The foreign owners of magazines distributed in Russia may have to sell their stakes or risk falling foul of a new law introduced by the president, Vladimir Putin, reports the Times.
From 2016, when the law takes effect, non-Russian publishers will be allowed to hold only a 20% stake in Russian publications.
Among the 15 affected companies will be Condé Nast, which publishes Russian-language titles such as Vogue, Tatler and Glamour, Pearson and Rupert Murdoch’s News Corporation.
Putin’s decision is viewed as politically motivated. He is seeking to prevent media organisation from spreading what he regards as anti-Kremlin propaganda following western criticism of his actions in Ukraine.
