Putin Authorizes Deals Involving Shares of Udokan Copper Holding

Russian President Vladimir Putin has signed a decree authorizing deals involving shares of the Udokan Copper holding company, according to a report by the Russian state news agency TASS.

TASS, citing the text of the decree, said the document specifies that no other permits or approvals otherwise required by law are necessary to carry out the transactions in question.

The report did not provide further details on the parties involved in the transactions, the size of the stakes affected, or the reasons behind the decree.

Udokan Copper is a Russian mining and metallurgical company associated with the development of the Udokan copper deposit, one of the largest copper deposits in Russia, located in the Zabaikalsky Region.

TASS did not report additional context regarding the timing or purpose of the presidential authorization, and further details were not immediately available.