On 1 July, the Bill was signed by the Russian President, became Law and was published.
The key provisions are:
- The Law sets forth a range of measures to compel foreign companies operating on the Internet in Russia (Internet companies) to comply with Russian law. Specifically, these include banning a foreign entity from advertising on an information resource, banning payments from being made to it and banning the display in search results, collection and the cross-border transfer of personal data.
- To operate in Russia, owners of information resources with a daily audience in excess of 500,000 Russian users will have to open branches or representative offices or establish Russian legal entities that wholly represent the interests of the parent companies and act as the main channel of communication between them and Russian regulators in the territory of Russia.
Source EY
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