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Putin Calls Time on Foreign Listings in Fresh Hit to Tycoons

  • Billionaires used N.Y., London stocks to collect FX dividends
  • Number of Russian companies listed abroad fell since Crimea
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Putin Claims the Sanctions on Russia Have Failed
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Sanctioned or unsanctioned, Russian billionaires face fresh hurdles after President Vladimir Putin dropped the curtain on the era of foreign stock listings.

Putin signed off on legal amendments on April 16 that require Russian companies to delist their overseas shares, winding up a process that has gathered pace with the annexation of Crimea in 2014.