MOSCOW, June 18 (RAPSI) - The Federation Council, Russia's upper house of parliament, on Wednesday passed a bill on granting citizenship to foreigners who invest more than 10 million rubles ($287,278) in Russia, or who have a Russian diploma and have worked here for at least three years.

As previously reported, self-employed entrepreneurs who have worked in Russia for at least three years with annual business revenue of more than 10 million rubles, as well as investors who own at least 10% of a Russian company with the charter capital of at least 100 million rubles ($2.9 million), can apply for Russian citizenship.

Under the bill, this procedure can also be used by foreign students who received a Russian diploma as of July 1, 2002 and have worked in Russia for at least three years before applying for citizenship.