MOSCOW, December 5 (RIA Novosti) - The Russian parliament's committee on energy, transportation and communications has recommended that the lower house approve a bill changing share trading regulations for the country's energy giant Gazprom in the second and third readings, a parliamentary spokesperson said Monday.
The bill aims to liberalize Gazprom's share market removing the 'ring fence' around the company's shares that restricts foreign ownership to 20%. The bill also stipulates that the share in Gazprom owned by the state and state-controlled companies be at least 50% plus one share.
The State Duma is due to consider the bill at a plenary session December 9.
