The shareholders of Kamaz with stock registered abroad are taking steps to bring their securities under Russia’s jurisdiction. Sergei Kogogin, the CEO of Kamaz, said that the process of transferring the ownership of the company’s stock to entities located within Russia’s jurisdiction has already started. No deadline has been set for the completion of the process yet.

Kamaz makes heavy trucks and is the leader on the Russian market in that segment. Rostec controls 49.9 percent of the company’s stock, and Avtoinvest Limited, located in Cyprus, holds 24.53 percent. Decodelement Services Ltd. holds 2.37 percent, the German Daimler group has 11 percent, Kamaz International Mangement Co. based in the U.S. holds 4.25 percent, and the European Bank of Reconstruction and Development has four percent of the company’s stock.