Russia to decide on foreigners’ participation in strategic mineral exploitation

Publish date: September 23, 2005

The Russian government will this October study proposed amendments to the bill on mineral exploitation.

Among the important issues to be decided is whether foreign companies should be granted permission to take part in exploitation of “strategic mineral resources”. The Russian Ministry of Natural Resources in June this year presented the bill, which includes proposed certain restrictions on foreigners’ right to participate in mineral resources exploitation.

The proposed restrictions especially apply to the mineral resources, which are of “special importance for the military complex and national security”.

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