Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
Key facts about ExxonMobil and its business in RussiaBusiness & Economy July 21, 18:14
Nemtsov’s daughter appeals against verdict on her father’s murder with Supreme CourtSociety & Culture July 21, 18:03
Chinese Navy warships arrive in Russian Baltic port for joint drillsMilitary & Defense July 21, 17:57
This week in photos: Putin’s binoculars, Macron's hug and Berlin’s welcome for UK heirsSociety & Culture July 21, 17:43
Putin discloses his code name at intelligence schoolSociety & Culture July 21, 17:39
The amendments were presented to the State Duma, the parliament’s lower house, by deputies Vadim Dengin from the Liberal Democratic Political Party (LDRP), Vladimir Parakhin from the Just Russia party and Denis Voronenkov from the Communist Party (KPRF).
At present, a foreign legal entity or a Russian legal entity, in which a foreign firm owns 50% and more, are not authorized to set up television and radio channels. They must not act as founders of Russian companies, if they broadcast in more than a half of the country’s 85 regions. The bans concern foreign citizens or the Russians with dual citizenship.
The main novelty in the amendments is the ban for foreigners to own over 20% in Russian mass media, manage them or control directly and indirectly. The current law allows vicarious ownership by foreigners of television and radio companies through a chain of Russian legal entities.
The probability of adoption of the amendments is very high, according to a source close to the State Duma’s high-ranking officials.
At present, only two foreign investors work in the Russian terrestrial television: Sweden’s Modern Times Group, which owns 37.9% in Russian television holding CTC Media, and the US’ Walt Disney Co., which bought 49% of the Semyorka channel in 2011 and calibrated it into the Disney channel.
Much more foreign broadcasters are in the thematic television sphere, which uses both cable and satellite means. There are Russian-speaking versions of channels of such companies as Discovery Communications, Viacom and Entertainment Television.