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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of August 7, 2020 No. 301

About stabilization of financial and economic condition of the organizations

(Extraction)

For the purpose of stabilization of financial and economic condition of JSC BATE - managing company of holding of Avtokomponenta and JSC Borisovsky Plant Avtogidrousilitel (further, unless otherwise specified, - joint-stock companies) I decide:

1. Provide to joint-stock companies on the budget loans granted according to presidential decrees of the Republic of Belarus of December 22, 2015 to No. 513 "About stabilization of financial and economic condition of separate industrial bodies" and of May 26, 2016 No. 180 "About stabilization of financial condition of the organizations of holding of Avtokomponenta (further, unless otherwise specified, - the budget loans):

delay till December 31, 2022 and payment by installments from January 1, 2023 to December 31, 2032 debt repayments on the budget loans, formed on the date of entry into force of this Decree;

delay till December 31, 2027 and payment by installments from January 1, 2028 to December 31, 2038 debt repayments on the interest for using the budget loans (further, unless otherwise specified, - percent) added and not paid on the date of entry into force of this Decree;

delay till December 31, 2032 and payment by installments from January 1, 2033 to December 31, 2038 debt repayments on the penalty fee for violation of terms of return of the budget loans (further - penalty fee) added and not paid on the date of entry into force of this Decree.

2. For office use.

3. For office use.

4. For office use.

5. For office use.

6. Joint-stock companies provide opening in JSC ASB Belarusbank within one month from the effective date of this Decree of special accounts for accumulation of money in the Russian and Belarusian rubles arriving according to the agreements in foreign trade providing commodity export (works, services) for a period of up to January 1, 2025 (further - special accounts).

Features of opening and functioning of special accounts are determined in appendix.

7. To the Ministry of Finance to make according to this Decree changes to the agreements on conditions of issue and return of the budget loans signed with joint-stock companies.

8. For office use.

9. Condition of rendering the state support provided by this Decree is accomplishment by joint-stock companies in 2020-2038 of indicators (counting on one average worker) on proceeds from sales of products, goods (works, services) and value added finished by the Industry ministry.

10. Confer the personal responsibility for:

inappropriate use of the money enlisted into special accounts, and non-compliance with the requirements containing in appendix Items 6 and 8 - on heads of joint-stock companies;

the illegal address of collection on the money which is on special accounts, suspension of transactions on these accounts, seizure of the money which is of them - on the authorized bodies (officials) performing collection, suspension of transactions, seizure;

achievement of the indicators determined in Item 9 of this Decree - on heads of joint-stock companies, the first deputy of the Minister of Industry and the Minister of Industry.

11. The guilty acts of officials expressed in the inadequate or untimely accomplishment of regulations of this Decree which entailed damnification of state-owned property or essential harm to the state or public concerns in the presence of the bases attract criminal liability according to the Criminal code of the Republic of Belarus.

12. To impose control over the implementation of this Decree on Council of Ministers of the Republic of Belarus and the State Control Committee.

13. This Decree becomes effective from the date of its signing.

President of the Republic of Belarus

A. Lukashenko

Appendix

to the Presidential decree of the Republic of Belarus of August 7, 2020 No. 301

Features of opening and functioning of special accounts

1. Special accounts are intended for accumulation of money in the Russian and Belarusian rubles arriving according to the agreements in foreign trade providing commodity export, works, services.

2. Special accounts are opened for JSC ASB Belarusbank irrespective of availability in this bank of decisions (resolutions) on suspension of account transactions, resolutions (determinations) on seizure of the money which is on accounts of the joint-stock companies accepted (taken out) by authorized bodies (officials).

3. For the purposes of this Decree joint-stock companies have the right to open on one special account in the Belarusian and Russian rubles.

4. The money enlisted into special accounts has purpose and goes on:

acquisition of material resources (materials, raw materials, accessories);

calculations for the consumed fuel and energy resources, water consumption and water disposal;

implementation of customs payments and other obligatory payments in republican and local budgets, and also in budgets of state non-budgetary funds;

salary payment to the workers involved in processes of all activities of joint-stock companies;

repayment of the loans granted by banks of the Republic of Belarus on the current activities including for production of the goods (performance of works, rendering services) realized for export for salary payment, on replenishment of current assets.

Money from the special account in Russian rubles can be transferred with sale to the special account in Belarusian rubles for use on the purposes specified in part one of this Item.

5. The money enlisted into special accounts as a result of technical mistake is written off from them according to the procedure, determined by the bank law.

6. Transfer to special accounts of other money, except the means specified in Item 1 and part two of item 4 of this appendix and also expenditure from special accounts of money on the purposes which are not provided in item 4 of this appendix is not allowed.

7. The address of collection according to the executive and other documents which are the basis for cash write-off from accounts in indisputable procedure on the money placed on special accounts is not made, arrest is not imposed the specified money, suspension of transactions on special accounts is not performed.

The requirements specified in part one of this Item do not extend to cases:

when the address of collection on the money which is on special accounts is made based on the executive document, the collection type according to which corresponds to purpose of the special account;

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