MOSCOW, June 23 (RAPSI) - President Vladimir Putin has signed a law on granting citizenship to foreigners who invest more than 10 million rubles ($290,537) in Russia, or who have a Russian diploma and have worked in the country for at least three years, the Kremlin press service reports Monday.

As previously reported, self-employed entrepreneurs who have worked in Russia for at least three years with annual business revenue of more than 10 million rubles, as well as investors who own at least 10% of a Russian company with the charter capital of at least 100 million rubles ($2.9 million), can apply for Russian citizenship.

Under the bill, this procedure can also be used by foreign students who received a Russian diploma as of July 1, 2002 and have worked in Russia for at least three years before applying for citizenship.