27 Nov 2023 18:20

Putin grants Rosneft, number of other organizations right to determine list of disclosed information independently

MOSCOW. Nov 27 (Interfax) - Russian President Vladimir Putin has signed a decree on the right of a number of issuers, including Rosneft , not to disclose corporate information owing to sanctions risks.

Decree No. 903 "On the temporary procedure for disclosing and providing information by certain Russian business entities" was published on Monday on the government's official internet portal for legal information.

The document grants the companies and banks named in the attached list to the decree the right "to determine independently the composition and/or volume of information to be disclosed and/or provided."

Companies are entitled to take advantage of this possibility if the disclosure or provision of information "will or may lead" to the imposition of sanctions on "Russian business entities and (or) other persons". At the same time, the withheld information must be sent to the Central Bank of Russia (CBR).

Information not disclosed on the basis of this decree, but provided to the CBR and federal executive authorities, including at their request, and to other persons, is not subject to public disclosure, including placement in state information systems and other sources, the document indicates.

According to the list attached to the decree, 46 organizations were granted the right to independently determine the scope of disclosed data. Among them are Rosneft and a number of its entities, Slavneft (owned on a parity basis by Rosneft and Gazprom Neft ), Bashneft , Peresvet Bank, the All-Russian Bank for Regional Development, and others.