FAS Russia jointly with other executive bodies, including the FSB, Minpromtorg, FSTEK, Ministry of Natural Resources and the Mayor has prepared a draft federal law "On Amending the Federal Law" On procedure of foreign investment in the business entities of strategic importance to national defense and State security ".

This bill is designed in order to enforce orders of the government commission to monitor foreign investment in Russia and improve the handling of applications and notifications, set the Federal Law "On procedure of foreign investment in the business entities of strategic importance to national defense and national security .

In accordance with the amended transaction to acquire shares (stakes) making up the share capital of the strategic business entity as a result of additional share issue (capital increase), if the volume of foreign investors" rights by order of the voting shares (shares) of such a society is not increases are implemented without prior approval.

The bill includes an increase to 30 days jail term agreements on the performance of foreign investor commitments established a government commission.

In addition, the adoption of this bill will clarify the rights of the authorized body to monitor implementation of foreign investment in the business entities of strategic importance for the proper performance of the functions of information-analytical maintenance of a government commission established by government decree number 510 of! 06.07.2 008, "On the Government Commission on control over foreign investment in Russia."

"Before we have prepared an amendment to the law on foreign investment in strategic sectors of Russia will be transferred to the government, we will hold a series of joint discussions, both with foreign and Russia"s investors. is important for us to hear their views and suggestions on the proposed changes the Act, to remove possible ambiguities in the understanding and application of some of its norms ", - emphasized the head of the FAS Igor Artemyev.
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