Putin signs decree allowing acquisition of Baker Hughes Russian assets

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(Reuters) – Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie Tekhnologii to acquire U.S. oilfield services provider Baker Hughes’ Russian assets, a Russian government document published on Friday showed.

Baker Hughes announced in March that it was suspending new investments in Russia after Western countries imposed unprecedented sanctions when Moscow ordered tens of thousands of troops into Ukraine on Feb. 24. In August, Baker Hughes announced it had sold its oilfield services business in Russia to the local management team.

(This story has been refiled to fix day of the week)