, “Yandex” and “Facebook” is planned to recognize the strategic enterprises

The deputies of the Duma Committee on Property offered to expand the list of companies that have strategic importance for Russia, and to incorporate the Internet company providing socially important services, all printed materials (regardless of circulation), printing, and television and radio broadcasting companies, write “Sheets” .

It follows from the text of the bill amending the law on foreign investment and the conclusion of the Duma Committee on Property.

The purpose of this initiative - to establish a strategic status for the major Internet companies (the number of users - at least 20 million per month for six months), foreign investment in that are not currently regulated by any law, the authors explain the bill.

Under the socially important services means searching for information on the Internet, e-mail services for loading, storing and viewing audio and video, reference services, file sharing, and “other communications services on the Internet,” said a memorandum to the bill. Under this description come the largest Internet companies - “Yandex”, Group, “Twitter.”

Foreign Investment Law establishes a special procedure for investment in strategic companies. For example, buying more than 10% of the voting shares is only possible with the permission of the Government Commission on Foreign Investments and the Federal Antimonopoly Service (FAS).

31 May 2012

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