"The State Duma of the Russian Federation considered a government draft law that removes a number of restrictions on foreign shareholders of Russian media"
The draft law is aimed at the execution of the decision in the case on the constitutionality of Article 19.1 of the Federal Law “On Mass Media” in connection with the complaint of Yevgeny Finkelshtein. Earlier, the billionaire lost his asset on a Russian radio station due to the Law on Mass Media.
Amendments to the document will eliminate the contradictions between certain parts of the law On Mass Media. The document also removes the restrictions, precluding the possibility of exercising corporate rights to the extent not exceeding 20% of such participation, as well as the right to judicial protection.
The draft law applies to foreign states, legal entities and individuals, international organizations, Russian legal entities, the share of foreign participation in the authorized capital of which is more than 20%, stateless persons and Russians who have citizenship of another state.
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