Russia to take mandatory 25% stake in all foreign investments in Russia's fishing sector
SEAFOODNEWS.COM by Eugen Gerden - Nov. 24, 2014
Moscow - The Russian government has imposed restrictions on the activities of foreign investors in the national fishery industry, through the introduction of a requirement for mandatory coordination with the state acquisition of at least 25% stake in each Russian fishing producer.
The new amendment has already been included in the existing federal law "On Foreign Investments in Business Entities of Strategic Importance". According to the new norm, which has already received an approval from Russian President Vladimir Putin, each of such deals will be subject of approval of state commission on foreign investments.
So far, such approvals were required during the acquisiton only large-scale fishing companies
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