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PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of August 8, 2022 No. 529

About temporary procedure for obligation fulfillment on bank account agreements (contribution), expressed in foreign currency, and obligations on the bonds issued by the foreign organizations

In addition to the measures 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" of March 1, 2022 No. 81 "About additional temporary measures of economic nature for ensuring financial stability of the Russian Federation" and of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors", I decide:

1. Determine that:

a) in case of introduction concerning the Russian credit institution the foreign states and (or) the international organizations making concerning the Russian Federation, the Russian legal entities and physical persons unfriendly actions, rationing arrangements as a result of which realization of the rights to claim belonging to this credit institution on the bank account agreements (contribution) in foreign currency signed with foreign credit institution is actually impossible (further - rationing arrangements), the Russian credit institution has the right:

suspend before cancellation of rationing arrangements execution of the agreement obligations of the bank account (contribution), concluded with the clients who are legal entities, including credit institutions, or individual entrepreneurs (further - clients), in the part concerning carrying out transactions with the money (including their transfer and issue) which arrived on the corresponding bank accounts (deposits) after entry into force of this Decree if the specified obligations of the Russian credit institution to clients are expressed in the same foreign currency, as agreement obligations of the bank account (contribution) which are concluded between the Russian credit institution and foreign credit institution and on which realization of the rights to claim belonging to the Russian credit institution owing to introduction of rationing arrangements is actually impossible;

under the agreement with the client to transfer to him rights to claim on the bank account agreement (contribution) signed with foreign credit institution on account of execution of the obligations to such client;

b) in case of suspension according to the paragraph the second the subitem "an" of this Item the Russian credit institution of execution of the agreement obligations of the bank account (contribution) during such suspension does not charge percent on the money which arrived on the corresponding bank accounts (deposits) after entry into force of this Decree and also measures of responsibility for non-execution or improper execution of agreement obligations by the Russian credit institution of the bank account (contribution) to parts concerning carrying out transactions with the specified money are not applied (including penalties (penalties, penalty fee) and interest for using others money are not charged);

c) for the purposes of application of the subitem "an" of this Item the size of obligations of the Russian credit institution to clients whose execution can be suspended and the size of requirements of the Russian credit institution to foreign credit institution which execution owing to introduction of rationing arrangements is actually impossible are determined based on data of the reporting represented by the Russian credit institution to the Central bank of the Russian Federation on the date of introduction of rationing arrangements (including day of introduction of rationing arrangements);

d) the size of obligations of the Russian credit institution to clients whose execution stops according to the paragraph the second the subitem "an" of this Item shall not exceed the size of requirements of the Russian credit institution to foreign credit institution which execution owing to introduction of rationing arrangements is actually impossible;

e) if the size of the obligations of the Russian credit institution on bank account agreements meeting the requirements provided by the paragraph the second the subitem "an" of this Item exceeds the size of requirements of the Russian credit institution to foreign credit institution which execution owing to introduction of rationing arrangements is actually impossible, suspension of obligation fulfillment of the Russian credit institution on bank account agreements is performed in proportion to share of the obligation of the Russian credit institution to each client in the total amount of the agreement obligations of the bank account meeting the requirements provided by the paragraph the second the subitem "an" of this Item, and obligation fulfillment on bank deposit agreements does not stop;

e) if the size of the obligations of the Russian credit institution on bank account agreements meeting the requirements provided by the paragraph the second the subitem "an" of this Item, less than the size of requirements of the Russian credit institution to foreign credit institution which execution owing to introduction of rationing arrangements is actually impossible suspension of obligation fulfillment of the Russian credit institution on bank account agreements is performed completely, and on bank deposit agreements - in proportion to share of the obligation of the Russian credit institution to each client in the total amount of the agreement obligations of bank deposit meeting the requirements provided by the paragraph the second the subitem "an" of this Item;

g) in case of suspension according to the paragraph the second the subitem "an" of this Item of obligation fulfillment of one Russian credit institution before other Russian credit institution the credit institution before which obligation fulfillment was suspended is the size of the requirements and obligations having the right in case of determination according to the subitem "v" of this Item to consider requirements to the credit institution which performed such suspension of obligation fulfillment;

h) in case of suspension of execution of the agreement obligations by the Russian credit institution of the bank account (contribution) according to the paragraph the second the subitem "an" of this Item on the money which arrived on such bank accounts (deposits) after entry into force of this Decree collection according to executive documents cannot be turned.

2. Determine that:

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