New limits on Russian companies listing abroad

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Published 10 July, 2008, 08:22

Russian regulators have introduced new limits on companies listing abroad.

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Firms working in the oil and metals sectors will now be allowed to sell no more than 5 % of their shares on foreign markets.

Under the new rules, companies involved in industries related to national security and defense will be restricted to selling 25%.

Currently all Russian companies are allowed to list no more than 35% of their stock on a foreign exchange.

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