Putin Allows Some Western Funds to Sell Russian Securities
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President Vladimir Putin allowed some international funds including American ones to sell Russian securities, a day before planned talks with President Donald Trump on a possible ceasefire in the war on Ukraine.
Putin is allowing the US-registered 683 Capital Partners LP to buy securities of Russian companies that were owned by about a dozen western asset-management and hedge funds, according to a presidential decree published Monday. Franklin Advisers Inc., Templeton Asset Management Ltd. and Baillie Gifford Overseas Ltd. were among funds that received the right to sell assets.