By Angela Haggerty

A law has been passed in the Russian parliament preventing foreign investors from owning more than a 20 per cent slice in any Russian media outlets.

According to the Guardian, the law was passed by a vote of 430-2 and will take effect from the beginning of 2016, although existing media owners have until February 2017 to make sure their affairs are in order.

So far, Russian Forbes editor Elmar Murtazayev has speculated that the publication will close in Russia rather than sell to a Russian owner in order to continue operating.

Previously, foreign investors and companies could hold a 50 Read full story ›

Source: The Drum