In Russian Federation, plan to force shares of companies at residents of “unfriendly” states

The Ministry of Finance of the Russian Federation thinks about the mechanism of compulsory ransom of shares at residents of “unfriendly” states, but still do not know how to avoid risks for internal investors. About this, as Interfax writes, said Deputy Minister Alexei Moiseev.

Now forced redemption, or SqueezeZe Out, is provided for by corporate legislation in the event of consolidation by one shareholders of 95% and more company shares.

“This question is now being considered. Here it is necessary to be neat due to the fact that we have a 17 million of our citizens bought promotions, and not all of them bought these shares directly through Russian intermediaries, some through foreign. It is necessary to be careful not to harm Our citizens, but we consider such opportunities, “the official said.