Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

FEDERAL LAW OF THE RUSSIAN FEDERATION

of March 18, 2020 No. 49-FZ

About transfer of part of income gained by the Central bank of the Russian Federation from sale of ordinary shares of Sberbank of Russia public joint stock company

Accepted by the State Duma on March 12, 2020

Approved by the Federation Council on March 14, 2020

Article 1

1. Income (positive financial result) gained by the Central bank of the Russian Federation (Bank of Russia) from sale of ordinary shares of Sberbank of Russia public joint stock company according to part 1 of article 1 of the Federal law "About Acquisition by the Government of the Russian Federation at the Central Bank of the Russian Federation of Ordinary Shares of Sberbank of Russia Public Joint Stock Company and Recognition Voided Separate Provisions of Legal Acts of the Russian Federation" in the amount exceeding 300 billion rubles increased by the size of the loss from sale which is actually suffered by the Bank of Russia in 2020 - 2023 of shares of credit institutions concerning which the Bank of Russia performed measures for the prevention of bankruptcy, but no more than 200 billion rubles, in the terms established by the Government of the Russian Federation is subject to transfer in the federal budget money and (or) in the way of transfer to treasury of the Russian Federation of the rights of requirements of the Bank of Russia to Sberbank of Russia public joint stock company for agreements of the subordinated credit provided by the Bank of Russia according to article 5 of the Federal Law of October 13, 2008 to No. 173-FZ "About additional measures for support of financial system of the Russian Federation" in amount to 150 billion rubles, and also the rights of requirements of the Bank of Russia to the state corporation of development of "ВЭБ.РФ" in the agreement (agreements) on placement of money to the deposit (deposits) signed (prisoner) about day of entry into force of this Federal Law in amount to 350 billion 450 million rubles. The Bank of Russia has the right to transfer, and the Government of the Russian Federation has the right to accept in treasury of the Russian Federation the specified rights to claim on their book value on the date of transfer. The loss of the Bank of Russia from sale in 2020 - 2023 of shares of credit institutions concerning which the Bank of Russia performed measures for the prevention of bankruptcy is determined as difference between the money received by the Bank of Russia as a result of sale of the specified shares and their book value.

2. The part of the income received by the Bank of Russia from sale of ordinary shares of Sberbank of Russia public joint stock company and according to part of 1 this Article subject to transfer in the federal budget and (or) transfer to treasury of the Russian Federation, is not subject to accounting in case of determination of profit of the Bank of Russia for the purposes of transfer of part of profit of the Bank of Russia in the federal budget according to part one of article 26 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)".

Article 2

This Federal Law becomes effective from the date of its official publication.

President of the Russian Federation

V. Putin

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 40000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.