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PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of March 5, 2022 No. 95

About temporary procedure for obligation fulfillment before some foreign creditors

(as amended on 31-01-2025)

In addition to the measures of economic nature provided by presidential decrees of the Russian Federation of February 28, 2022 No. 79 "About application of special economic measures in connection with unfriendly actions of the United States of America and the foreign states and the international organizations which adjoined them" and of March 1, 2022 No. 81 "About additional temporary measures of economic nature for ensuring financial stability of the Russian Federation" I decide:

1. Establish temporary procedure for execution by the Russian Federation, subjects of the Russian Federation, municipalities, residents (further also - debtors) obligations on the credits and loans, financial instruments to the foreign creditors who are the foreign persons connected with foreign states which make concerning the Russian Federation of the Russian legal entities and physical persons unfriendly actions (including if such foreign persons have nationality of these states, the place of their registration, the place of preferential conducting economic activity by them or the place of preferential extraction by them of profit on activities are these states), or persons who are under control of the specified foreign persons, irrespective of the place of their registration (except as specified, if the place of their registration is the Russian Federation) or places of preferential conducting economic activity by them (further - foreign creditors).

2. The procedure for obligation fulfillment established by this Decree extends to obligation fulfillment in the amount of, exceeding 10 million rubles in calendar month, or in the amount of, exceeding equivalent of this foreign currency amount on the official rate of the Central bank of the Russian Federation established on the 1st day of every month, and in case of decision making about payment (announcement) of dividends by the joint-stock companies registered in the territories of the Donetsk People's Republic, the Luhansk People's Republic, the Zaporizhia region and Kherson region - to obligation fulfillment on their payment to foreign creditors irrespective of the size of obligations.

3. For the purpose of obligation fulfillment, called in Item 1 of this Decree, the debtor has the right to direct to the Russian credit institution the application for opening addressed to the foreign creditor or the foreign organization having the right according to its personal law to perform accounting and transition of the rights to securities (the foreign nominee holder) concerning which obligation fulfillment, accounts of the type "C" intended for carrying out payment under these obligations is performed. For the purpose of obligation fulfillment, the securities connected with issue, the debtor has the right to direct such application to the non-bank credit institution which is the central depositary according to the Federal Law of December 7, 2011 No. 414-FZ "About the central depositary".

4. Provide that the custody accounts opened before this date addressed to the nonresident who is the foreign creditor or addressed to the foreign nominee holder belong to accounts of type "C" from the date of entry into force of this Decree.

5. The mode of the account of type "C" is set by the solution of the Board of directors of the Central bank of the Russian Federation which is subject to official publication according to article 7 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)". Count of type "C" is kept in rubles.

5(1). On the means and securities considered on the account of type "C" collection according to executive documents cannot be turned, it is seized, concerning them the requirement about collection of obligatory payments cannot be declared, other interim measures cannot be taken if court resolutions and acts of other bodies are taken out after January 3, 2024.

5(2). Until introduction of amendments to the legislation of the Russian Federation on the security market and about insolvency (bankruptcy):

a) in case of recognition of credit institution in which the account of type "C" is opened by insolvent (bankrupt) of means, considered on such account, do not join in competitive weight. The temporary administration of the specified credit institution shall send to the Russian credit institution determined by the Central bank of the Russian Federation the statement for opening of the account of type "C" addressed to the same person for whom in credit institution, acknowledged insolvent (bankrupt), opens the account of type "C" and to make transfer of such funds for the opened account;

b) in case of recognition of the organization which performs professional activity in the security market and in which the custody account of type "C" and (or) other account of type "C" are open by insolvent (bankrupt) the property considered on such accounts is transferred in accordance with the legislation of the Russian Federation about the security market and about insolvency (bankruptcy) for accounting on the custody account of type "C" and (or) other account of type "C" opened in the organization performing professional activity in the security market determined by the Central bank of the Russian Federation.

6. Determine that the obligations called in Item 1 of this Decree are recognized performed properly if:

a) they are performed in rubles in the amount equivalent to the cost of obligations in foreign currency (irrespective of in what currency such cost is expressed) and the official rate of the Central bank of the Russian Federation established per day when the corresponding payment, before the nonresidents who are not foreign creditors was made; calculated on

b) they are performed before residents which securities are considered on custody accounts in the Russian depositaries, by transfer by the debtor to the account of the creditor of means in rubles in the amount equivalent to the cost of obligations in foreign currency and the official rate of the Central bank of the Russian Federation established per day when the corresponding payment was made. Calculated on at the same time payments are made through Russian depositaries without money transfer into accounts of type "C", except as specified, 8(1) and 9 these Decrees provided by Items 8,;

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