PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of January 31, 2025 No. 48

About modification of the Presidential decree of the Russian Federation of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors"

1. Bring in the Presidential decree of the Russian Federation of March 5, 2022 No. 95 "About temporary procedure for obligation fulfillment before some foreign creditors" (The Russian Federation Code, 2022, No. 10, Art. 1472; 2024, No. 2, Art. 393; No. 16, Art. 2210; No. 38, Art. 5622; No. 53, the Art. 8658) change, having added with its Item 5 (2) the following content:

"5(2). Until introduction of amendments to the legislation of the Russian Federation on the security market and about insolvency (bankruptcy):

a) in case of recognition of credit institution in which the account of type "C" is opened by insolvent (bankrupt) of means, considered on such account, do not join in competitive weight. The temporary administration of the specified credit institution shall send to the Russian credit institution determined by the Central bank of the Russian Federation the statement for opening of the account of type "C" addressed to the same person for whom in credit institution, acknowledged insolvent (bankrupt), opens the account of type "C" and to make transfer of such funds for the opened account;

b) in case of recognition of the organization which performs professional activity in the security market and in which the custody account of type "C" and (or) other account of type "C" are open by insolvent (bankrupt) the property considered on such accounts is transferred in accordance with the legislation of the Russian Federation about the security market and about insolvency (bankruptcy) for accounting on the custody account of type "C" and (or) other account of type "C" opened in the organization performing professional activity in the security market determined by the Central bank of the Russian Federation.".

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

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