ANNOUNCEMENT 14 Oct 2014

In October 2014, the government of the Russian Federation announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE




http://www.rg.ru/2014/09/17/smi-site-anons.html
604509-6
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http://asozd2.duma.gov.ru/main.nsf/(Spravka)?OpenAgent&RN=604509-6

Vladimir Putin signed Federal Law On Amendments to the Russian Federation Law On Mass Media.
http://www.kremlin.ru

14 2014 . N 305-
http://www.rg.ru/2014/10/17/ino-smi-dok.html


Inception date: 01 Jan 2016 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A