Putin signed the president's order!

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On June 30, local time, Russian President Putin signed a presidential order to implement special economic measures in the field of fuel and energy for unsuccessful behaviors of some foreign and international organizations. According to this document, the assets of the Sahalin Energy Company, a "Sahalin 2" operator established by companies such as Russia and Japan, will be transferred to Russia. The Russian government will set up a limited company to take over the rights and obligations of Sahalin Energy Corporation.

The current shareholders of Sahalin Energy Corporation are Russia's Natural Gas Industry Co., Ltd. (50%plus 1 shares), Shell (27.5%minus 1 shares), Mitsui Products (12.5%), and Mitsubishi (10%). According to the decree, in a company established by the Russian government, Russian Natural Gas Industry Co., Ltd. will receive corresponding shares at Sahalin Energy Company, and other shareholders' shares will be classified as companies created by the Russian government.

Source: CCTV News Client

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