"This approach does not contain any prohibitions for foreign companies and relies on coordination and approval of specific deals in keeping with an established procedure," the ministry said in a press release.
"The bill is based on the concept of licensing and issue of licenses that underlies legislations in countries like the United States, Spain, France, and Finland," the release said.
Earlier, Economic Development and Trade Minister German Gref told a government session that the final version of a new bill was being drafted, but that the Ministry had already coordinated "certain approaches" to the issue with the Ministry of Industry and Energy.
"We will identify a set of industries," Gref said. "For the moment, the list contains 39 types of activities where foreign companies will need [government] authorization to buy controlling shares."
He said the measures were "far more liberal than in other countries, for example, Finland and the United States," and added that the restrictions would concern sectors that account for 2-3% of national GDP.
According to Gref, a "gray mechanism" is currently applied when foreign companies consult the government before buying assets in Russia. The minister called for clear and open regulations of foreigners' access to the country's strategic assets.
He said a special interagency commission would be set up to authorize such deals.
