INSUBCONTINENT EXCLUSIVE:
Russian President Vladimir Putin licensed a U.S
hedge fund to buy securities in Russian business from 11 other funds, mainly based in the U.S
and U.K., according to a presidential decree released Monday.The decree follows Putins August 2022 order, which forbids U.S
and other financiers from nations deemed unfriendly by Russia from buying or offering securities in Russian business in the energy, fuel and
banking sectors without his personal approval.The brand-new decree permits 683 Capital Partners LP to buy Russian company securities from
six U.S.-based, 4 U.K.-based and one Singaporean financial investment fund.In addition, 2 Russian business, Tsefey-2 and Sovremennye Fondy
Nedvizhimosty, are authorized to buy 683 Capitals securities without requiring Putins approval.New York-based 683 Capital, established in
2006 by Ari Zweiman, supervise $1.95 billion in assets at the end of 2023, according to Bloomberg.Separately, U.S
and Russian representatives have made initial contacts relating to collaboration with Russias state-controlled energy giant Gazprom,
Bloomberg reported last week, citing confidential sources
Putin discussed the possibility of U.S.-Russian energy cooperation on Thursday.Mondays governmental decree was signed just a day before
Putins set up phone call with U.S
President Donald Trump, throughout which the two leaders are anticipated to talk about a proposed ceasefire in UkraineSpeaking to press
reporters aboard Air Force One on Sunday, Trump said he would discuss land and power plants with Putin and included that discussions about
dividing up certain possessions between Russia and Ukraine were currently underway.
