The deal was closed as a consequence of a political decision already made in October 2014. The "law on foreign ownership" limits investments of foreign publishers in Russian media to a maximum of 20 percent and will come into force on 1st of January 2016. Companies have time until February 2017 to implement the demanded restrictions. Previously, foreigners could own a stake of up to 50 percent of a Russian broadcaster while there were no restrictions for print and online media.
Russian officials argue that the law was necessary to protect the state's inner security but critics consider it as another attack on freedom of press in Russia. Furthermore, by pushing foreign competitors out of the market, Russia would strenghten the position of domestic media in terms of market and advertising shares. Money earned in Russia would stay in Russia.