Spspent force-Federal Law of 10.12.2003 N 173-FZ RUSSIAN FEDERATION FEDERAL LAW amending some Russian legislative acts, affecting foreign exchange Control Adopted by the State Duma on July 13, 2001 Approved by the Federation Council on 20 July 2001 Article 1. Amend article 6, paragraph 5, of the Russian Federation Law of 9 October 1992 No. 3615 -I on currency regulation and currency control Congress of People's Deputies of the Russian Federation and the Supreme Soviet of the Russian Federation, 1992, 2542; Legislative Assembly of the Russian Federation, 1999, No. 1; N 28, est. 3461; 2001, N 23, sect. 2290), as follows: " 5. 50 percent of the foreign exchange earnings of the residents from the export of goods (works, services, results of intellectual activity) is to be sold through the authorized banks at the market exchange rate of foreign currencies against the currency of the Russian Federation. The internal currency market of the Russian Federation shall not later than seven calendar days from the date of receipt of the said foreign currency proceeds in accordance with the procedure established by the Central Bank of the Russian Federation. The compulsory sale of foreign currency earnings from the export of goods (works, services, intellectual activities) established by this paragraph, as well as the release of residents from compulsory sale The foreign exchange proceeds from the export of goods (works, services, results of intellectual activity) are established by this Law. Article 18 of the Federal Law dated December 29, 1998 N 192-FZ "On priority measures in the field of budget and tax policy" (Russian legislature, 1999, N 1, est. 1; 2000, N 2, est. 144; N 32, sect. 3341), shall be deleted. Article 3. Exchanges of mandatory sale of foreign currency earnings from the export of goods (works, services, results of intellectual activity), as well as the release of residents from the mandatory sale of foreign currency earnings from the export of goods (works, services, The results of the intellectual activity), which were previously established by presidential decrees, are valid until 1 January 2002 and, in cases where the President of the Russian Federation decrees the duration of the said benefits and exemptions, more than 1 January 2002, such benefits and exemptions are valid until OF THE PRESIDENT OF THE RUSSIAN FEDERATION Article 4. The President of the Russian Federation and the Government of the Russian Federation shall, within two months of the entry into force of this Federal Act, bring their normative legal acts into conformity with this Federal Act. The Central Bank of the Russian Federation shall, within two months from the date of the entry into force of this Federal Act, bring its regulations into conformity with this Federal Act. Article 5. This law shall enter into force on the date of its official publication. President of the Russian Federation Vladimir Putin Moscow, Kremlin 8 August 2001 N 130-FZ