Foreign investors to be able to obtain up to 49% in strategic fields in Russia
Edited by Rhod Mackenzie / 2015-03-02 06:31:58
China Metals and mining Oil and Gas Russia China Oil and Gas China Metals and Mining Russia Metals and Mining Russia Oil and Gas Gold Gas Oil
In the conditions of a shortage of funds in Russian companies the Government can facilitate the procedure of foreign investors entering the producing projects in the Russian Federation. The Ministry of Natural Resources proposes to allow foreigners to own up to 25% in strategic fields without approval, and to obtain ashare from 25% to 49% on the resolution of the governmental commission. The first recipient of these exemptions may apply to Chinese companies. The Deputy Prime Minister Arkady Dvorkovich even doesn’t see obstacles to give them control.
