resources to foreign companies. The document was published on the official portal of legal information.
According to the law, only legal entities established in accordance
with the law of the Russian Federation, as well as individual
entrepreneurs, who are citizens of Russia, can be users of national
mineral resources. To continue working in Russia, foreign companies will
have to create legal entities in the Russian Federation and transfer
the rights to use subsoil plots to them. Valid licenses for the right to
use subsoil held by foreigners will be transferred to Russian entities
or returned to the subsoil fund." Tass
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