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Good morning from the Financial Times. Today is Tuesday, March 18th.

And this is your FT News briefing.

Russia has reopened to the West a little bit, and Jack Ma is making a comeback.

Plus, European companies may want to think twice before adding a secondary listing in the U.S.

Executives say, we're going to add a listing in New York,

and all of these things are going to magically improve,

and we found that that's not entirely the case.

I'm Mark Filipino, and here's the news you need to start your day. Russian President Vladimir Putin is allowing some Western investors to offload Russian securities.

Putin published the decree on Monday.

In it, he said that Jane Street, GMO, and Franklin Templeton will be allowed to sell shares in Russian companies to a U.S. hedge fund.

Putin banned international investors from dealing in shares or bonds of Russian banks and energy companies after the country's full-scale invasion of Ukraine.

Now, the timing of yesterday's decree is interesting.

Putin is expected to talk with U.S. President Donald Trump today about a potential ceasefire.

A lot of executives say that a New York stock market presence is a surefire route to a higher share price,

and that's led many European companies to add a U.S. listing in recent years.

But it turns out that assumption may be wrong.

Niku Asgari is the FT's digital markets correspondent, and she joins me now.

...