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Agreement between the Government of the Russian Federation and Government of Ukraine on the basic principles of creation of the Russian-Ukrainian financial and industrial groups

of July 26, 1995

The government of the Russian Federation and the Government of Ukraine which are hereinafter referred to as with the Parties

for the purpose of realization in the bilateral relations of provisions of the Agreement on assistance in creation and development of the production, commercial, credit and financial, insurance and mixed transnational associations of April 15, 1994,

aiming to provide favorable conditions for maintenance and development of production cooperation between the companies of both states,

attaching importance to use of modern forms of interaction in the field of productive, investing, business and financial and credit activity,

agreed as follows:

Article 1

The parties will promote creation of financial and industrial groups based on the Russian and Ukrainian business entities for establishment and development of technological and cooperation bonds.

The companies, financial institutions, investment institutes and other organizations of both states of any form of business irrespective of property type, and also the third countries as it is provided by legislations of the Russian Federation and Ukraine can be participants of financial and industrial groups.

Financial and industrial groups are legal entities by the legislation of the states in which they are registered.

Article 2

The parties consider the most perspective creation of financial and industrial groups in the following fields of activity:

search, production, conversion, transportation and realization of fuel and energy resources;

designing, construction, reconstruction and operation of gas transport pipelines;

production of ferroalloys on manganese basis;

sheet steel manufacture, gas pipelines of big diameter and pipes of oil range for the oil-extracting industry;

alumina production, aluminum and rolled aliminium;

titanium production;

production of the chemical industry (carbamide, adipic acid, large-size tires, etc.);

production of the mining, enrichment and electrotechnical equipment for the coal industry, the large energy and pumping equipment for power industry;

production of drugs, medicines and medical equipment;

production, storage, transportation and complex conversion of agricultural products;

production of ocean and river crafts, space equipment, special equipment, equipment for nuclear power.

Further, according to the mutual arrangement of the Parties, also other priority fields of activity can be determined.

Article 3

The parties recognize that financial and industrial groups are created for the purpose of consolidation of material and financial resources of their participants for increase in production efficiency, competitiveness in the world market, expansions and deepenings of rational technological and cooperation bonds between the companies of two countries, increases in the export potential to the third countries, accelerations of scientific and technical progress and investment attraction of the third countries.

Forming of financial and industrial groups is performed with compliance with law of both states and Agreements on carrying out the approved antimonopoly policy of December 23, 1993.

Article 4

The investing activities of financial and industrial groups will be carried out according to the legislation of the state where investments, and the agreements signed between the Parties about cooperation in the field of investing activities and mutual protection of investments are performed.

Article 5

For the purpose of stimulation of creation and functioning of financial and industrial groups of the Party will provide in case of need the state guarantees and privileges according to the national legal system in the fields of activity specified in Article 2 of this agreement.

Article 6

On the questions which are not provided by this agreement, the Parties will be guided by provisions of the Agreement on assistance in creation and development of the production, commercial, credit and financial, insurance and mixed transnational associations of April 15, 1994, the Agreement on cooperation in the field of investing activities of December 24, 1993 and the Agreement on general terms and the mechanism of support of development of production cooperation of the companies and industries of the State Parties of the Commonwealth of Independent States of December 23, 1993.

Article 7

Provisions of this agreement are temporarily applied from the date of its signing.

The agreement becomes effective from the date of receipt of the last notification on accomplishment of necessary interstate procedures by the Parties and will be effective before the expiration of six months from the date of when one of the Parties sends to other Party the written notice of the intention to stop its action.

It is made in Moscow on July 26, 1995 in duplicate, everyone in the Russian and Ukrainian languages, and both texts are equally authoritative.

 

For the Government of the Russian Federation

For the Government of Ukraine

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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