Central regions | Telecoms, media | Finance, business

Legislators seek to limit foreign ownership of Internet companies

29 Jul '19
Draft amendments submitted Friday in the State Duma would impose a 20% limit on foreign ownership of Russia’s “significant information resources,” the U.S.-Russia Business Council reported, citing information on a State Duma website.

The amendments do not say by which criteria information resources would be considered “significant.” The bill’s author, United Russia member Anton Gorelkin, said the list should include Russia’s Yandex and Mail.ru Internet platforms and large telecom companies.

A list of such resources would be compiled by a government commission and would include “websites, information systems, or computer programs which [enable] the owner to collect information about users located in [Russia].” The commission would be authorized to grant exemptions from the 20% foreign ownership limit.
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Tags: State Duma (7) / Internet companies (2) / foreign ownership (0) / draft amendments (0) /

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