According to Jin10, in September, Putin approved a sanctioned Russian bank, Moscow Credit Bank, to take over securities assets held by a collapsed London brokerage Sova Capital Ltd. The presidential decree allows the bank to dispose of tens of millions of dollars in Russian enterprise shares, including stocks of Rosneft and Gazprom, without consent from UK administrator Teneo Financial Advisory Ltd.

The securities have been under UK management control since Russia's 2022 military action against Ukraine but remained trapped in Russian territory due to sanctions. The asset transfer may circumvent existing UK sanctions mechanisms, limiting Britain's ability to prevent the fund movement.

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