From Financier Worldwide, May 2008
By Natalya Morozova and Rob Patterson
Recent moves in the US and Europe to restrict investment by foreign entities in the energy and other markets have not helped the process. However, the position has now been clarified following the Russian State Duma’s approval in April of the much anticipated draft framework legislation regulating foreign investment in strategic industries, as well as a draft bill addressing restrictions on foreign investment in deposits of natural resources that are deemed to be of ‘federal significance’.
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