(Bloomberg) President Vladimir Putin signed a law today curbing foreign ownership in Russian media, shrugging off criticism that the Kremlin is undermining the independent press in a swipe at global publishers and broadcasters.
The law requires Russian media with foreign owners to reduce non-Russian ownership to 20 percent by the end of 2016 after amending constituent documents by February of that year. The Vedomosti daily, published jointly by the Financial Times and the Wall Street Journal, and Axel Springer SE’s Forbes Russia are the biggest independent media outlets in the country. […]
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