RUSSIA: GOVERNMENT ADOPTS RESOURCE-DEVELOPMENT BILL.(Brief Article) IPR Strategic Business Information Database | March 20, 2005 | COPYRIGHT 2005 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

The cabinet on 17 March approved a draft bill on the exploitation of subsoil natural resources, which will now be forwarded to the State Duma, Russian and international media reported. Although the new bill increases hurdles for foreign companies seeking development licenses, it avoids an outright ban on the participation of foreign companies in such projects. Under the measure, foreign companies will have to register Russian legal entities to bid for and take responsibility for licenses. The bill also bans foreign companies from bidding on resource deposits that are ...

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