President Vladimir Putin has approved a U.S. hedge fund's request to purchase securities in Russian firms from specific foreign stakeholders. The presidential order, issued on Monday, also permits the future sale of these securities to two Russian funds.
The U.S. hedge fund, 683 Capital Partners (WA:CPAP), LP, has been authorized to buy the securities of Russian companies held by approximately twelve other Western funds. The Russian government has gradually increased restrictions on foreign asset sales since the onset of the Ukraine conflict. Any transactions involving the energy and finance sectors now necessitate Putin's approval.
In a further development, the decree also permitted two Russian companies to acquire securities owned by 683 Capital Partners without the need for additional approval from Putin. The specific Russian companies and the Western funds involved in the transaction were not identified in the decree.
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Written By: Investing.com
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