Document from CIS Legislation database © 2003-2017 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of May 10, 2017 No. 549

About the state guarantees of the Russian Federation on the credits or bonded loans attracted by legal entities on the purposes established by the Government of the Russian Federation within the measures directed to the solution of pressing tasks on ensuring stability of economic development

The government of the Russian Federation decides:

1. Approve the enclosed Rules of provision of the state guarantees of the Russian Federation on the credits or bonded loans attracted by legal entities on the purposes established by the Government of the Russian Federation within the measures directed to the solution of pressing tasks on ensuring stability of economic development (further - Rules).

2. Determine that within the measures directed to the solution of pressing tasks on ensuring stability of economic development, the state guarantees of the Russian Federation (further-) it are provided to guarantee according to Rules in 2017 on the credits (except for the credits within renewable credit lines) or to the bonded loans attracted by the Russian legal entities selected according to the procedure, established by the Government of the Russian Federation (further - principals), on the purposes of implementation of the main productive activity and (or) capital investments, and also on the purpose of repayment of the credits (regarding the obligations on return of credit amount (repayment of principal debt) attracted with principals earlier (except for the credits provided with the provided earlier state guarantees of the Russian Federation) on implementation of the main productive activity and (or) capital investments.

Guarantees are not provided on the credits or bonded loans attracted on the purpose of refinancing of earlier refinanced credits.

3. Determine that selection of principals for rendering the state warranty support in 2017 according to Rules is performed till October 31, 2017.

4. Grant to the Ministry of Finance of the Russian Federation decision-making power about provision in 2017 of guarantees according to Rules, except as specified, of stipulated in Item 5 these resolutions.

5. Determine that for rendering in 2017 the state warranty support according to Rules in exceptional cases and on condition of the special importance of principal for separate industries of economy according to the separate decision of the Government of the Russian Federation in ensuring obligation fulfillment of principal on the credit or bonded loan attracted by principal on the purposes, the stipulated in Item 2 presents of the resolution one of the following guarantees can be provided:

a) guarantee according to obligations of the principal having unsatisfactory financial condition, including in the presence at it arrears according to monetary commitments to the Russian Federation and (or) on obligatory payments in budgets of the budget system of the Russian Federation which principal is not capable to extinguish (further - overdue debt);

b) guarantee without provision for benefit of the Russian Federation on behalf of the Ministry of Finance of the Russian Federation ensuring execution in full obligations of principal on satisfaction of recourse requirements of the Russian Federation on behalf of the Ministry of Finance of the Russian Federation to principal in connection with execution in full or in any part of guarantee (further - providing recourse requirements of the Russian Federation) - on condition of satisfactory financial condition of principal;

c) guarantee in amount to 100 percent of obligations of principal on return of credit amount (payment of nominal value of bonds in case of their repayment) - on condition of satisfactory financial condition of principal.

6. Determine that in the cases specified in Item 5 of this resolution, provisions of Item 27 of Rules are not applied.

7. Determine that rendering the state warranty support (selection of principals, provision, maintenance, administration of guarantees) in cases and on the conditions specified in Item 5 of this resolution is performed according to Rules and taking into account the following features:

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