Netflix will be not be among companies effected by from a recently enacted Russian law restricting foreign ownership of online video services as, according to government officials, it has fewer than 100,000 subscribers in Russia.

"By our preliminary estimates, Netflix doesn't have a sufficient number of subscribers to be affected by the law," a government source tells The Hollywood Reporter.

The law, enacted on July 1, stipulates that foreign ownership of online video services operating in Russia should be limited to 20 percent stakes, but the restriction only applies to services with a daily viewership of over 100,000.