By Bernama,
Moscow : The Russian government will consider the issue of setting up a commission for control over foreign investments, Itar-Tass quoted the government press service as saying on Monday.
According to the law on access of foreign investors to strategic sectors, the Commission who is headed by the Russian Prime Minister, will review requests on preliminary coordination of transactions, which result in the establishment of the foreign investor’s control over strategic companies.
The commission will also make decisions on preliminary coordination of transactions or on coordination of the establishment of control, as well as on refusing such coordination, the Russian news agency reported.
This body, in the cases stipulate by law, will determine the list of the applicant’s commitments, and make decisions on changing the terms of agreements on meeting the undertaken obligations.
The law names 42 kinds of activities of strategic significance for national security and defense capability, which includes the development, production, repairs and utilization of armaments and military equipment, aircraft, gas transportation via pipelines, railroad shipments, operation-dispatching management in power generation, and services to use the infrastructure of inland waterways.
The strategic group includes economic entities with a share on the market of certain goods that exceeds 35 percent, or companies that hold the dominating position on these markets in a certain territory.
Under the law, television and radio broadcasting are also of strategic importance, as are geological surveys, prospecting and mining in the fields of federal significance.
The Russian Ministry of Industry has been instructed to submit a draft resolution endorsing the provision on the commission and its members.