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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of September 9, 2020 No. 1380

About procedure for compensation of interest payment on bonds without determination of term of their repayment in case of acceptance by issuers of the specified bonds of the decision on refusal of their payment and modification of the order of the Government of the Russian Federation of May 13, 2020 No. 1260-r

The government of the Russian Federation decides:

1. Determine that the bond issuing institutions without determination of term of their repayment (further - bonds) who are subjects of natural monopolies in the sphere of rail haulings which 100 percent of shares in case of placement of bonds belong to the Russian Federation (further - the issuer), according to the procedure and terms which are established by regulatory legal act of the federal executive body performing functions on development of state policy and normative legal regulation in the sphere of transport (further - federal executive body), but no later than the terms established in issued documentation send to federal executive body the notification on the decision on refusal of interest payment made in accordance with the established procedure on bonds.

2. Financial provision of provision of subsidies in the form of property fees of the Russian Federation in the state corporation of development "ВЭБ.РФ" on financial provision of costs on payment of interest incomes to bondholders in case of refusal of issuers unilaterally from interest payment on bonds is performed according to the budget legislation of the Russian Federation taking into account regulatory legal act of the federal executive body specified in Item 1 of this resolution within the budgetary appropriations provided to federal executive body for the next financial year and planning period.

3. Approve the enclosed Rules of provision from the federal budget of subsidies in the form of property fees in the state corporation of development "ВЭБ.РФ" on financial provision of costs on payment of interest incomes to bondholders without determination of term of their repayment in case of refusal of issuers of the specified bonds unilaterally from interest payment on them.

4. Determine that operation of this resolution extends only to bonds, the decision on which placement and the decision on refusal of issuers of interest payment on which are accepted or approved by the Government of the Russian Federation.

5. To federal executive body to accept within one month from the date of the introduction of this resolution in force the regulatory legal act specified in paragraph one of Item 1 of this resolution.

6. Replace at the disposal of the Government of the Russian Federation of May 13, 2020 No. 1260-r (The Russian Federation Code, 2020, No. 21, the Art. 3303) words to Ministry of Finance of the Russian Federation words to Ministry of Transport of the Russian Federation.

7. By the board of directors of the issuer which voting shares are in federal property or concerning which the special right of participation ("golden share") is used no later than December 31, 2020 the procedure for adoption by the issuer of the decision on refusal of interest payment on bonds providing including need of idea for consideration of the board of directors of economic case of need of decision making of refusal of interest payment on bonds shall be approved.

8. This resolution becomes effective from the date of its official publication.

Russian Prime Minister

M. Mishustin

Approved by the Order of the Government of the Russian Federation of September 9, 2020 No. 1380

Rules of provision from the federal budget of subsidies in the form of property fees in the state corporation of development "ВЭБ.РФ" on financial provision of costs on payment of interest incomes to bondholders without determination of term of their repayment in case of refusal issuers of the specified bonds unilaterally from interest payment on them

1. These rules establish procedure, the purposes and conditions of provision from the federal budget of subsidies in the form of property fees in the state corporation of development "ВЭБ.РФ" (further - ВЭБ.РФ) on financial provision of costs on payment of interest incomes to bondholders without determination of term of their repayment (further - bonds) in case of refusal the bond issuing institutions who are subjects of natural monopolies in the sphere of rail haulings which 100 percent of shares in case of placement of bonds belong to the Russian Federation (further - the issuer), unilaterally from interest payment on them (further - subsidies).

2. Subsidies are provided within limits of the budget obligations brought to the federal executive body performing functions on development of state policy and normative legal regulation in the sphere of the transport (further - federal executive body) providing subsidies as to the receiver of budgetary funds, on the purposes specified in Item 1 of these rules.

3. Condition of provision of subsidies is absence at ВЭБ.РФ on the 1st preceding month in which the federal executive body and ВЭБ.РФ sign the agreement on provision of subsidies (further - the agreement), to the tax debt, charges and other obligatory payments in budgets of the budget system of the Russian Federation under which completion date came in accordance with the legislation of the Russian Federation.

4. Are provided in the agreement:

a) the purpose of provision of subsidies and them I will eat around with distribution by years;

b) values of result of provision of subsidies and condition about their achievement ВЭБ.РФ;

c) procedure and terms of submission of the reporting on achievement of ВЭБ.РФ of values of result of provision of the subsidies established according to the subitem "b" of this Item established by federal executive body;

d) consent of ВЭБ.РФ to carrying out by federal executive body and bodies of the state financial control of check of observance of ВЭБ.РФ of procedure, purposes and conditions of provision of subsidies;

e) responsibility of ВЭБ.РФ for violation of the conditions determined by the agreement, and also procedure for return of ВЭБ.РФ of the received means in case of establishment following the results of the inspections which are carried out by federal executive body and bodies of the state financial control, the fact of violation of procedure, the purposes and conditions of provision of subsidies;

e) the provisions establishing the rights both obligations of ВЭБ.РФ and federal executive body, and procedure for their interaction in case of implementation of the agreement;

g) obligation of ВЭБ.РФ on return to the federal budget of the remaining balance of subsidies which is not used in reporting financial year;

h) the list of documents specified in Item 8 of these rules;

i) the list of supporting documents specified in Item 13 of these rules.

5. The agreement and supplementary agreements to the agreement providing introduction in it of changes or its termination consist according to the standard forms approved by the Ministry of Finance of the Russian Federation.

6. The agreement is signed no later than the 30th working day from the date of bringing to federal executive body of limits of the budget obligations on the purposes specified in Item 1 of these rules in time.

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