ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of September 22, 2022 No. 1672

About the state guarantee of the Russian Federation according to obligations of the "Russian Export Credits Insurance Agency and Investments" joint-stock company performing insurance support of import and modification of Rules of determination of the minimum amount (amount) of ensuring obligation fulfillment of principal on satisfaction of the recourse requirement of the guarantor to principal on the state guarantee of the Russian Federation depending on degree of sufficiency of financial condition of principal, and also implementation of financial analysis of principal

The government of the Russian Federation decides:

1. Approve the enclosed Rules of provision of the state guarantee of the Russian Federation according to obligations of the "Russian Export Credits Insurance Agency and Investments" joint-stock company performing insurance support of import.

2. Charge to the state corporation of development "ВЭБ.РФ" to perform functions of the agent of the Government of the Russian Federation concerning provision, maintenances, administrations and execution provided according to the Rules approved by this resolution, the state guarantee of the Russian Federation (including concerning conducting analytics of the provided state guarantee of the Russian Federation, obligations of principal, beneficiaries, other persons, debt (obligations) of persons responsible for approach of insured events for insurance contracts of import loans from entrepreneurial and (or) policy risks, to agreements of reinsurance and for causing losses), financial analysis of principal, and also to perform actions for collection (repayment) for benefit of the Russian Federation on behalf of the Ministry of Finance of the Russian Federation of debt of legal entities and physical persons (including foreign), including persons responsible for approach of insured events for insurance contracts of import loans from entrepreneurial and (or) policy risks, to agreements of reinsurance and for causing losses, in front of the Russian Federation on behalf of the Ministry of Finance of the Russian Federation according to the corresponding obligations (bases), rights to claim (the creditor's right) on which passed to the Russian Federation on behalf of the Ministry of Finance of the Russian Federation in case of execution in full or in any part of the state guarantee of the Russian Federation provided according to the Rules approved by this resolution.

3. The paragraph the fourth Item 2 of Rules of determination of the minimum amount (amount) of ensuring obligation fulfillment of principal on satisfaction of the recourse requirement of the guarantor to principal on the state guarantee of the Russian Federation depending on degree of sufficiency of financial condition of principal, and also the implementation of financial analysis of principal approved by the order of the Government of the Russian Federation of February 5, 2020 No. 92 "About determination of the minimum amount (amount) of ensuring obligation fulfillment of principal on satisfaction of the recourse requirement of the guarantor to principal on the state guarantee of the Russian Federation depending on degree of sufficiency of financial condition of principal and also about implementation of financial analysis of principal" (The Russian Federation Code, 2020, No. 6, Art. 696; No. 16, Art. 2625; No. 18, of the Art. 2911) (further - Rules of determination of the minimum amount of providing) to state in the following edition:

"Features of carrying out financial analysis of certain principals (groups of principals), and (or) other minimum amount (amount), excellent from determined according to these rules, ensuring obligation fulfillment of principal on satisfaction of the recourse requirement of the guarantor to principal on the state guarantee of the Russian Federation, and (or) possibility of establishment by the act of the Government of the Russian Federation based on the motivated decision of Government commission on increase in stability of the Russian economy in the conditions of sanctions formed according to the order of the Government of the Russian Federation of September 17, 2018 No. 1100-44 "About Government commission on increase in stability of the Russian economy in the conditions of sanctions", other minimum amount (amount), excellent from determined according to these rules, ensuring obligation fulfillment of principal on satisfaction of recourse requirements of the guarantor to principal on the state guarantee of the Russian Federation if necessary is established by the regulatory legal acts of the Government of the Russian Federation regulating questions of provision and execution of the state guarantees of the Russian Federation.".

4. According to the paragraph the fourth Item 2 of Rules of determination of the minimum amount of providing in case of decision making about provision according to the Rules approved by this resolution of the state guarantee of the Russian Federation with the act of the Government of the Russian Federation of provision of the state guarantee of the Russian Federation other minimum amount (amount) other than stipulated in Item 6 Rules of determination of the minimum amount of providing, for the corresponding groups of principals of the ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" joint-stock company provided for benefit of the Russian Federation on behalf of the Ministry of Finance of the Russian Federation on satisfaction of recourse requirements of the Russian Federation can be established, arising in connection with execution in full or in any part of the state guarantee of the Russian Federation (further - recourse requirements of the Russian Federation), based on the relevant motivated decision of Government commission on increase in stability of the Russian economy in the conditions of sanctions formed according to the order of the Government of the Russian Federation of September 17, 2018 No. 1100-44 "About Government commission on increase in stability of the Russian economy in the conditions of sanctions" or Presidium of Government commission on increase in stability of the Russian economy in the conditions of sanctions (further respectively - Government commission, Presidium of Government commission).

In case of acceptance by Government commission or Presidium by Government commission of the relevant decision in it motivated offers of rather minimum amount (amount) of ensuring obligation fulfillment of the "Russian Export Credits Insurance Agency and Investments" joint-stock company on satisfaction of recourse requirements of the Russian Federation other than stipulated in Item 6 Rules of determination of the minimum amount of providing, for the corresponding groups of principals are specified.

The specified decision of Government commission or Presidium of Government commission within 5 working days from the date of its acceptance goes to the Ministry of Economic Development of the Russian Federation for preparation of the stipulated in Item 24 Rules approved by this resolution, appeals of the Ministry of Economic Development of the Russian Federation and also to the Ministry of Finance of the Russian Federation for preparation according to Item 28 of the Rules approved by this resolution, the draft of the act of the Government of the Russian Federation of provision of the state guarantee of the Russian Federation. In this case the minimum amount (amount) of ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" joint-stock company on satisfaction of recourse requirements of the Russian Federation specified in the decision of Government commission is provided in the appeal of the Ministry of Economic Development of the Russian Federation and the act of the Government of the Russian Federation of provision of the state guarantee of the Russian Federation in addition to the data specified in Items 24 and 29 of the Rules approved by this resolution, respectively.

In case, the specified in paragraph one of this Item, provision of Items 18, of 24, 28 and 29 Rules approved by this resolution are applied with the features provided by paragraphs the first - third this Item.

5. Determine that operation of this resolution extends to the legal relationship which arose since August 26, 2022.

Approved by the Order of the Government of the Russian Federation of September 22, 2022 No. 1672

Rules of provision of the state guarantee of the Russian Federation according to obligations of the "Russian Export Credits Insurance Agency and Investments" joint-stock company performing insurance support of import

1. These rules establish procedure and conditions of provision in 2022 for the state guarantee of the Russian Federation in currency of the Russian Federation (further - guarantee) in ensuring obligation fulfillment of "Russian Export Credits Insurance Agency and Investments" joint-stock company (further - principal) according to the insurance contracts and agreements of reinsurance specified in item 4 of these rules and also procedure and conditions of obligation fulfillment on guarantee.

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