The Commission was established under the Federal Law On the Procedure for Facilitating Foreign Investment in Legal Entities Having Strategic Importance for National Defence and State Security. The Commission oversees foreign investment in legal entities that have strategic importance for national defence and state security.

The Commission has the following responsibilities:

• preliminary coordination of deals entailing the imposition of control over strategic legal entities by a foreign investor or a group of private individuals and legal entities comprising a foreign investor;

• coordinating the imposition of control over strategic legal entities by a foreign investor or a group of private individuals and legal entities comprising a foreign investor or denying such coordination.