Global Trade Alert
Global Trade Alert

Russia: Baker Hughes secures authorisation for divestment from Russia

Announcement

04 Nov 2022

In November 2022, Baker Hughes obtained presidential approval to sell its Russian subsidiaries to Oilfield Service Technologies LLC.

Source

Sign in to access

Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

04 Nov 2023

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 4 November 2022, the president of Russia signed Order No. 367-rp, authorising the sale of several Russian subsidiaries of Baker Hughes, an American oil field services company, to "Oilfield Service ...

Sign in to see more

Related State Acts

05 Aug 2022

Russia: Restrictions on foreign investment and commercial transactions in the energy and financial sector

19 May 2023

Russia: Volkswagen secures government authorisation to exit the Russian market

15 Jun 2022

Russia: Kinross Gold secures government authorisation for divestment from the Russian market

18 Sep 2023

Russia: Mondi secures government authorisation for the sale of the Russian business

20 Apr 2023

Russia: Henkel secures government authorisation for divestment from the Russian market

26 Apr 2023

Russia: Mercedes-Benz secures government authorisation for divestment from the Russian market

23 Nov 2023

Russia: President signs a decree allowing the transactions related to JSC "Russian Coal"

20 Dec 2023

Russia: Bridgestone secures government authorisation for divestment from the Russian market

02 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Russneft JSC

15 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Renaissance Insurance Group and Ozon Holdings Plc

14 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Yandex Bank

20 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Polymetal JSC and Taseevskoye LLC

19 Mar 2024

Russia: President authorises certain foreign investors' transactions related to Highland Gold

19 Mar 2024

Russia: President authorises transactions related to Ermakovskoye LLC

03 Apr 2024

Russia: President authorises transactions with foreign-held shares in Geo Saha LLC

Threads

See all

This state act is not part of any Thread yet.