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Russians protest the economic depression caused by the reforms with the banner saying: "Jail the redhead!", 1998.. Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors.
Major Russian newspapers with foreign owners include the Vedomosti and SmartMoney owned by Rupert Murdoch's News Corp. [29] A number of American editions (such as GQ) have Russian versions. An October 2014 law limited to 20% the maximum quota of foreign ownership in the Russian media by 2017.
A reduction in foreign ownership limit may reduce foreign investment, but it can help boost revenue for domestic firms and economic development. [21] Government Regulation No. 14 of 2018 limited foreign ownership in insurance companies to 80%. However, this rule is not applied retroactively for insurance companies with foreign ownership higher ...
The deal marked the end of foreign ownership in Russia's leading technology firm, sharply raising the potential for Kremlin oversight of Russia's internet space. But it also released YNV - now ...
A law signed in 2014 restricted foreign ownership stakes in any Russian media assets to 20% by early 2017. [153] As a consequence, in 2015, the German Springer Publishing House sold the Russian edition of Forbes, and Finland's Sanoma sold its stakes in the business newspaper Vedomosti and the English-language publication, The Moscow Times ...
A senior member of Russia's ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in ...
Gazprom is the largest company in Russia. Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources. [2] [3] [4] The World Bank estimates the total value of Russia's natural resources at US$75 trillion.
Russian government ownership of various companies and organizations, collectively known as state-owned enterprises (SOEs), still play an important role in the national economy. The approximately 4,100 enterprises that have some degree of state ownership accounted for 39% of all employment in 2007 (down from over 80% in 1990).