Russian e-commerce firm Ozon to redomicile by end-2025 -TASS

Ozon Holdings

06/06/2024 16:28

ST PETERSBURG, June 6 (Reuters) - E-commerce firm Ozon,
whose American depositary shares were delisted from Nasdaq last
year, has received Russian government approval to redomicile
from Cyprus by the end of 2025, TASS cited deputy industry and
trade minister Viktor Yevtukhov as saying on Thursday. 
    Many Russian companies are registered in the Netherlands or
Cyprus. As Western nations discuss seizing Russian assets
abroad, Moscow is keen to reduce possible foreign interference
or leverage, particularly over economically important entities.

 (Reporting by Reuters; Writing by Alexander Marrow;Editing by
Elaine Hardcastle)
 ((alexander.marrow@thomsonreuters.com;))