Published: 27 February, 2008, 12:17
Edited: 27 February, 2008, 12:17
Russia's Federal Security Service – the FSB – will not be able to stop foreign companies from buying into Russian ones under a new law going through parliament.
According to the Vedemosti Newspaper, the FSB wanted the power to veto a purchase if it considered there was a threat to Russia's security.
But a Kremlin session ruled the security service will only be able to make recommendations. Final decisions will rest with a governmental commission.
The law would allow foreign companies to buy up to a 25 per cent stake of a company in Russia's strategic sectors.