The Eurasian Economic Union (EAEU) has thought about limiting the activity of online trading platforms with a participation of foreign capital, writes RBC with reference to the draft agreement on electronic commerce in the EAEU.
The publication learned about the preliminary version, which provides for restrictions on the activities of markets with a participation of foreign capital of more than 49% or more than 1/3 in the governing body. At the same time, the restriction will not affect EAEU member countries.
The Ministry of Economic Development confirmed the authenticity of the document, but did not specify the purpose of the possible innovation. This initiative is currently being discussed with market participants, the ministry explained. According to a source involved in the discussions, the proposed measure is aimed at protecting domestic consumers, as the markets are “vulnerable critical infrastructure.”
In 2016, a law appeared in the Russian Federation, according to which foreigners cannot own more than 20% in the authorized capital of Russian media.
The Eurasian Economic Union is an international organization that guarantees the free movement of goods, services, labor and capital. The purpose of the Union is to contribute to the implementation of a coordinated economic policy of the participating States. The EAEU is made up of Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus.
Author:
Natalia Gormaleva
Source: RB
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