Investing in Russian Businesses of National Strategic Importance

    View Author February 2009
    Federal Law No. 57-FZ, “On Procedures for Making Foreign Investments in Commercial Entities of Strategic Importance for Defense Support and National Security” (Strategic Investments Law), dated April 29, 2008, establishes procedures and limitations applicable to non-Russian entities seeking to acquire equity in, or control of, Russia-based companies conducing business of national strategic importance (Strategic Companies). Any approvals required under the Strategic Investments Law are in addition to approvals that may be required under Federal Law No. 135-F3, “On the Protection of Competition” (see Asset and Share Acquisitions in Russia). This publication defines “Strategic Companies” under the Strategic Investments Law and the types of transactions subject to preliminary approval.