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. Last Updated: 07/27/2016

Cabinet to Discuss Strategic Sectors Bill

The Industry and Energy Ministry will propose limiting foreign involvement in 40 industries at Wednesday's Cabinet debate of a draft law, a document prepared by the ministry said Tuesday.

The ministry said in the document that foreign-led firms would face restrictions in production of military equipment, and in the atomic, aircraft and airspace industries.

It will also limit their involvement in developing strategic deposits and their ability to enter the markets of natural monopolies.

There are no such limits at present but the government uses informal ways of putting pressure on foreign firms.

The Industry and Energy Ministry has long been debating which fields should be called strategic.

The ministry's documents said Tuesday that the latest proposal was to qualify as strategic oil fields with reserves of over 70 million tons.

The quantity for gas deposits would be 50 billion cubic meters, for copper 500,000 tons and for gold 50 tons.