Chairman of the Board of Directors of NLMK company Vladimir Lisin attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia February 9, 2018. REUTERS/Sergei KarpukhinApril 5 (Reuters) - Steel baron Vladimir Lisin, listed by Forbes magazine as Russia's third richest man, told Kommersant newspaper on Tuesday that Moscow's plans to charge roubles for its exports would undermine country's position on global markets. He also criticized the proposed delisting of Russian companies' depositary receipts from foreign exchanges, saying this would increase risks and undermine the rights of shareholders. Russian President Vladimir Putin has ordered that natural gas, exported mostly to Europe, be paid for in roubles instead of foreign currency following sweeping Western sanctions over Ukraine. It's hard to imagine what would convince our buyers to switch to settlements in roubles and incur currency risks," Lisin told the newspaper.

Source: Forbes April 05, 2022 19:42 UTC