Agreement between the Government of the Russian Federation and Cabinet of Ministers of Ukraine on encouragement and mutual protection of investments

of November 27, 1998

The government of the Russian Federation and the Cabinet of Ministers of Ukraine which are hereinafter referred to as with Contracting Parties

developing basic provisions of the Agreement on cooperation in the field of investing activities of December 24, 1993,

having intentions to create and support favorable conditions for mutual investments,

wishing to create favorable conditions for expansion of economic cooperation between Contracting Parties,

agreed as follows:

Article 1 of Determination

For the purposes of this agreement:

1. The term "investments" means all types of property and intellectual values which invest the investor of one Contracting Party in the territory of other Contracting Party according to its legislation, and in particular:

a) personal and real estate, and also appropriate property rights;

b) money, and also securities, obligations, deposits, and other forms of participation;

c) intellectual property rights, including copyright and related rights, trademarks, the rights to inventions, industrial designs, models, and also engineering procedures and know-how;

d) the rights to implementation of economic activity, including the rights to investigation, development and operation of natural resources.

Change of type of investments in which will be made investments will not influence their nature as investments provided that such change will not contradict the legislation of the Contracting Party in the territory of which investments are performed.

2. The term "investor of the Contracting Party" means:

a) any physical person who is the citizen of the state of the Contracting Party and competent according to its legislation to perform investments in the territory of other Contracting Party;

b) any legal entity created according to the legislation existing in the territory of this Contracting Party provided that the legal entity is competent according to the legislation of the Contracting Party to perform investments in the territory of other Contracting Party.

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