Duma deputies adopted in the first reading a bill limiting the participation of foreign companies in Russian market research…

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What is this for❓

The initiative is aimed at ensuring economic sovereignty , because data on Russian commodity markets (for example, spending patterns, recommended medications) can be used against the interests of the country.

Foreign companies often pursue the goal of discrediting Russia and prioritize foreign products and services, in particular educational activities, note the authors of the bill.

What’s on offer❓

The document stipulates that research companies will have to comply with a number of requirements , including:

🔵 the company must be a Russian legal entity;
🔵 at least 80% of the company’s authorized capital must belong to Russian legal entities or individuals;
🔵 processing of data obtained as a result of the study, their systematization, analysis and storage must be carried out by technical means located in the Russian Federation.

They are also not allowed:
🔵 implementation of restrictive measures against Russia;
🔵 discrediting the country and manipulating data;
🔵 publication of knowingly false data.

The initiative does not apply to research companies with revenues of less than RUB 30 million.

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About the Author

Russian_Village

A survivor of six heart attacks and a brain tumor, a grumpy bear of a man, whom has declared Russia as his new and wonderful home. His wife is a true Russian Sweet Pea of a girl and she puts up with this bear of a guy and keeps him in line. Thank God for my Sweet Pea and Russia.