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FEDERAL LAW OF THE RUSSIAN FEDERATION

of May 7, 2013 No. 79-FZ

About prohibition to separate categories of persons to open and have accounts (deposits), to store cash and values in the foreign banks located outside the territory of the Russian Federation, to own and use foreign financial instruments

(as amended on 06-02-2019)

Accepted by the State Duma on April 24, 2013

Approved by the Federation Council on April 27, 2013

Article 1

1. This Federal Law for the purpose of ensuring national security of the Russian Federation, streamlining of lobbist activities, expansion of investment of means into national economy and increases in efficiency of anti-corruption establishes prohibition to the persons making as obliges the decisions raising the questions of sovereignty and homeland security of the Russian Federation, and (or) participating in preparation of such decisions to open and have accounts (deposits), to store cash and values in the foreign banks located outside the territory of the Russian Federation, to own and use foreign financial instruments, categories of persons concerning which this prohibition, procedure of check of observance by specified persons of this prohibition and measure of responsibility for its violation is established are determined.

2. For the purposes of this Federal Law are understood as foreign financial instruments:

1) securities and financial instruments of nonresidents and (or) foreign structures relating to them without formation of legal entity which according to the international standard "Securities — the International System of Identification of Securities (the International Identification Codes of Securities (ISIN)" approved by International Organization for Standardization assigns the international identification code of security. In this Federal Law the concept "foreign structure without formation of legal entity" is used in the value determined by the legislation of the Russian Federation on taxes and fees, the concept "nonresident" of the value determined by Item 7 of part 1 of article 1 of the Federal Law of December 10, 2003 No. 173-FZ "About currency control and currency exchange control";

2) shares, shares in the authorized (share) capital of the organizations, place of registration or the location of which is the foreign state, and also in property of foreign structures without formation of legal entity, not determined according to Item 1 of this part as securities and financial instruments carried to them;

3) the agreements which are derivative financial instruments and determined by part of the twenty ninth article 2 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" if at least one of the parties of such agreement are the nonresident and (or) foreign structure without formation of legal entity;

4) the property trust management founded according to the legislation of foreign state, the founder and (or) the beneficiary of which is person specified regarding 1 article 2 of this Federal Law;

5) loan agreements if at least one of the parties of such agreement are the nonresident and (or) foreign structure without formation of legal entity;

6) the credit agreements signed with the foreign banks or other foreign credit institutions located outside the territory of the Russian Federation.

3. In this Federal Law under a ban to own and use foreign financial instruments the prohibition on direct and indirect (through the third parties) ownership and (or) use of such financial instruments is understood.

Article 2

1. It is forbidden to open and have accounts (deposits), to store cash and values in the foreign banks located outside the territory of the Russian Federation, to own and use foreign financial instruments:

1) to persons, replacement (occupying):

a) state positions of the Russian Federation;

b) positions of the first deputy and deputy attorneys general of the Russian Federation;

c) positions of board members of the Central bank of the Russian Federation;

d) state positions of subjects of the Russian Federation;

e) positions of the Federal State Service, appointment to which and release from which are performed by the President of the Russian Federation, the Government of the Russian Federation or the Prosecutor General of the Russian Federation;

e) positions of deputy managers of federal executive bodies;

g) positions in the state corporations (companies), funds and other organizations created by the Russian Federation based on the Federal Laws, appointment to which and release from which are performed by the President of the Russian Federation or the Government of the Russian Federation;

h) positions of heads of city districts, heads of municipal districts, heads of other municipalities performing powers of heads of local administrations, heads of local administrations;

i) positions of the Federal State Service, position of the public civil service of subjects of the Russian Federation, position in the Central bank of the Russian Federation, the state corporations (companies), funds and other organizations created by the Russian Federation based on the Federal Laws, separate positions based on the employment contract in the organizations created for accomplishment of the tasks set for federal state bodies, implementation of powers on which provides participation in preparation of the decisions raising the questions of sovereignty and homeland security of the Russian Federation and which are included in the lists established respectively by regulatory legal acts of federal state bodies, subjects of the Russian Federation, regulations of the Central bank of the Russian Federation, the state corporations (companies), funds and other organizations, created by the Russian Federation based on the Federal Laws;

1. 1) to the deputies of representative bodies of municipal districts and city districts performing the powers on permanent basis, to the deputies replacing positions in representative bodies of municipal districts and city districts;

2) to spouses and minor children of persons specified in subitems "a" - "z" Item 1 and Item 1.1 of this part;

3) to other persons in the cases provided by the Federal Laws.

2. Terms during which accounts (deposits) shall be closed can be provided by the Federal Laws specified in Item 3 parts of 1 this Article, storage of cash and values in the foreign banks located outside the territory of the Russian Federation is stopped and (or) alienation of foreign financial instruments, the bases and procedure for conducting the corresponding checks, and also consequence in law of non-execution of the prohibition established by this Federal Law is performed.

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