Putin authorizes five more companies to bypass public financial disclosure requirements

Vladimir Putin signed a decree on Monday allowing five additional companies to independently decide how much corporate information to disclose publicly.

The policy applies to the natural gas company Novatek and its Arctic LNG 2 and Yamal LNG projects as well as the oil company Surgutneftegas and the submarine and submersible company Lazurit Central Design Bureau.

Putin first created the list of Russian enterprises permitted to withhold corporate information in November 2023 in response to Western sanctions. Monday’s decree brings the total number of firms on the list to 118.