Russian Federation

Russian Federation

Prohibits foreign investors from owning a Russian news aggregator

31 Jul 2023

On 31 July 2023, Federal Law No. 406-FZ “On Amendments to the Federal Law on Information, Information Technologies and Information Protection” entered into force. Among other amendments, the law prohibits any foreign investors from owning a Russian news aggregator. It also bans the use by Russian public bodies, including State-owned enterprises, of any foreign software and other informational systems.

  • Type:
    • Entry and establishment (Ownership and control)
  • Industry:
    • Services (Publishing, audiovisual and broadcasting activities, Telecommunications)
  • Sources:
    • pravo.gov.ru, О внесении изменений в Федеральный закон "Об информации, информационных технологиях и о защите информации" и Федеральный закон "О связи", http://actual.pravo.gov.ru/text.html#pnum=0001202307310022, 31 Jul 2023