MOSCOW, September 20 (RAPSI) – A bill specifying a procedure for approval of large-scale deals and also those involving personal interest has been submitted to the State Duma, the Russian government’s statement reads.

The bill points that votes of an entity interested in completion of a deal as well as votes of companies under its control are not registered during a general vote on completion of a deal.

Currently, an entity controlled by another one may be acknowledged as personally interested in a deal only if a controller may directly or indirectly manage over 50% of votes in the controlled entity’s board. If the number drops below 50% no personal interest is acknowledged.