of November 22, 2011 No. 964
About implementation of export credits insurance and investments from entrepreneurial and (or) policy risks, and also reinsurance implementation
The government of the Russian Federation decides:
1. Approve the enclosed Rules of implementation of export credits insurance and investments from entrepreneurial and (or) policy risks of exporters, the Russian investors performing investments outside the territory of the Russian Federation, their foreign partners according to the corresponding transactions, the Russian and foreign credit institutions, performing crediting of the corresponding transactions, other organizations giving financial support to specified persons, ensuring obligation fulfillment of residents of the Russian Federation and their foreign partners when exporting and implementing investments outside the Russian Federation including by issue of independent guarantees, provision of guarantees and application of different ways of ensuring obligation fulfillment concerning the projects having nation-wide, strategic or priority importance for economy of the Russian Federation, and also reinsurance implementation.
2. To the Ministry of Finance of the Russian Federation in accordance with the established procedure to introduce to the Government of the Russian Federation drafts of regulatory legal acts concerning provision of the state support when implementing activities for export credits insurance and investments from entrepreneurial and policy risks.
2(1). Determine that the "Russian Export Credits Insurance Agency and Investments" joint-stock company performs according to the procedure of subrogation of the right of the investor in accordance with the terms of agreements on encouragement and protection of the investments concluded by the Government of the Russian Federation, and the Rules approved by this resolution.
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