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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

US set to tighten scrutiny of Russian investment

Posted on 23 August 2008

From FT.com: Investments by Russian companies and sovereign wealth funds into the US are likely to face tougher scrutiny in Washington in the wake of the country’s conflict with Georgia, experts predict.

The article adds that, “Gazprom, the energy giant majority-owned by the Russian government, said in June that it was considering building its presence in the US through acquisitions. Any attempt by Gazprom to invest in the US was already likely to be closely examined by the Committee on Foreign Investment, or Cfius, the executive branch agency that investigates sensitive deals on national security grounds. But Cfius is now likely to view such a transaction even more sceptically… Full article: Source


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