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The President signed the Federal Law On Amendments to Article 6 of the Federal Law on Foreign Investment in the Russian Federation and to the Federal Law On the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defence and State Security.
Under the Federal Law, by decision of the Chairman of the Government Commission on Monitoring Foreign Investment in the Russian Federation, transactions that are made by foreign investors with regards to Russian business entities must be subject to prior approval in accordance with the Federal Law on the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defence and State Security. The law also establishes the legal consequences for deals that violate this requirement.
The list of types of activities that are strategically important for national defence and state security has been clarified and extended. Legal norms that establish the procedure for determining the commitments of foreign investors related to ensuring national defence and state security have been adjusted.
July 19, 2017