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PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of April 1, 2022 No. 179

About temporary procedure for execution of financial liabilities in the sphere of transport before some foreign creditors

In addition to the measures provided by the Presidential decree of the Russian Federation of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors" I decide:

1. Determine that execution by residents of obligations on payment of lease, leasing and other payments within implementation of the agreements providing acquisition, lease, leasing of aircrafts, auxiliary power plants, aviation engines before 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), is performed according to Items 2 - 9 Presidential decrees of the Russian Federation of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors".

2. Determine that obligations on payment of lease, leasing and other payments within implementation of the agreements providing acquisition, lease, leasing of aircrafts, auxiliary power plants, aviation engines before 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), and the being economic societies, are recognized performed properly if these obligations are fulfilled:

a) before their main economic societies - residents by transfer by the debtor to the account of the main economic society - resident, opened in the Russian credit institution, means 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 on the date of obligation fulfillment; calculated on

b) before their main economic societies - the nonresidents who are not 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.

3. Confer to the Government of the Russian Federation power to determine other, than established by this Decree, procedure for obligation fulfillment before foreign creditors by payment of lease, leasing and other payments within implementation of the agreements providing acquisition, lease, leasing of aircrafts, auxiliary power plants, aviation engines.

4. Provide to Russian Government Commission on Foreign Investments power to issue permission to obligation fulfillment before foreign creditors on payment of lease, leasing and other payments within implementation of the agreements providing acquisition, lease, leasing of aircrafts, auxiliary power plants, aviation engines without observance of provisions of Items 2 - 9 Presidential decrees of the Russian Federation of March 5, 2022 to No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors" and provisions of this Decree.

5. For the purpose of application of this Decree foreign states which make concerning the Russian Federation, the Russian legal entities and physical persons unfriendly actions, are understood as the foreign states included in the list determined by the Government of the Russian Federation according to Item 14 of the Presidential decree of the Russian Federation of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors".

6. To the government of the Russian Federation in 10-day time to approve:

a) procedure for obligation fulfillment in cases, the stipulated in Item 2 presents of the Decree;

b) the procedure for obligation fulfillment determined according to Item 3 of this Decree;

c) procedure for issue of permission by Russian Government Commission on Foreign Investments, stipulated in Item 4 presents of the Decree.

7. This Decree 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

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