Putin Signs Decree That Bans “Unfriendly” Investors From Selling Energy Stakes

Russia banned companies from what it considers “unfriendly” countries from selling stakes in key energy projects and oil and gas production sharing agreements by the end of the year under a new decree signed by Vladimir Putin on Friday.Russia is thus upping the ante in the standoff with the West, which has imposed massive sanctions on Russia.

The U.S. has already banned imports of Russian energy, including oil, natural gas, and coal, while the EU plans to enact an embargo on seaborne imports of Russian crude oil and refined products…