
Yesterday, the State Duma
received a draft law “On Amendments to Article 10
4 of the Federal Law“ On Information, Information Technologies and Information Protection ””.
The bill prohibits foreigners and persons with foreign participation to own news aggregators. And those legal entities where foreigners indirectly control more than 20% of shares or shares should not control, manage, or in any way influence the management of the news aggregator.
If the bill is adopted, then the Yandex.News service is threatened with a ban on working in Russia. The only way out is to change the owner. For example, go under public administration.
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On the photo: Arkady Volozh, founder and main shareholder of Yandex, has citizenship of Russia and Malta.Excerpt from the text of the bill (significant moments)1) a foreign country, an international organization, as well as an organization under their control, a foreign legal entity, a Russian legal entity with foreign participation, a foreign citizen, a stateless person, a citizen of the Russian Federation who has the citizenship of another state, in aggregate or individually, may not act as the owner of the news aggregator;
2) a foreign country, an international organization, as well as an organization under their control, a foreign legal entity, a Russian legal entity whose foreign participation share in the authorized capital is more than 20 percent, a foreign citizen, a stateless person, a citizen of the Russian Federation who has another citizenship States collectively or individually, is not entitled to ownership, management or control, directly or indirectly (including through controlled entities or by Laden in aggregate more than 20 percent (shares) of any person) in respect of more than 20 percent (shares) in authorized capital, a party (member shareholder) owner news aggregator.
3) the persons specified in clause 1 of this part are not allowed to establish any other form of control over the owner of the news aggregator, as well as over the persons who are participants (members, shareholders) of the owner of the news aggregator, as a result of which these persons acquire the opportunity directly or indirectly own, manage the owner of the news aggregator, control it, as well as actually determine its decisions;
4) in the event of non-compliance with the requirements of this article, persons who are participants of the news aggregator’s owner are not entitled to exercise the rights provided for in paragraphs two to six of clause 1 of Article 65 of the Civil Code of the Russian Federation. The votes belonging to these persons are not taken into account when determining the quorum of the general meeting of participants (members, shareholders) and when counting votes;
5) any transactions that lead to the violation of the requirements of this part are void ;
It seems that the bill was specially created against the news aggregator Yandex.News, which is currently the largest news service of the Russian Internet. It is owned by foreigners for more than 85%,
write Vedomosti.
The explanatory note to the bill states: “The owners of news aggregators, like the media and the owners of audiovisual services, perform an important public function: they disseminate publicly available information to a wide audience. These subjects regularly have an informational impact on the population of Russia, therefore, the Russian legislation should make similar demands on them ... The restrictions introduced by the Project are proposed in order to prevent a threat to public order in Russia and thereby create favorable conditions for the development of civil society. ”
The authors of the draft law consider that “the formation and strengthening of a civil society in democratic states is impossible in the absence of independence of persons disseminating news information, including independence from the policies of foreign states and persons under their control”. Therefore - for the development of civil society - and a ban on foreign participation in the media, and now in the news aggregators.
The draft provides that the owners of news aggregators, included in the register of news aggregators prior to the entry into force of the proposed law, are obliged to bring their constituent documents into compliance with the requirements no later than six months from the date the law enters into force.
Sanction for non-fulfillment of requirements - restriction of access to the news aggregator in the territory of the Russian Federation by telecom operators.
Meanwhile, Yandex shares
broke through the bottom : yesterday, the market closed at 1,755 rubles, which is 25% lower than October 18, when information appeared about the purchase of a controlling stake by Sberbank and the transfer of Yandex under state administration.

Now you will not envy employees of the company (option owners) if there is a moratorium on the sale of shares.
Recall that earlier Arkady Volozh
refused to sell his stake in Yandex, and without it, it would be difficult for the state to get a controlling stake. Volozh currently owns Class B shares, representing 48% of the voting share and 10% of the economic share in the company’s capital. The co-founders and first employees of Yandex, including Arkady Volozh, jointly own 57% of the voting share.
Several sources have previously
reported that Sberbank is negotiating the purchase of Yandex shares. According to the source, at least two options of the transaction are being considered:
- obtaining by the state bank of actual control over the company (with the help of voting shares);
- purchase at least 20% of the shares.
In a comment to Vedomosti, the fact of the negotiations was confirmed by a federal official and a person who knows this from another federal official. One of them said that Sberbank is not the only contender for the purchase of Yandex.
Until now, Sberbank owned only a “golden share”, which gives the right to veto the sale of more than 25% of Yandex shares. Sberbank acquired the "golden share" in 2009 for 1 euro. Since then, the cooperation of partners has developed: first, a joint venture Yandex.Money was launched, then German Gref joined the board of directors of Yandex, and last year the partners launched the online store Beru on Yandex.Market.
The idea of transferring “Yandex” to the state administration has been repeatedly expressed by officials and security officials. Meetings on this topic were held at the highest level. The reason is a large media activity and the inability to control the system, says a person who knows about this from another official. “There is a process [of taming Yandex”, ”he concluded.
“For us professionals, it has long been obvious that cyberspace should be under the control of the competent authorities. Without this, it is impossible to guarantee the proper provision of information security and successfully counter modern terrorist threats, ”
said recently the deputy head of the FSB of Russia, Sergey Smirnov, without reference to Yandex.
“If the law is adopted, the board of directors of the company will consider possible options for restructuring the news service, taking into account the requirements of the law,” said Ilya Grabovsky, a spokesman for Yandex, in a
comment to RBC.
Someone may get the impression that “operation Vk 2.0” is underway, and the authorities are “spinning” Yandex company with all available means.
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