Foreign Holdings To Be Barred From Providing Security Services
The deputy chief of the Department of Public Security of Russia’s Ministry of the Interior announced to journalists that foreign holdings will be barred from providing security services in Russia. This regulation is included in a new draft bill introducing changes to the federal law “On Private Detective and Security Services in the Russian Federation”.
The draft completely bans the use of foreign capital from security services, with an exception made for cases based on intergovernmental agreements.
The deputy chief also said that international security firms are seeking to enter the Russian market, one of the five most dynamically growing markets in Russia. This market is considered part of Russia’s national security interests.
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