Advanced Search

On Amendments To The Federal Law "on The Development Bank" And Article 970 Part Two Of The Civil Code Of The Russian Federation

Original Language Title: О внесении изменений в Федеральный закон "О банке развития" и статью 970 части второй Гражданского кодекса Российской Федерации

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
RUSSIAN FEDERATION FEDERAL LAW On amending the Federal Law "On Development Bank" and Article 970 of Part Two of the Civil Code Russian Federation Adopted by the State Duma on June 19, 2015 Approved by the Federation Council on June 24, 2015 Article 1 Article 1 Amend the Federal Law dated May 17, 2007, N 82-FZ "About the Development Bank" OF THE PRESIDENT OF THE RUSSIAN FEDERATION 2562; 2009, N 52, sect. 6416; 2011, N 1, article 49; N 29, Art. 4291; N 30, est. 4584; N 45, est. 6335; 2014, N 30, sect. 4241) the following changes: 1) in article 3: a) in Part 3: paragraph 8 should be restated as follows: " 8) provides financial and warranty support for the export of industrial products (goods, works, ), as well as financial, insurance, guarantee and other support for the export of industrial products (goods, works, services) provided for by this Federal Law and other regulatory legal acts; "; , paragraph 14 of the "investment projects and projects for export contracts of Russian companies" "replace" with "investment, export and other projects"; , paragraph 20, to be repealed; to supplement paragraphs 24 to 26 with the following: " 24) participates in the implementation of investment projects (including abroad) aimed at increasing the competitiveness of the Russian Federation's economy, including in the area of agro-industrial complex and high-tech products; 25) participates in projects implemented by the Russian Federation The Federation within the framework of the promotion of international development; 26) participates in the provision of financial and guarantee support for the sale of industrial goods (goods, works, services) produced in the territories of foreign countries, provided that the share of Russian components in the mentioned goods (work, services) is not less than 30 per cent of its cost (including the cost of performing related works (services), technologically induced (necessary) and intrinsically linked to the production of such goods (work, services). "; (b) Part 6-9 is void; 2) to supplement the article 3-1, to read: " Article 3-1. Implementation of export support functions 1. The export support functions provided for in article 3 of this Federal Law are carried out by Vnesheconombank, the Russian Export Centre (hereinafter referred to as the Russian Export Centre), and joint-stock companies. "Russian Agency for Export Credit and Investment Insurance", State Specialized Russian Export-Import Bank (JSC) and its subsidiaries. 2. The functions of the financial, insurance, guarantee and other export support provided for in article 3 of this Federal Law are carried out by Vnesheconombank and the Russian Export Centre, whose shares belong to 100% of the shares. Vnesheconombank, in accordance with this Federal Law, acts of the Government of the Russian Federation, decisions of the authorized bodies of management of these organizations. 3. The rights of the Russian Export Centre's shareholders are implemented by Vnesheconombank on the basis of decisions of the Vnesheconombank's supervisory board. The authorized capital of the Russian Export Centre is formed in the size and order of the Supervisory Board of Vnesheconombank. 4. Vnesheconombank coordinates the activities of the Russian Export Centre, the Joint-Stock Company "Russian Agency for Export Credit and Investment Insurance", the State Specialized Russian Export and Import Bank (joint-stock company) for export support. 5. Members of the boards of directors (supervisory boards) of the Russian Export Centre and its subsidiary companies are entitled to combine their membership in the boards of directors (supervisory boards) of the Russian Export Centre and (or) its subsidiaries In the Russian Federation, the Russian Federation is a party to the Convention on the Law of the Sea. 6. The Director General of the Russian Export Centre is appointed and dismissed by the General Shareholders Meeting of the Russian Export Centre. 7. The Accounts Chamber of the Russian Federation and other State bodies, in accordance with the legislation of the Russian Federation, supervise the activities of the Russian Export Centre. 8. The Russian Export Centre in the order established by the Government of the Russian Federation: 1) participates in the implementation of public policy in the field of development and export support, including the promotion of the implementation of the State and other projects involving the export of goods (work, services); 2) provides information and advisory support to exporters, Russian investors investing outside the Russian Federation THE RUSSIAN FEDERATION, their foreign counterparts on the respective transactions, Russian and foreign credit organizations, as well as other organizations providing financial support to these persons; (3) organize access by Russian exporters and other interested persons to information on measures Export support as well as the activities of the authorized bodies of the State authorities of the Russian Federation and the State authorities of the constituent entities of the Russian Federation in the field of export support; 4) provides assistance to activities of non-profit organizations representing the interests of 5) assists in the promotion of industrial products (goods, works, services) abroad, including the promotion of exhibition, fair trade, marketing and other activities, OF THE PRESIDENT OF THE RUSSIAN FEDERATION exports; 7) Implement Activities to support exports. 9. The procedure for cooperation between the Russian Export Centre and the federal executive authorities, the State Atomic Energy Corporation Rosatom, including the preparation of draft federal laws and other regulatory legal acts The Russian Federation on the exercise of the functions and powers of the Russian Export Centre, as provided for by this Federal Law, the acts of the Government of the Russian Federation and the Statute of the Russian Export Centre, shall be established. The Government of the Russian Federation. 