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.);

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