A new draft law proposed to Russian legislators aims to restrict foreign ownership of digital audio-visual services in Russia, potentially threatening the local operations of companies like Netflix.
The draft law, submitted by legislator Andrei Lugovoi, known for his security service background, and Shamsail Saraliyev, stipulates restricting foreign ownership of local online video services to 20 percent of a given company as of July 2017. (The US has similar rules governing, for example, foreign ownership of terrestrial radio stations.)
In the Russian language, the term ‘audio-visual’ is mostly applied to video content, and the legislation is primarily aimed at online video services. Audio streaming services are not specifically mentioned.