Putin Seizes Rights to St. Petersburg Airport From Foreign Investors
- Decree removes voting rights of foreign owners of Pulkovo
- Russian countermeasures take aim at local assets of foreigners
Pulkovo Airport in St. Petersburg.
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President Vladimir Putin ordered the transfer of rights to managing Russia’s second-busiest airport from foreign shareholders that include Germany’s Fraport AG and the Qatari wealth fund by shifting their stakes into a new domestic entity.
Shareholdings in the Cyprus-registered concession that runs St. Petersburg’s Pulkovo airport will be consolidated in a new Russian company under a decree published late Thursday.