US Hedge Fund Gains Access to Russian Securities

In a significant move, Russian President Vladimir Putin has approved the request from US-based hedge fund, 683 Capital Partners, LP, to purchase securities of Russian firms. This decision marks a pivotal moment in US-Russia financial relations, allowing the hedge fund to acquire securities from approximately twelve Western funds.

Streamlined Transactions for Russian Companies

Further simplifying the process, the presidential order also authorizes two Russian companies to purchase securities from 683 Capital Partners without the need for additional approvals. This streamlined approach is expected to enhance the efficiency of transactions between Russian entities and the US hedge fund.