The transactions were completed by the same corporate group.
"Both companies will be moved under the Russian jurisdiction, they are of a strategic importance for the Russian economy," the statement reads.
The statement also said the move is being taken according to the policy announced by Russian President Vladimir Putin. During his annual address to the Federal Assembly on December 4, Putin called for deoffshorization of the Russian economy. The president also suggested introducing a "guideline on tax on profits of foreign companies" into the Russian tax code.
USM Holdings was established in 2012 to consolidate various assets owned by Usmanov, including Mail.Ru Group, UTV media holding (Disney Russia, Muz-TV and U channels), the Kommersant publishing house, alongside with Megafon and Metalloinvest.
Alisher Usmanov, Vladimir Skoch and Farhad Moshiri are major shareholders of USM Holdings.