A bill on the ‘external control’ of foreign companies that have left the country passes in the first reading Lawmakers have approved a bill allowing Moscow to introduce control over foreign companies’ assets in Russia if their owners have ceased activities in the country “for no apparent economic reasons.” The legislation passed in the first reading in the Russian State Duma on Tuesday. The bill applies to companies in which foreign equities account for 25% or more if they are of ‘major’ significance for the Russian economy. They could be the only supplier of ‘critically important industries’, produce goods of pri
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