MOSCOW (Pakistan Point News / Sputnik - 16th April, 2020) The Russian government will on Thursday consider a bill increasing the effectiveness of state control over foreign investment in strategic sectors, the cabinet said in a statement.
The draft law introduces amendments to the Federal law "On the procedure for making foreign investments in business entities of strategic importance for ensuring the country's defense and state security."
"The draft law provides for the exclusion of the possibility of non-compliance with the requirements of Russia's legislation on foreign investments by foreign investors when they sign agreements aimed at temporarily transferring the right of a foreign investor to directly or indirectly dispose of voting shares (stakes) of a business entity that is of strategic importance for ensuring the country's defense and state security," the cabinet said.
