The Government Commission on foreign investments granted preliminary approvals for 8 transactions

The announced volume of secured foreign investments in the projects petitioned to FAS is around US$ 2.5 billions

On 13 July 2017, the Government Commission on control over foreign investments in the Russian Federation preliminary improved 8 transactions of foreign investors.

According to Deputy Head of FAS Department for Control over Foreign Investments, Natalia Yelnikova, the total sum of foreign investments in strategic sectors of Russian economy as a result of completing the transactions is slightly less than US$ 2.5 billions.

“Then Commission discussed Canadian and Austrian investors acquiring Russian infrastructure projects and societies involved in subsoil use”, pointed out Natalia Yelnikova. “Preliminary approvals are granted for “Novaport” joining the equity capital of “Mineralnie Vody” and “Kaliningrad” airports, the business plans of these companies include serious investment programmes, particularly, under the frame of preparing for the Football World Cup.  The Commission did not consider transactions with regard to “Novomet” and “EDC” since the petitions had not been submitted to FAS under No. 57-FZ Federal Law, and if submitted they will be considered in accord with the established procedure”.