Thursday, May 9, 2024

Russia Bars Exxon and Other Western Investors From Selling Shares in Strategic Businesses

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Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world. Illustration: David FangRussia has barred investors from nations it deems unfriendly from selling shares in certain strategic enterprises through the end of the year, a move that further strains relations between Moscow and countries that have leveled sanctions against Russia for its war in Ukraine.

The ban went into immediate effect following a decree signed by Russian President Vladimir Putin Friday and is part of a range of other special measures being enacted in the sphere of finance and fuel and energy, Russia’s state news agency, TASS, reported.

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