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Putin clears acquisition of Caterpillar's Russian assets

Reuters

MOSCOW, Nov 27 (Reuters) - President Vladimir Putin has approved the purchase of the Russian assets of Caterpillar by a Russian company called PSK - New Solutions, according to a presidential decree published on Monday.

Caterpillar Inc suspended operations in its manufacturing facilities in Russia last year, joining a number of companies that halted business in the country after it sent its troops into Ukraine in February 2022.

(Reporting by Vladimir Soldatkin; Editing by Kevin Liffey)