MOSCOW (Reuters) - The CEO of Russia's largest internet firm, Yandex, said on Friday the company was "actively engaged in discussions" around a draft law limiting foreign ownership in major IT companies to just under 50%.
The original proposal was to cap non-Russian ownership at 20%, but Arkady Volozh said the government seems to have taken concerns expressed on board.
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"In its original form, it was very damaging, not just to us, but to the entire technology sector in Russia, and probably beyond," said Volozh.