Coverage of issues surrounding expropriation of business by the Russian state

Putin Signs Law Curbing Foreign Ownership in Russian Media

The Moscow Times:

According to an official government website, President Putin has signed into law a bill that limits foreign ownership in Russian media assets to 20 percent. This bill has received wide criticism.

The law will affect some of the world’s largest media companies such as Conde Nast, Hearst Corporation and Axel Springer. They will be required to sell off or shut down their Russian assets by Feb. 1, 2017. Sanoma Independent Media – owner of The Moscow Times – will be directly affected.

This bill was passed in under a month despite the industry objections.

Read the full article here.

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