Financial Times FT.com

Russian law curbs foreign investment in key sectors

By Neil Buckley in Moscow

Published: May 6 2008 03:00 | Last updated: May 6 2008 03:00

In one of his last acts as Russian president, Vladimir Putin yesterday signed a long-awaited law restricting foreign investment in 42 "strategic" sectors, including energy, telecoms, mining 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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