Advanced Search

On Public Domestic Debt Of The Russian Federation

Original Language Title: О государственном внутреннем долге Российской Федерации

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
spent power from January 1, 2000 -Federal Law of 09.07.99 N 159-FZ A A C O. N On State Domestic Debt Russian Federation This Law defines the concept, composition of the state OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 1. General provisions 1. The State domestic debt of the Russian Federation is the debt obligations of the Government of the Russian Federation, expressed in the currency of the Russian Federation, (hereinafter referred to as the debt obligations of the Russian Federation) to legal and physical obligations. Unless otherwise stipulated by the legislation of the Russian Federation. 2. The State internal debt of the Russian Federation is ensured by all the assets held by the Government of the Russian Federation. Article 2. The form and composition of the public domestic debt of the Russian Federation 1. Debt obligations of the Russian Federation can be in the form of: loans received by the Government of the Russian Federation; government loans implemented through the issuance of securities on behalf of the Government OF THE PRESIDENT OF THE RUSSIAN FEDERATION 2. The public domestic debt of the Russian Federation consists of the arrears of past years and the newly emerging debt. 3. The debt obligations of the former Soviet Union are included in the public domestic debt of the Russian Federation only in the part adopted by the Russian Federation. 4. The Russian Federation's debt obligations may be short term (up to 1 year), medium term (from 1 year to 5 years) and long term (5 to 30 years). Any debt obligations of the Russian Federation shall be repaid within a period determined by the specific terms of the loan and may not exceed 30 years. 5. The Russian Federation is not responsible for the debt obligations of the national-State and administrative-territorial entities of the Russian Federation, if they have not been guaranteed by the Government of the Russian Federation. " The forms of debt liabilities of the national-state and administrative-territorial formations of the Russian Federation and the conditions of their issuance (extradition) are determined by the relevant bodies of national-state and OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 3. Russian Federation 1. OF THE PRESIDENT OF THE RUSSIAN FEDERATION THE RUSSIAN FEDERATION The upper limit of the State internal debt of the Russian Federation is established by the Supreme Soviet of the Russian Federation when the republican budget of the Russian Federation is approved for the coming financial year. 2. OF THE PRESIDENT OF THE RUSSIAN FEDERATION OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 4. Serving public domestic Russian debt 1. The State internal debt of the Russian Federation is maintained by the Central Bank of the Russian Federation and its institutions, unless otherwise determined by the Government of the Russian Federation, through the implementation of the placement operations. OF THE PRESIDENT OF THE RUSSIAN FEDERATION 2. The expenses of the placement, refinancing, payment of income and the repayment of debt obligations of the Russian Federation are carried out at the expense of the republican budget of the Russian Federation. Article 5. The state of the domestic debt of the Russian Federation is monitored by the Supreme Council of the Russian Federation. Article 6. The Government of the Russian Federation publishes data on the state internal debt of the Russian Federation on a yearly basis no later than May this year. THE RUSSIAN FEDERATION President of the Russian Federation Yeltsin Moscow, House of the Russian Federation November 13, 1992 N 3877-I