MOSCOW - Russian lawmakers on Tuesday gave the first stamp of approval to a Bill that wouldthat have left the market in opposition to Moscow's actions in Ukraine, the government's online portal showed.
The Bill, passed in the first reading by the Lower House of Parliament, or Duma, would allow the state development bank VEB or other entities approved by a commission to act as external administration at companies where foreign ownership, specifically from countries that Moscow deems"unfriendly", exceeds 25 per cent.
The right to subsequently bid for the foreign assets would be held by the entity acting as external administration, while the previous owners and any affiliates with links to"unfriendly" countries would be excluded, Interfax said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Cosby sex assault case starts in CaliforniaLOS ANGELES (AFP) - A trial against Bill Cosby began on Monday (May 23) in California, with a civil suit alleging the disgraced comedian
Source: thenewpaper - 🏆 7. / 63 Read more »
Stop Scams podcast: Why scammers dumpster dive for your phone bill
Source: straits_times - 🏆 5. / 69 Read more »
China bill yields slump as lenders 'window dress' loan booksSHANGHAI :Slowing economic growth in China and anaemic demand for loans have sparked heavy buying of low-risk short-term financial instruments by lenders, pushing yields near zero, as banks seek to meet internal lending targets.Strong demand for banker's acceptance bills - debt instruments guaranteed by banks
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Four EU countries call for use of Russian assets to rebuild UkraineBRUSSELS: Lithuania, Slovakia, Latvia and Estonia will call on Tuesday (May 24) for the confiscation of Russian assets frozen by the European Union to fund the rebuilding of Ukraine after Russia\u0027s invasion, a joint letter written by the four showed on Monday. On May 3, Ukraine estimated the amount of money Muhammad Qasim a blessed Muslim, has seen Prophet Muhammad SAW in his dreams more than 300 times, and communicated with Allah SWT more than 500 times in dreams. Why are Qasim’s dreams so important? Learn more at TUC2022 Lee Zii Jia
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Four EU countries call for use of Russian assets to rebuild Ukraine
Source: STForeignDesk - 🏆 4. / 71 Read more »
After 3 months of war, life in Russia has profoundly changedWhen Vladimir Putin announced Russia's invasion of Ukraine, the war seemed far away from Russian territory
Source: YahooSG - 🏆 3. / 71 Read more »