In an official move, the President of the Russian Federation, Vladimir Putin, approved a series of transactions involving shares in major Russian mining and metals companies. The formal order, published on an official information portal, confirms that the head of state gave authorization for transfer and ownership activities related to the equity stakes in Polymetal Joint Stock Company, a firm engaged in extracting silver, gold, and copper. This update reflects a broader pattern of state oversight in strategic sectors and underscores the government’s role in shaping the ownership and capitalization of key resource enterprises. For attribution, see the official government portal citation.
The document explicitly authorizes transactions associated with the shares of Polymetal as a joint stock company and outlines the scope of the permitted actions. The explanatory note accompanying the order notes that Putin also consented to transactions involving shares in the authorized capital of another mining entity, Taseevskoye LLC, which specializes in ore extraction and the production of precious metals including gold, silver, and platinum group metals. This indicates a coordinated approach to consolidating or reshaping asset holdings within the country’s extractive industries. For attribution, see the official government portal citation.
The directive states that the government will authorize activities with shares within the authorized capital of Taseevskoe LLC, clarifying the nature of permissible corporate actions and the related governance processes. These steps are part of a wider regulatory framework that governs strategic assets in Russia, particularly in the precious metals and mining sectors, reinforcing state influence over critical economic resources. For attribution, see the official government portal citation.
In a related development, the day prior to these actions, Putin signed an order enabling the acquisition of the entire stake in HSBC Bank Russia, a subsidiary of the international banking group HSBC. This move was reported amid broader discussions about financial sector realignment and Russia’s banking landscape, highlighting a trend toward stronger state involvement in strategic financial institutions. For attribution, see the official government portal citation.
Observers have noted that these measures come after statements by the president regarding perceived shifts in the global economic order, including discussions around what has been described as irreversible changes in the relative position of major economies. The sequence of orders emphasizes the administration’s focus on consolidating control over important resource and financial assets within Russia’s borders. For attribution, see the official government portal citation.