On State External Loans Of The Russian Federation And Government Loans Provided By The Russian Federation To Foreign States, Their Legal Entities And International Organizations

Original Language Title: О государственных внешних заимствованиях Российской Федерации и государственных кредитах, предоставляемых Российской Федерацией иностранным государствам, их юридическим лицам и международным организациям

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Spspent power-Federal Law of 09.07.99 N 159-FZ RUSSIAN FEDERATION FEDERAL LAW About Russian Federation external borrowing and state credits granted Russian Federation to foreign states, their legal entities and international organizations adopted by the State Duma on 7 December 1994 approved by the Federation Council on 17 December 1994 Article 1. State external borrowings of the Russian Federation State external borrowings of the Russian Federation are attracted from foreign sources (foreign States, their legal entities and International organizations) credits (loans) that raise public financial obligations of the Russian Federation as a financial borrower or guarantor of repayment of such loans (loans) by other borrowers. State external borrowings of the Russian Federation form the state external debt of the Russian Federation. Article 2: Government loans provided by the Russian Federation to foreign states, their legal entities persons and international organizations The Russian Federation foreign States, their legal entities and international organizations are loans (loans) for which foreign States, their legal entities and international organizations have financial obligations to them. The Russian Federation as a creditor. These state loans form the state foreign (foreign) assets of the Russian Federation. Article 3. The contractual and legal basis for public external borrowing of the Russian Federation and the provision of State loans by the Russian Federation State external borrowings of the Russian Federation; and The Russian Federation provides State loans to foreign States, their legal entities and international organizations by the Government of the Russian Federation on the basis of international treaties, civil agreements OF THE PRESIDENT OF THE RUSSIAN FEDERATION THE RUSSIAN FEDERATION Such treaties and agreements, including the granting of guarantees on loans (loans), may also be made on behalf of the federal executive authorities or on behalf of Russian legal entities, if they are authorized to do so OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 4. The size limit for public external borrowing of the Russian Federation and the limit the size of government loans provided by the Russian Federation The Russian Federation's external borrowing is the annual maximum amount of the use of loans (loans) specified in Article 1 of this Federal Law for the coming fiscal year. The limit on the size of public external borrowing of the Russian Federation generally does not exceed the annual volume of payments for servicing and payment of the principal amount of the state external debt of the Russian Federation. The limit of State loans granted by the Russian Federation is the maximum amount approved annually by the federal law for the federal budget for the allocation of public funds. Loans (loans) referred to in article 2 of this Federal Act for the forthcoming fiscal year. In the limits of public external borrowing of the Russian Federation and public loans provided by the Russian Federation, credits and borrowings are not taken into account in relations with other States Parties. Commonwealth of Independent States. The federal budget law defines the amounts of such loans and borrowings. The Government of the Russian Federation, together with the Government of the Russian Federation, shall submit proposals on limits on the limits of public external borrowing of the Russian Federation and limits on public credits granted by the Russian Federation. Federal Law on the federal budget for the coming fiscal year. The proposals include a programme prepared by the Government of the Russian Federation for public external borrowings of the Russian Federation and the Russian Federation's public loans for the corresponding year, with emphasis Credit (loans), each of which exceeds the equivalent of US$ 100 million. United States dollars. Article 5. Changes in the limit of the size of the Russian Federation's public external borrowing and the limit size of the state of the loans provided by the Russian Federation. International Loans Treaties (loans) subject to ratification International treaties and civil law agreements, including the provision of loan guarantees (loans) required by An increase in the size limit approved under article 4 of this Federal Act may be entered into only after the relevant changes have been made to the federal law approved by these limits. The International Contract for the receipt or provision of a public loan (loan), including the granting of guarantees on such a loan (loan), is subject to ratification if: (loan) is not included in the programme referred to in article 4 of this Federal Act, and the financial means employed or provided on it exceed the equivalent of US$ 100 million. or the execution of such a treaty requires an increase in the size limit approved in accordance with article 4 of this Federal Law; Ratification is required on other grounds provided for in the law. OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 6. The Unified System of Accounting and Registration of State external borrowings of the Russian Federation and State loans provided by the Russian Federation in the Russian Federation operates OF THE PRESIDENT OF THE RUSSIAN FEDERATION OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Government of the Russian Federation determines the procedure for recording and recording such borrowings and state credits. Article 7. Entry into force This Federal Law shall enter into force on the date of its official publication. President of the Russian Federation B. Yeltsin Moscow, Kremlin 26 December 1994 N 76-FZ