The government of Ukraine is working on preventing individuals associated with Russia from accessing foreign stock exchanges to trade stolen resources.
This was announced by Ukraine’s Minister of Environment and Natural Resources, Ruslan Strilets, according to a press release from the Ministry of Environment.
“Today, Russia has occupied 740 Ukrainian deposits of mineral resources, through criminal means, essentially stealing what does not belong to them. But in civilized relations, there is no place for this country, nor its companies that directly or indirectly finance terrorism and crimes against the Ukrainian people”, he said.
According to Strilets, the government has approved a list of foreign stock exchanges, on which the shares of legal entities associated with the aggressor state will not be allowed to trade. The need to create such a list is a requirement of the recently adopted Ukrainian Law No. 2805-IX “On Amending Certain Legislative Acts of Ukraine to Improve Legislation in the Field of Subsoil Use”.
It is reported that the existing List of Foreign Stock Exchanges, approved by the Government Resolution of September 6, 2017, No. 675, was used as the basis. It includes 21 trading platforms. According to the analysis conducted, shares of public foreign companies, which are beneficiaries of Ukrainian mining companies, are quoted on at least 6 of them.
“Therefore, this List will be used to identify Russian or Russia-related companies to prevent them from accessing the Ukrainian subsoil use market”, the Ministry of Environment informs.
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