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

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102033624

Expired-the Federal law dated 09.07.99 N 159-FZ of the RUSSIAN FEDERATION FEDERAL LAW 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 adopted by the State Duma on December 7, 1994 year approved by the Federation Council December 17, 1994 year, Article 1. Public external borrowing Public external borrowing of the Russian Federation the Russian Federation are attracted from foreign sources (foreign States and their legal and natural persons, international organizations) loans (loans), which raises public financial commitments of the Russian Federation as the borrower of funds or the guarantor repaying such loans (loans) to other borrowers.
Public external borrowing of the Russian Federation form the external public debt of the Russian Federation.
Article 2. Government loans provided by the Russian Federation to foreign States, their legal entities and international organizations by State loans granted by the Russian Federation to foreign States, their legal entities and international organizations, are loans (loans) on which foreign States and their legal and natural persons of international organizations raises financial obligations to the Russian Federation as a creditor.
These State loans form State external (foreign) assets of the Russian Federation.
Article 3. Legal basis of State external loans of the Russian Federation and the Russian Federation granting State loans Public external borrowing of the Russian Federation and the Russian Federation granting government loans to foreign States, their legal entities and international organisations are carried out by the Government of the Russian Federation on the basis of international treaties, civil agreements and guarantees on behalf of the Russian Federation or the Government of the Russian Federation.
Such treaties and agreements, including the provision of guarantees on loans (loans) could also be on behalf of the federal bodies of executive power or on behalf of the Russian legal entities, if they are acting under the authority of the Government of the Russian Federation, executed in the form of its rulings.
Article 4. The size limit on Government borrowing by the Russian Federation and the size limit government loans provided by the Russian Federation Government borrowing limit of the Russian Federation is approved each year in the form of a federal law the maximum amount of use of credits (loans), referred to in article 1 hereof, for the coming fiscal year. The size limit of the public external borrowing of the Russian Federation, as a rule, does not exceed the annual servicing payments and the payment of the principal amount of the public external debt of the Russian Federation.
Limit government loans provided by the Russian Federation, is annually approved in the form of a federal law the maximum amount of federal spending budget, allocated for the provision of State loans (loans), referred to in article 2 hereof, for the coming fiscal year.
To limit the size of Government foreign borrowings of the Russian Federation and government loans provided by the Russian Federation, loans and borrowing are not taken into account in relations with other States members of the Commonwealth of independent States. The amount of such loans and borrowings are defined in the Federal law on the federal budget.
Proposals to limit the size of government borrowing and limit the size of the Russian Federation Government loans provided by the Russian Federation, the Government of the Russian Federation are made at the same time as the draft federal law on the federal budget for the coming fiscal year. These proposals include the Government of the Russian Federation prepared a programme of public external borrowing of the Russian Federation and the Russian Federation provided government loans for the relevant year allocating loans (loans), each of which exceeds an amount equivalent to 100 million. United States dollars.
Article 5. Changes in the size limit of the public external borrowing of the Russian Federation and the size limit on State loans, provided by the Russian Federation.
International agreements on loans (loans) subject to ratification of international treaties and civil legal agreement, including provision of guarantees on loans (loans), which requires an increase in limits, approved under article 4 hereof, may be concluded only after appropriate revisions have been made to the Federal law, which approved these limits.

The international treaty on the receipt or the granting of public credit (borrowing), including guarantees of such credit (loan), shall be subject to ratification in the case: the Treaty provided for a loan (the loan) is not included in the programme referred to in article 4 hereof, and attracted or granted thereon funds exceed an amount equivalent to 100 million. United States dollars;
or the performance of this contract requires an increase in limits, approved in accordance with article 4 of this federal law;
ratification is necessary on other grounds stipulated by the legislation of the Russian Federation.
Article 6. Unified system of accounting for and registration of State external loans of the Russian Federation and government loans provided by the Russian Federation in the Russian Federation there is a unified system of accounting for and registration of State external loans of the Russian Federation and government loans provided by the Russian Federation to foreign States, their legal entities and international organizations, which is administered by the Ministry of Finance of the Russian Federation.
Accounting and registration of these borrowings and State loans shall be determined by the Government of the Russian Federation.
Article 7. The entry into force of this federal law shall enter into force on the day of its official publication.
Russian President Boris Yeltsin in Moscow, the Kremlin December 26, 1994 N 76-FZ