Min says opposes bill capping foreigners’ stakes in Internet giants - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Min says opposes bill capping foreigners’ stakes in Internet giants

KRANJSKA GORA, Slovenia, Jul 29 (PRIME) -- Russian Digital Development Minister Konstantin Noskov firmly opposes a draft law limiting foreign ownership in Russian Internet giants, he told PRIME on July 27.

“These companies exist because the government did not press them too hard in the past. I think that it must not do it now either, there is no point. This is why we’ll consider the bill separately, when it arrives to the government. I am strongly against this on the level of an idea,” he said.

On July 26, the State Duma, parliament’s lower chamber, received a bill on important information resources limiting foreign ownership in such firms at 20% of voting shares. Author of the draft law said that it covers the IT companies focused on the Russian market, including Yandex and Mail.ru.


29.07.2019 08:23
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6761 +0.0037 15 nov
USD 64.2101 +0.0092 15 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1436.98 -0.06 18:50 14 nov
micex 2922.45 -0.39 18:50 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 248.34 -1.37 18:49 14 nov
lkoh 6084.50 +0.57 18:49 14 nov
rosn 457.30 -0.48 18:49 14 nov
sber 237.50 +0.12 18:49 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.3650 -0.4200 14:59 14 nov
USDTD 64.1300 -0.2525 17:44 14 nov