Putin signs decree to remove Russian stocks from overseas exchanges in huge blow to the nation’s billionaires

Putin signed a new decree on April 16 that requires Russian companies to remove their listings from overseas exchanges.

Now, billionaires won't be able to collect foreign-currency dividends from depository receipt programs.

The decree also means foreign holders of the canceled receipts must receive normal shares placed in non-resident accounts in Russia.

https://markets.businessinsider.com/news/stocks/putin-decree-russian-billionaires-tycoons-foreign-stock-listings-ukraine-2022-4?utm_source=reddit.com