Photo: Global Look Press
Seized by the Russian government foreign companies have the right to manage the Pulkovo airport, and President Putin signed the corresponding decree, RIA Novosti reports with reference to the text of the published document.
According to the signed decree, all 100% of the shares of the Cypriot company Thalita Trading Limited in the charter capital of Pulkovo will be transferred to VVSS Holding. The share capital of VVSS Holding will amount to 169 billion rubles.
The report states that this measure is carried out within the framework of contracts and the transfer of assets will be carried out in the manner and under the conditions established by the Cabinet of Ministers.
In addition, the voting rights of foreign companies with shares in Pulkovo will be temporarily transferred to the companies “Advanced Industrial and Infrastructure Technologies-7” and “Air Gate of the Northern Capital”.
The decision is justified by the need to protect the national interests of Russia and also ensure the country's economic security under the sanctions regime.
However, the yield allows for the possibility of restoring one's rights, the report says.