Putin clears sale of Caterpillar’s Russian assets

Reuters

28 November 2023

President Vladimir Putin has approved the purchase of the Russian assets of US machinery maker Caterpillar by Russia’s PSK-New Solutions, owned by ex-Sberbank executives, according to a decree published on Monday and a corporate database, reports Reuters.

The decree did not disclose the value of Caterpillar’s Russian business.

Caterpillar Inc…

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