- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russia Moves Closer to Lifting Foreign Ownership Restrictions

© RIA Novosti . Vladimir FedorenkoRussia’s lower house of parliament
Russia’s lower house of parliament - Sputnik International
Subscribe
Russia’s lower house of parliament on Wednesday gave its final approval for a bill to lift restrictions on foreign ownership of small and midsized businesses.

MOSCOW, July 3 (RIA Novosti) – Russia’s lower house of parliament on Wednesday gave its final approval for a bill to lift restrictions on foreign ownership of small and midsized businesses.

Currently, foreign citizens and legal entities are not allowed to own more than 25 percent of the capital of a Russian company.

The bill seeks to enable foreigners to create small and midsized businesses without any restrictions.

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала