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Foreigners need no gov't permission to buy Russian banks
RBC, 10.10.2008, Moscow 18:34:07.Acquisitions of Russian banks by foreign investors will not be covered by the law on foreign investment in strategic industries, and thus will not require a go-ahead from the Russian government, head of the Federal Anti-Monopoly Service Igor Artemyev told journalists today, following a meeting of the government commission for foreign investment. He added that the Federal Anti-Monopoly Service would review bids by foreign investors for the acquisition of Russian bank assets as a standard procedure.
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