Russia pondering clampdown on energy and mineral asset controls
Oct 16, 2006 | 11:06 AM
| Natalia Kassakovich
Russia is mulling tighter controls over its energy and minerals resources by extending the definition of "strategic" resources and revising the rules governing foreign investors in the sector.
The Industry and Energy Ministry has submitted an amended version of proposed legislation to the Russian Duma (parliament) that identifies seven industry sectors to be declared "strategic."
The law will cover oil deposits that contain more than 70 million tonnes of oil and gas deposits with 50 billion cubic meters of gas, as well as copper deposits of more than 500,000 tonnes and gold deposits of more than 50 tonnes.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here