Photo: Maksim Blinov / RIA Novosti
The Deputy of the state Duma from “United Russia” Anton Gorelkin introduced in the lower house of Parliament a bill providing for restrictions on foreign ownership of important Russian Internet resources. The initiative is aimed primarily at “Yandex”, writes “Kommersant”.
The document States that the company deemed significant, will need to limit the share of foreign ownership (by individuals directly or through foreign entities) by 20 percent. Otherwise, they will lose the right to place advertising or to promote their own products.
The draft stipulates clear criteria that will determine whether the company is significant. They say only that the decision will have to take the government Commission on the basis of proposals of Roskomnadzor.
However, the author of the bill Gorelkin explained that his initiative is aimed primarily at “Yandex” and should lead to its reorganization. Currently services companies operating in Russia and other countries as separate entities, belong to the head structure of Yandex N. V. registered in the Netherlands. Its largest shareholder is businessman Arkady Volozh owns 10.1 percent of the company’s shares (and 48.4% of the votes). The rest of the paper distributed among foreign investment funds, and traded on the Moscow stock exchange and American NASDAQ.
The news of the introduction of the bill Gorelkina affected the value of shares of Yandex N. V. in the course of the trading session on July 26, she was down 5.88 percent.
Video, photo All from Russia.