Wednesday, May 7, 2008

Russia curbs foreign investment

Russia curbs foreign investment

By Neil Buckley in Moscow

Published: May 5 2008 18:45 | Last updated: May 5 2008 18:45

In one of his last acts as Russian president, Vladimir Putin on Monday signed a long-awaited law restricting foreign investment in 42 “strategic” sectors, including energy, telecoms and aerospace.

Foreign investors have pushed for clarity as the Putin administration has pursued an unofficial policy of re-establishing state control over key sectors and has applied unwritten and often murky rules over what foreigners could invest in.

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