MOSCOW, July 5 (RAPSI) – The State Duma has adopted in the third and final reading a government bill on toughened control over foreign investments in Crimea and Sevastopol, the official database of the parliament’s lower house reads on Wednesday.
According to the bill, foreign investors will be obliged to provide the Federal Antimonopoly Service (FAS) with information on ownership of 5 or more percentages of an economic entity if it has strategic role for Russian defense.
This data must be provided within 90 days after being officially registered in Crimea. Failure to comply with the requirements will result in loss of vote for an investor.