From what I understand this is a provision where companies and services who use encryption in Russia are required to provide the keys to unencrypt the data to t

From what I understand this is a provision where companies and services who use encryption in Russia are required to provide the keys to unencrypt the data to the Russian government or else face fines and other penalties. This seems like a very vague and far-reaching provision. I would imagine this would heavily interfere with 99% of respectable companies who use HTTPS nowadays. And what about all of the storage and messaging services which encrypt data? Would they have to make special provisions for their Russian customers so that the Russian government could have access to the data of those users, while not being able to interfere with the rest of their customer base and data?