Lead
Russian President Vladimir Putin has signed a decree concerning Sheremetyevo International Airport, ensuring that the airport retains its core business and that its shares cannot be divested to foreign entities. The decree, reported by TASS, removes JSC Sheremetyevo International Airport from Russia's list of strategic joint-stock companies and instructs the government to exercise the Russian Federation's right to participate in the airport's management.
Coverage Comparison
TASS reported the decree in two separate articles, both focusing on the presidential action. One article highlighted the preservation of the airport's core business and the ban on foreign share transfers, while the other emphasized the removal from the strategic enterprises list and the introduction of a 'golden share' mechanism. Both reports note that the decree was published on the official portal of legal information and enters into force on the day of signing.
Key Claims
The decree states that when divesting shares of JSC Sheremetyevo International Airport, the Russian government must stipulate conditions regarding the preservation of the airport's core business activities, the modernization of production facilities, and a ban on the transfer of shares to foreign individuals or legal entities directly or indirectly controlled by foreign persons.
The decree also instructs the Cabinet of Ministers to exercise the special right of the Russian Federation to participate in the management of the airport, commonly referred to as a 'golden share'.
According to one of the TASS reports, approximately 66% of JSC MASH shares are owned by Sheremetyevo Holding LLC, while the Federal Property Management Agency (Rosimushchestvo) holds a 30.46% stake.