After two years of debate Russia's new law governing investment in 42 industries deemed "strategic" got its second and penultimate reading in the Duma on Friday.
The industries range from energy and defence to media and fishing. Foreign investors hope the rules of the game will soon be finalised, as they have been seeking clarity into just how deep and how widely they can burrow into the Russian market. They are also increasingly wary of the growing state role in the world's 10th. biggest economy.
Foreign governments and international organisations are banned from outright ownership of any industry on the strategic list. Non-state investors must get permission to hold an above 50 percent stake.
The rules have been welcomed by some analysts who say they are permissive not prohibitive, and meet investor's demands.
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