Putin allowed Nova Capital to acquire up to 40 percent of Elgaugol LLC
"In accordance with paragraph five of Decree No. Decree of the President of the Russian Federation dated August 5, 2022. No. 520 "On the application of special Economic measures in the financial and fuel and energy sectors in connection with the unfriendly actions of Certain Foreign States and International organizations", which allows transactions (operations) that directly and (or) indirectly entail a change in the ownership, use and (or) disposal of shares constituting the authorized capital. the capital of the limited liability company Elgaugol, and they are aimed at making transactions by the Nova Capital joint-stock company to acquire up to 40 percent of these shares," the document says.




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