ANNOUNCEMENT 14 Oct 2014In October 2014, the government of the Russian Federation announced changed rules for foreign investors.
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Vladimir Putin signed Federal Law On Amendments to the Russian Federation Law On Mass Media.
14 2014 . N 305-
On 14 October 2014 the President of the Russian Federation, Mr Vladimir Putin, signed Federal Law FZ 305. It introduces amendments to the Russian Mass Media Law and enters into force on 1 January 2016. The law introduces a restriction that the share of foreign participation in the capital of companies owning a Russian media outlet should not exceed 20 per cent.
In addition, the new bill introduces the requirement: 'a foreign state, an international organisation or organisation under their control, a foreign legal entity, a Russian legal entity with foreign capital, a foreign citizen, a stateless person, or a Russian citizen who holds dual citizenship cannot act as a founder of a mass media outlet'.
Furthermore, the new law prohibits the mentioned juridical and physical persons to occupy editorial positions in mass broadcasting media outlets or organisations.