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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 20, 2018 No. 706

About approval of requirements (additional requirements) to credit institutions, in which the federal unitary enterprises and economic societies having strategic importance for defense industry complex and safety of the Russian Federation, and also the economic societies which are under their direct or indirect control having the right to open accounts and the covered (deposited) letters of credit and with which such federal unitary enterprises and economic societies, and also the economic societies which are under their direct or indirect control having the right to sign bank account agreements, bank deposit agreements (deposit) and to securities of credit institutions which have the right to acquire such federal unitary enterprises and economic societies, and also economic societies which are under their direct or indirect control, and recognition voided some acts

Governments of the Russian Federation

According to Item 8, paragraphs the first, second and fifth Item 9 of article 24.1 of the Federal law "About State and Municipal Unitary Enterprises" and parts 1 - 1.2 and 1.5 articles 2 of the Federal law "About Opening of Bank Accounts and Letters of Credit, about the Conclusion of Bank Deposit Agreements, Contracts for Maintaining the Register of Owners of Securities by the Economic Societies Having Strategic Importance for Defense Industry Complex and Safety of the Russian Federation and Modification of Separate Legal Acts of the Russian Federation" Government of the Russian Federation decide:

1. Approve the enclosed requirements (additional requirements) to credit institutions in which the federal unitary enterprises and economic societies having strategic importance for defense industry complex and safety of the Russian Federation, and also the economic societies which are under their direct or indirect control having the right to open accounts and the covered (deposited) letters of credit and with which such federal unitary enterprises and economic societies, and also the economic societies which are under their direct or indirect control having the right to sign bank account agreements, bank deposit agreements (deposit) and to securities of credit institutions which have the right to acquire such federal unitary enterprises and economic societies, and also economic societies which are under their direct or indirect control.

2. Recognize invalid:

the order of the Government of the Russian Federation of September 21, 2016 No. 950 "About modification of the order of the Government of the Russian Federation of October 8, 2014 No. 1030" (The Russian Federation Code, 2016, No. 39, the Art. 5670).

3. This resolution becomes effective after 30 days from the date of its official publication.

Russian Prime Minister

D. Medvedev

Approved by the Order of the Government of the Russian Federation of June 20, 2018 No. 706

Requirements (additional requirements) to credit institutions, in which the federal unitary enterprises and economic societies having strategic importance for defense industry complex and safety of the Russian Federation, and also the economic societies which are under their direct or indirect control having the right to open accounts and the covered (deposited) letters of credit and with which such federal unitary enterprises and economic societies, and also the economic societies which are under their direct or indirect control having the right to sign bank account agreements, bank deposit agreements (deposit) and to securities of credit institutions which have the right to acquire such federal unitary enterprises and economic societies, and also economic societies which are under their direct or indirect control

1. Credit institutions, in which the federal unitary enterprises and economic societies having strategic importance for defense industry complex and safety of the Russian Federation, and also the economic societies which are under their direct or indirect control, included respectively in the lists specified in Item 12 of article 24.1 of the Federal law "About State and Municipal Unitary Enterprises" and in part 7 of article 1 of the Federal law "About Opening of Bank Accounts and Letters of Credit, about the Conclusion of Bank Deposit Agreements, Contracts for Maintaining the Register of Owners of Securities by the Economic Societies Having Strategic Importance for Defense Industry Complex and Safety of the Russian Federation and Modification of Separate Legal Acts of the Russian Federation" having the right to open accounts and the covered (deposited) letters of credit and with which such federal unitary enterprises and economic societies, and also the economic societies which are under their direct or indirect control having the right to sign bank account agreements, bank deposit agreements (deposit) shall conform to the following requirements:

a) the size of own means (capital) of credit institution constitutes at least 1 billion rubles and is calculated by technique of the Central bank of the Russian Federation as of the last reporting date;

b) the credit institution is participant of system of compulsory deposit insurance of physical persons in banks of the Russian Federation according to the Federal Law "About Deposit Insurance in Banks of the Russian Federation";

c) the credit institution corresponds to one of the following requirements:

stay under direct or indirect control of the Central bank of the Russian Federation or the Russian Federation;

availability of credit score is not lower than the BBB-(RU) level on national rating scale for the Russian Federation assigned by credit rating agency Analytical Credit Rating Agency (Joint-stock company) and (or) it is not lower than the ruBBB-level on national rating scale for the Russian Federation, appropriated by credit rating agency Joint-stock company "Expert RA Rating agency;

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