Chairman of the Russian State Duma Industry, Construction and Science Technologies Committee Martin Shakkum
Photo: Dmitry Dukhanin
| Other Photos |
 |
|
 |
Duma Gives Foreign Investors Two Days
The second reading of the draft law “On the Procedure for Carrying out Foreign Investment in Economic Societies Having Strategic Meaning for the National Security of the Russian Federation” has been rescheduled from March 19 to March 21. The State Duma will consider more amendments to the draft today. Committee chairman Martin Shakkum said these latest amendments tighten requirements for deals with mineral deposits, which softening them for typography, broadcasting, communications and natural monopolies. He added the delay in the bill's reading was necessary because of the large number of technical changes it requires.
Shakkum declined to elaborate on the changes being made in rules, other than to say that loopholes were being removed. Nor did he want to talk about those for the press, commenting only that “Kommersant will not be subject to those limitations” and “all the yellow press with circulation of over a million” will be subject to them. A decision has already been made not to subject Internet providers to the rules, and the number of activities subject to the limitations now stands at 42.
Under the new law, foreign investors will have to receive the permission of a government commission to acquire a controlling package in companies engaged in the activities specified in the law. If the investor is a foreign state company, it will need permission to buy a blocking package, and it will be limited to 10 percent of companies that are developing strategic mineral deposits.
www.kommersant.com
All the Article in Russian as of Mar. 19, 2008
|
|
|
