The bill says that any foreign private investor wanting to buy more than a 50 percent share of a company in any of the designated sectors will need approval from a commission composed of economic and security officials.

Foreign state-controlled companies will have to go through the same procedure if they want to acquire more than a 25-percent stake in a Russian company on the list.

The measure still needs upper house approval and the president's signature.

Nikolai Petrov, a scholar at the Carnegie Moscow Center, tells VOA the bill reflects a dramatic change from 10 years ago when Russia actively sought foreign investment. He says state control is key to industrial policy in contemporary Russia.