Global Trade Alert
Global Trade Alert

Russia: President authorises the sale of RUSELCO LLP's share in Russian Elevator Company LLC

Announcement

28 Nov 2024

In November 2024, the president of the Russian Federation authorised the sale of RUSELCO LLP's share in Russian Elevator Company LLC, a Russian company managing 12 grain elevators in various regions of Russia.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

2 in force

Implementation date

28 Nov 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 28 November 2024, the president of the Russian Federation issued Decree No. 385-rp, authorising the divestment of RUSELCO LLP from Russian Elevator Company LLC. RUSELCO LLP, a UK-based holding comp...

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Controls on commercial transactions and investment instruments In force

On 28 November 2024, the president of the Russian Federation issued Decree No. 385-rp, authorising the sale by RUSELCO LLP of its 100% share in Russian Elevator Company LLC. RUSELCO LLP is a UK-based...

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