Russian cos whose shares trade abroad will be 'obligated' to return to Russia if there are no other solutions - Reshetnikov

MOSCOW. April 1 (Interfax) - Russian companies whose depositary receipts are traded abroad will be "obligated" to return to Russia unless the government decides otherwise, Russian Economic Development Minister Maxim Reshetnikov said at a briefing on Friday.

"Our Russian stocks, Russian issuers, unless the government decides otherwise, will be obliged to return here," he said.

He said the decision applies to those companies that placed depositary receipts in Western financial markets.

"Now shareholders who own these receipts have the opportunity to apply and convert these receipts into shares that are already traded on our stock markets, here at home," he said.