ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of June 15, 2009 No. 495

About establishment of requirements to the concessionary concerning the banks providing irrevocable bank guarantees, banks in which the bank deposit (deposit) of the concessionary on which rights can be pledged by the concessionary to the concedent can be open and concerning insurance companies, the foreign insurance companies having the right according to the Law of the Russian Federation "About the organization of insurance case in the Russian Federation" to perform insurance activity in the territory of the Russian Federation with which the concessionary can sign the insurance contract of risk of responsibility for violation of obligations according to the concessionary agreement

According to part 4 of article 10 of the Federal law "About Concessionary Agreements" Government of the Russian Federation decides:

Determine that the following requirements for the banks providing irrevocable bank guarantees, banks in which the bank deposit (deposit) of the concessionary on which rights can be pledged by the concessionary to the concedent can be open and for insurance companies, the foreign insurance companies having the right according to the Law of the Russian Federation "About the organization of insurance case in the Russian Federation" to perform insurance activity in the territory of the Russian Federation (further - foreign insurance company) are applied to the concessionary with which the concessionary can sign the insurance contract of risk of responsibility for violation of obligations according to the concessionary agreement:

availability at bank of the general license of the Central bank of the Russian Federation for banking operations or the corresponding license granted by authorized bodies of foreign states;

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