FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov
MOSCOW (Reuters) - A draft law proposing to limit foreign ownership in 'significant' Russian technology firms to 20% is not aimed at making its top search engine Yandex state-owned, the lawmaker behind the idea, Anton Gorelkin, said.
The draft law, submitted to Russia's lower house of parliament, the Duma, in late July, proposes limiting foreign ownership in internet firms to 20% if they are considered by a special commission to be a "significant source of information".
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