Agreement between the Republic of Belarus and Russian Federation on regulation of questions of property of the Union State
of January 24, 2006
The Republic of Belarus and the Russian Federation which further are referred to as with the Parties
consistently carrying out provisions of the Agreement on creation of the Union State and the Action program of the Republic of Belarus and the Russian Federation on realization of provisions of the Agreement on creation of the Union State of December 8, 1999,
recognizing need of legislative settlement of creation and property management of the Union State before adoption of law of the Union State regulating questions of property of the Union State
agreed as follows:
This agreement determines the bases of origin and the termination of the property right of the Union State, property which can be in its property, the basic provisions concerning property management of the Union State including the relations connected with ownership, use and the order of its property and also the property relations between the Union State and the Parties.
The relations concerning property of the Union State are regulated by this agreement and acts of the Union State.
The relations concerning property of the Union State, which are not settled by this agreement and acts of the Union State are regulated by the legislation of each of the Parties.
Protection of the property right of the Union State is performed according to the legislation of the Party in the territory of which there is its property.
The Union State acts in the relations regulated by the civil legislation of each of the Parties, on equal terms with other participants of these relations. At the same time the regulations determining participation of legal entities in the relations regulated by the civil legislation of each of the Parties are applied to the Union State if other does not follow from the international treaty signed by the Parties or the legal act of the Union State.
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