10. Joint-stock company "Russian Agency for Export Credit and Investment Insurance" in the order established by the Government of the Russian Federation: 1) provides insurance for export credits and investments from business enterprises. and (or) the political risks of exporters, Russian investors carrying out investments outside the territory of the Russian Federation, their foreign counterparts on the relevant transactions, Russian and foreign credit institutions engaged in Loan of related transactions, as well as other organizations that provide financial support to designated persons; 2) ensures the performance of foreign counterparty obligations in the export and execution of investments outside the Russian Federation, including through the issuance of independent OF THE PRESIDENT OF THE RUSSIAN FEDERATION by the Government of the Russian Federation; 3) carries out other activities to support exports. 11. Joint-stock company "Russian Agency for Export Credit and Investment Insurance" carries out activities for insurance of export credits and investments in accordance with the requirements of this Federal Law, the order of implementation Activities relating to insurance of export credits and investments from business and (or) political risks provided for in Part 10 of this Article and general provisions of civil law of the Russian Federation. 12. Article 927, paragraph 1, article 929, paragraph 1, article 933, paragraph 1, article 938, article 942, paragraph 1, article 942, paragraph 1, article 943, paragraph 1, do not apply to insurance of export credits and investments against business and/or political risks. Articles 944, paragraphs 2 and 3, 950 and 956 of Part Two of the Civil Code of the Russian Federation. 13. The Russian Agency for Export Credit and Investment Insurance is not subject to the provisions of the legislation of the Russian Federation on the organization of the insurance business. "Russian Agency for Export Credit and Investment Insurance" is engaged in the activity of insurance of export credits and investments without obtaining a permit (license). 14. The procedure for the implementation of export credit insurance and investment from the business and (or) political risks provided for in Part 10 of this Article, in particular, is defined by: 1) the requirements for rules Insurance, including claims to the parties to the insurance policy and beneficiaries, insurance, insurance premiums, insurance premiums, insurance risks, insurance, insurance, liability insurance, and the obligations of the parties, the Contract for the Execution, Termination and Dissolution of the Insurance Contract the liability of the parties; 2) the requirement to ensure the financial sustainability of the joint-stock company "Russian Agency for Export Credit and Investment Insurance", including the formation and use of the insurance fund, other funds and "Russian Agency for Export Credit Insurance and Investment Insurance" in connection with the provision of financial support to Vnesheconombank in the form of guarantees and (or) in other forms, and and State support in accordance with the budget OF THE PRESIDENT OF THE RUSSIAN FEDERATION Export credit and investment insurance ". 15. State specialized Russian export-import bank (joint-stock company): 1) finances exporters, Russian investors who invest outside the territory of the Russian Federation, Foreign counterparties to relevant transactions, Russian and foreign credit organizations, as well as other organizations providing financial support to these persons; (2) ensure the fulfillment of the obligations of Russian exporters, of their foreign counterparts in the relevant transactions, Russian and foreign credit institutions providing credit to the relevant transactions, as well as other organizations providing financial support to these persons, including through the issuance of bank guarantees, the conclusion of contracts Sponsorship and other means; 3) performs other activities to support exports. 16. Russian Export Centre, Joint Stock Company "Russian Agency for Export Credit and Investment Insurance", State Specialized Russian Export-Import Bank (JSC) is entitled to act as grantees. OF THE PRESIDENT OF THE RUSSIAN FEDERATION implementation of State export support measures, The functions of the agent of the Government of the Russian Federation on state guarantees under the federal law on the federal budget are excluded. 17. Joint-stock company "Russian Agency for Export Credit and Investment Insurance", State Specialized Russian Export-Import Bank (JSC), as well as other economic entities to which it is a party The Russian Export Centre may be the only participant in another economic society consisting of one person. 18. In the name of the Russian Export Centre, the Joint-Stock Company "Russian Agency for Export Credit and Investment Insurance" and the State Specialized Russian Export and Import Bank (joint-stock company) The inclusion of the official name "Russian Federation" or "Rossiya", as well as the words derived from this name. "; Vnesheconombank, in a manner determined by the supervisory board Vnesheconombank includes a report on the activities of the Russian Export Centre. " Article 2 Article 970 of Part Two Article 3 Paragraph 2 of Article 4 of the Federal Law of 18 July 2011 N 236-FZ "On amendments to selected legislative measures" OF THE PRESIDENT OF THE RUSSIAN FEDERATION 44,584) to be declared null and void. Article 4 1. This law shall enter into force on the date of its official publication. 2. According to the decision of the Supervisory Board of Vnesheconombank, 100% of shares of the Russian Agency for Export Credit and Investment Insurance Agency and the State Tax Service of the Russian Federation The Russian Export and Import Bank, a specialized Russian export-import bank, is implementing the rights of the shareholders in the said joint-stock companies and managing their activities on the basis of the relevant contracts. President of the Russian Federation Vladimir Putin Moscow, Kremlin June 29, 2015 N 185-FZ