Press-release of 29.06.2010

On 28th June 2010, the Inter-Branch Working Group for Control over Foreign Investments in the Russian Federation, chaired by Deputy Head of FAS Russia Andrey Tsyganov, discussed the "second package" of amendments to the Federal Law "On Procedures for Foreign Investments in Business Entities of Strategic Importance for National Defence and Sate Security".

The amendments are prepared by FAS Russia that has taken into account proposals and criticism made by the interested ministries and agencies, the Association of European Businesses in the Russian Federation, "Promoting Competition" Non-Commercial Partnership and foreign investors.

The Working Group also discussed a draft Federal law "On Introducing Amendments to the Federal Law "On Procedures for Foreign Investments in Business Entities of Strategic Importance for National Defence and Sate Security", submitted by a member of the State Duma of the Federal Assembly of the Russian Federation, Mr. Goubkin.

To develop a coherent position on the issues of regulating cable television, print media and communications, it has been decided to form a specialized Working Group within the Inter-Branch Working Group for Control over Foreign Investments in the Russian Federation, which will involve representatives of FAS Russia, the Russian Ministry of Communications and the Federal Service for Control over Communications, Information technology and Mass Media (Roscomnadzor).