RUSSIAN FEDERATION FEDERAL LAW On introducing modifications and additions to the Federal Law " On investment activities in the Russian Federation, in the form Capital investment " Adopted by the State Duma on 1 December 1999 Approved by the Federation Council on 22 December 1999 Article 1. Act No. 39-FZ of 25 February 1999 on investment activities in the Russian Federation in the form of capital Russian Federation, the Russian Federation, the Russian Federation, the Republic of Turkey, the Russian Federation, the Republic of Turkey, the Russian Federation and the 1096) the following changes and additions: Article 1 to add the following paragraphs to the following paragraphs: " priority investment project is an investment project, total capital investment meets the requirements OF THE PRESIDENT OF THE RUSSIAN FEDERATION accumulated net profit with amortization The contribution and volume of investment costs are positive; total tax burden is the estimated total amount of cash to be paid in the form of import customs duties (excluding special types) Duties on the application of measures to protect the economic interests of the Russian Federation in the conduct of foreign trade in goods under the laws of the Russian Federation), federal taxes (excluding excises, tax on Value added for goods produced in the territory of the Russian Federation Federation) and contributions to public off-budget funds (excluding contributions to the Pension Fund of the Russian Federation) by an investor carrying out an investment project on the day of the beginning of financing of the investment project. "; Article 2 to supplement the second reading: " This Federal Act does not apply to relations relating to investment in banks and other credit organizations, as well as to insurance organizations which are regulated the laws of the Russian Federation on banks and banking, respectively OF THE PRESIDENT OF THE RUSSIAN FEDERATION State guarantees of the rights of subjects investment activity 1. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Federation guarantees all business entities regardless of their form of ownership: equal rights in investment activities; transparency in investment project discussions; right to appeal against decisions and actions (inaction) of the authorities State authorities, local authorities and their officials; protection of capital investments. 2. In case new federal laws and other regulatory acts of the Russian Federation, which modify the amount of import customs duties (except for special duties caused by the application of measures for the protection of economic interests), come into force OF THE PRESIDENT OF THE RUSSIAN FEDERATION of the Federation) and contributions to public extrabudgetary funds (excluding OF THE PRESIDENT OF THE RUSSIAN FEDERATION The investor to implement the priority investment project on the territory of the Russian Federation or establish a regime of prohibitions and restrictions on the implementation of capital investments in the territory of the Russian Federation, as compared to the total amount of capital investments in the Russian Federation. the tax burden and the regime in force in accordance with the federal OF THE PRESIDENT OF THE RUSSIAN FEDERATION additions to the existing federal laws and other normative legal acts of the Russian Federation shall not apply within the time limits specified in paragraph 3 of this article against the investor carrying out the priority investment project, provided that goods imported into the customs territory of the Russian Federation The investor is used as a target for the implementation of the priority investment project. 3. The stability of the investor carrying out the investment project, the terms and conditions specified in this article shall be guaranteed during the period of return of the investment project, but not more than seven years from the start of financing of the project. The timing of the payback of investment projects depending on their species is determined in accordance with the procedure established by the Government of the Russian Federation. 4. In exceptional cases, when the investor is implementing the priority investment project in the sphere of production or creation of transport or other infrastructure, the payback period of which exceeds seven years. The Government of the Russian Federation shall decide to extend for the said investor the period of validity of the conditions and treatment specified in paragraph 2 of this article. 5. The provisions of paragraph 2 of this article do not apply to amendments and additions to legislative acts of the Russian Federation or to new federal laws and other normative legal acts of the Russian Federation for the purpose of protection. The basic principles of the constitutional system, morality, health, the rights and legitimate interests of other persons, the defence of the country and the security of the state. 6. The Government of the Russian Federation: sets out criteria for assessing changes in unfavorable conditions for an investor carrying out a priority investment project on the territory of the Russian Federation. customs duties, federal taxes and contributions to government extrabudgetary funds, prohibitions and restrictions on the implementation of capital investments in the territory of the Russian Federation; start financing of the investment project, including with participation Foreign investors; approves the order of registration of priority investment projects; monitors the investor's performance of its commitments to implement the priority investment project in time, These are described in paragraphs 3 and 4 of this article. In the event of failure of the investor to fulfil the obligations set out in part one of this paragraph, it shall be deprived of the benefits granted to it under this article. The amount of money not paid as a result of the granting of these privileges shall be surrendered in accordance with the procedure established by the law of the Russian Federation. "." Article 2. This Federal Act shall enter into force on the date of its submission. Official publication. Acting President of the President of the Russian Federation, Vladimir Putin Moscow, Kremlin 2 January 2000 N 22-FZ