The Russian government on Wednesday approved a long-awaited draft law laying out the rules for foreigners seeking to invest in strategically important industries, Russian news agencies reported Wednesday.
Industry and Energy Minister Viktor Khristenko told the cabinet that the draft law would require foreigners seeking to acquire a controlling stake in an enterprise or natural resource deposit which the law defines as strategic to apply to an appropriate state body, reports AP.
Applications would then be approved by a government commission. The president would retain the right of veto in certain cases, Khristenko said.
Ten oil and 26 gas fields have been designated strategic, Natural Resources Minister Yury Trutnev was quoted as saying by the Interfax agency.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year