ANNOUNCEMENT 08 Apr 2013

In April 2013, the government of the Russian Federation announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: No inception date

FDI: Entry and ownership rule

With Resolution Nr. 542 of April 8, 2013, the Prime Minister of the Russian Federation, Mr Dmitry Medvedev, submitted the Draft Law 255707-6 to the Federal Duma. According to Mr Medvedev, the legislative amendmentsare intended to attract and facilitate the business activities of foreign investors in state-owned enterprises in the area of national defence, safety and subsoil exploration. The main elements can be summarised as follows:
 

  • abolishing the requirement for a foreign investor, owner of more than 50 per cent of the capital, to coordinate deals with respect to company shares in advance;
  • for the subsoil exploration sector, the condition for exemption from a prior consent is a minimum ownership of 75 per cent of the capital of the enterprise;
  • so called strategic enterprises, which are state-owned by at least 50 per cent, are excluded from these amendemnts. 

 
 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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