Bloomberg News

Russia May Add Websites, Media to Strategic Asset List

May 30, 2012

Russian lawmakers introduced a bill to add television, radio channels and websites to the list of state strategic assets, according to a statement on parliament’s website.

The lawmakers proposed adding all broadcast media channels and internet websites with more than 20 million users to the list of strategic state assets that may prevent them from selling their shares. Yandex NV (YNDX:US), the owner of Russia’s most-used search engine, and Mail.ru, the largest Russian-language Internet company, both have more than 20 million users, according to data from media researcher TNS Global.

Russia added OAO RusHydro, OAO Rosneft, Federal Grid Co. and OAO MRSK Holding to its list of strategic assets, a move that may preclude the government from privatizing them, Interfax reported, citing a decree by President Vladimir Putin signed May 21.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


Monsanto vs. GMO Haters
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • YNDX
    (Yandex NV)
    • $31.69 USD
    • -0.46
    • -1.45%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus