Russian President Grants Approval for US Hedge Fund

In a significant move, Russian President Vladimir Putin has approved a request from a United States hedge fund, 683 Capital Partners, LP, to purchase securities of Russian firms. This decision marks a pivotal moment in US-Russian financial relations.

Details of the Agreement

The approval allows 683 Capital Partners to acquire securities held by approximately twelve other Western funds. Additionally, it has been specified that two Russian companies are authorized to purchase securities from 683 Capital Partners without the need for further authorizations, streamlining the process for future transactions.