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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 29, 2018 No. 759

About the state guarantee of the Russian Federation according to obligations of "Russian Export Credits Insurance Agency and Investments" joint-stock company

(as amended on 02-09-2021)

According to the Federal Law "About the Federal Budget for 2018 and for Planning Period of 2019 and 2020" Government of the Russian Federation decides:

1. Approve the enclosed Rules of provision in 2018 of the state guarantee of the Russian Federation according to obligations of "Russian Export Credits Insurance Agency and Investments" joint-stock company (further - Rules).

2. Provide in 2018 according to the procedure and on conditions which are established by Rules, the state guarantee of the Russian Federation for the amount to 20 billion US dollars for a period of up to December 31, 2042 inclusive in ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" joint-stock company on portfolio of insurance contracts of the export loans and investments, agreements of reinsurance, guarantee agreements and independent guarantees specified in Item 2 of Rules.

3. To the Ministry of Finance of the Russian Federation in 2018 according to Rules to sign the agreement on provision of the state guarantee of the Russian Federation with "Russian Export Credits Insurance Agency and Investments" joint-stock company and to issue the state guarantee of the Russian Federation specified in Item 2 of this resolution.

4. Determine that the state guarantee of the Russian Federation provided according to Item 2 of this resolution becomes effective from the date of entering into the State debt book of the Russian Federation of record about discharge of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V provided according to Rules of provision in 2012 to the state guarantee of the Russian Federation according to the bank guarantee of the "Development Bank and Foreign Economic Activity (Vnesheconombank)" state corporation provided in ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" open joint stock company according to insurance contracts of export loans and investments approved by the order of the Government of the Russian Federation of November 29, 2012 No. 1233 "About the state guarantee of the Russian Federation according to the bank guarantee of the "Development Bank and Foreign Economic Activity (Vnesheconombank)" state corporation provided in ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" open joint stock company according to insurance contracts of export loans and investments" (further - the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V). The basis for entering into the State debt book of the Russian Federation of record about discharge of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V is return by the state corporation "Development bank and foreign economic activity (Vnesheconombank) (further - Vnesheconombank) in the Ministry of Finance of the Russian Federation of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V.

5. For the purpose of entering into the State debt book of the Russian Federation records about discharge of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V and ensuring entry into force of the state guarantee of the Russian Federation provided according to Item 2 of this resolution:

a) the "Russian Export Credits Insurance Agency and Investments" joint-stock company should return to Vnesheconombank under the delivery-acceptance certificate the original of the bank guarantee provided by Vnesheconombank of November 30, 2012 No. 07/0161, of the obligation of Vnesheconombank on which are provided with the state guarantee of the Russian Federation of December 26, 2012 to No. 13840063V;

b) Vnesheconombank should return to the Ministry of Finance of the Russian Federation under the delivery-acceptance certificate the original of the state guarantee of the Russian Federation of December 26, 2012 to No. 13840063V after return by "Russian Export Credits Insurance Agency and Investments" joint-stock company to Vnesheconombank of the original of the bank guarantee of November 30, 2012 No. 07/0161;

c) To the Ministry of Finance of the Russian Federation to make in the State debt book of the Russian Federation record about discharge of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V within 5 working days from the date of return by Vnesheconombank to the Ministry of Finance of the Russian Federation under the delivery-acceptance certificate of the original of the state guarantee of the Russian Federation of December 26, 2012 No. 13840063V.

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