Skip to Main Content.
Site navigation
Fidelity.com Home
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
  • Accounts & Trade
    • Portfolio Log In Required
    • Portfolio
    • AccountPositions Log In Required
    • AccountPositions
    • Trade Log In Required
    • Trade
    • Trading Dashboard Log In Required
    • Trading Dashboard Log In Required
    • Active Trader Pro
    • Transfers
    • Cash Management Log In Required
    • Cash Management
    • Bill Pay Log In Required
    • Bill Pay
    • Full View Log In Required
    • Full View
    • Security Settings Log In Required
    • Security Settings
    • Account Features Log In Required
    • Account Features
    • Statements Log In Required
    • Statements
    • Fidelity Alternative Investments Program Log In Required
    • Tax Forms & Information
    • Retirement Distributions Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • New Account Checklist Log In Required
    • Lending Solutions-Line of Credit Log In Required
    • Refer a Friend
  • Planning & Advice
    • What We Offer
    • Build Your Plan
    • My Goals
    • Financial Basics
    • Building Savings
    • Robo Investing Plus Financial Advice
    • Wealth Management
    • Find an advisor
    • Retirement
    • Life Events
    • Saving & Investing for a Child
    • Charitable Giving
    • Philanthropic Consulting
  • News & Research
    • News
    • Wealth Management Insights
    • Watch List Log In Required
    • Quotes
    • Quotes
    • Alerts Log In Required
    • Mutual Funds
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Markets & Sectors
    • IPOs
    • Annuities
    • Learning Center
    • Notebook
    • Notebook
  • Investment Products
    • Mutual Funds
    • Retirement & IRAs
    • Stocks and Trading
    • Crypto
    • Direct Indexing
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Sustainable Investing
    • Cash Management & Credit Cards
    • Managed Accounts
    • 529 College Savings
    • Health Savings Accounts
    • Annuities
    • Life Insurance & Long Term Care
  • Why Fidelity
    • The Fidelity Advantage
    • Planning & Advice
    • Trading
    • Straightforward Pricing
    • Insights & Tools
    • Security & Protection
    • Marketplace Solutions
    • About Fidelity
    • Careers
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
Content and data provided by various third parties and Fidelity − Terms of Use
  • Research >
  • Stocks >
  • News & Events >

Stock Details


  • Snapshot
  • Detailed Quote
  • Advanced Chart &
    Technical Analysis Opens in New Window
  • News & Events
  • Compare
  • Analyst Opinions
  • Research Reports
  • Key Statistics
  • Earnings
  • Dividends
  • Ownership & Insiders
  • Financial Statements
  • SEC Filings

RELATED RESOURCES

  • Stock Research Overview
  • Stock Screeners
  • Markets & Sectors
  • Fidelity Learning Center Opens in New Window
Print Format
Change Text Size:
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

Tech firms request inclusion on Russia's domestic software list -RBC

BY Reuters
— 5:08 AM ET 06/08/2022

(Reuters) - Russian online lender Tinkoff and e-commerce firm Ozon (OZON) are among a handful of companies with some foreign ownership seeking government approval to participate in state tenders and access preferential tax rates, the RBC newspaper reported on Wednesday.

Companies with more than 50% Russian ownership can be included on Russia's register of domestic software, allowing them to take part in state procurement processes and access some benefits in the application of value-added tax.

Moscow's access to technology imports has been strangled by Western sanctions, supply chain issues and companies abandoning the Russian market since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.

Maksut Shadaev, minister of communications and mass media, on Tuesday said the barriers to entry into the register, primarily the 50% ownership threshold, needed to be reduced and the whole process simplified.

"We believe this criterion needs to be changed slightly because we have a lot of Russian companies where less than 50% of shares are owned by Russian citizens, but Russian citizens in fact control the company's activities," agencies quoted Shadaev as saying at a forum on Tuesday.

A letter asking Prime Minister Mikhail Mishustin to support the digital ministry's proposed changes was sent in late May, RBC reported. In addition to TCS-owned Tinkoff and Ozon (OZON), signatories included recruiter Headhunter, real estate database Cian, telecoms firm Vimpelcom and online marketplace Avito.

"For a number of Russian companies which are leaders in the digital economy, which conduct business only in Russia and which, thanks to their successful development, have attracted significant foreign investment, this requirement is a block," RBC quoted the letter as saying.

(Reporting by Reuters)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More HHR News

  • Tech firms request inclusion on Russia's domestic software list -RBC
    Reuters - 4:59 AM ET 06/08/2022
  • Russia freezes trading in up to 14% of U.S.-listed shares on SPB Exchange
    Reuters - 4:08 AM ET 05/30/2022
  • Potanin not planning further Russian banking M&A -Interfax
    Reuters - 7:44 AM ET 05/19/2022
Fidelity Investments. Copyright 1998–2022 FMR LLC. 
All rights reserved. 

  • Terms of Use|
  • Privacy|
  • Security|
  • Site Map 
Close