ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 21, 2022 No. 1111

About modification of the Order of the Government of the Russian Federation of February 25, 2011 No. 107

The government of the Russian Federation decides:

1. Bring in the order of the Government of the Russian Federation of February 25, 2011 No. 107 "About approval of the Regulations on recognition of International accounting standards and Explanations of International accounting standards for application in the territory of the Russian Federation" (The Russian Federation Code, 2011, No. 10, the Art. 1385) the following changes:

a) state the text in the following edition:

"1. Approve the enclosed Regulations on recognition of International accounting standards and Explanations of International accounting standards for application in the territory of the Russian Federation (further - the Provision).";

b) add with Item 2 following of content:

"2. Determine that till December 31, 2023 inclusive:

a) International accounting standards and Explanations of International accounting standards recognized for application in the territory of the Russian Federation according to the procedure according to the Provision, but which did not become effective in the territory of the Russian Federation for obligatory application till January 1, 2022 become effective in the territory of the Russian Federation for obligatory application by separate types of not credit financial credit institutions in the terms determined in these documents, but not earlier than the terms established by the Central bank of the Russian Federation for such organizations;

b) Item 7 of the Provision is applied taking into account the subitem "an" of this Item.".

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

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