ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of February 21, 2015 No. 154

About introduction of amendments to some acts of the Government of the Russian Federation concerning project financing

The government of the Russian Federation decides:

Approve the enclosed changes which are made to acts of the Government of the Russian Federation.

Approved by the Order of the Government of the Russian Federation of February 21, 2015 No. 154

Changes which are made to acts of the Government of the Russian Federation

1. In the order of the Government of the Russian Federation of October 11, 2014 No. 1044 "About approval of the Program of support of the investment projects realized in the territory of the Russian Federation on the basis of project financing" (The Russian Federation Code, 2014, No. 42, the Art. 5751):

a) state item 4 in the following edition:

"4. Charge to the "Development Bank and Foreign Economic Activity (Vnesheconombank)" state corporation to perform functions of the agent of the Government of the Russian Federation concerning provision and execution of the state guarantees of the Russian Federation on the loans attracted by the Russian legal entities for the purpose of realization by them in the territory of the Russian Federation investment projects on the basis of project financing including concerning conducting analytics of the state guarantees of the Russian Federation provided according to obligations of the legal entities who are persons who are granted the loans for the purpose of implementation of the investment projects selected for participation in the Program and also concerning debt collection of specified persons.";

b) in the Program of the support of the investment projects realized in the territory of the Russian Federation on the basis of project financing, approved by the specified resolution:

in Item 3:

the subitem "an" after the word to "Program" to add with words ", and also the "Development Bank and Foreign Economic Activity (Vnesheconombank)" state corporation;

state the subitem "v" in the following edition:

"c) the size of interest rate for person who is granted the loan for the purpose of implementation of the investment project selected for participation in this Program (further - the final borrower) shall not exceed the level of the interest rate established by the Central bank of the Russian Federation by provision to authorized banks of borrowing facilities for the purpose of refinancing of the credits issued by authorized banks to final borrowers plus annual interest rate 2,5;";

in the subitem "g":

shall be replaced with words words of "key interest rate of the Central Bank of the Russian Federation" "the interest rate established by the Central bank of the Russian Federation by provision to authorized banks of borrowing facilities for the purpose of refinancing of the credits issued by authorized banks to final borrowers";

shall be replaced with words the words "its changes" "its changes. In case of refusal from the Central bank of the Russian Federation to provide borrowing facilities to authorized bank for the purpose of refinancing of the credit issued by authorized bank to the final borrower, the authorized bank has the right to change interest rate for the specified credit only on condition of termination by authorized bank of the agreement on provision of the state guarantee in accordance with the established procedure";

declare Item 8 invalid;

in Item 14:

the offer second of paragraph one after the words "The Specified Documents" to add with words "(in one copy)";

after paragraph one to add with the paragraph of the following content:

"At the same time copies of the documents specified in paragraph one of this Item on the electronic medium in the number of copies corresponding to the number of members of the Interdepartmental commission are represented to working body of the Interdepartmental commission.";

in Item 20:

state the subitem "v" in the following edition:

"c) implementation of the investment project according to the Main activities of the Government of the Russian Federation for the period till 2018 in one or several of the following priority sectors of economy:

agricultural industry (including provision of services in this industry);

the processing productions, including production of foodstuff;

chemical production;

machine-building complex (aircraft industry, shipbuilding, automotive industry and others);

housing construction;

transport complex, including air transport (airports, air carriers, transport infrastructure);

communication and telecommunications;

production and electricity distribution, gas and water and other resources;";

declare the subitem "e" invalid;

in Item 28:

state paragraph two in the following edition:

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