The agreement on supplements to agreement on legal succession concerning external public debt and assets of USSR

of March 13, 1992

The State Parties of this agreement, confirming the commitment to accomplishment of the obligations following from the Agreement on legal succession concerning external public debt and assets of USSR of December 4, 1991

AGREED AS FOLLOWS:

Article 1

The Russian Federation and Ukraine, being the main members of Interstate council on observation of debt servicing and use of assets of USSR, co-chair in Interstate council. Other members of Interstate council appoint the third cochairman on the basis of rotation.

Article 2

The authorized bank provides the complete information about the transactions to Interstate council and its members.

Interstate council appoints on competitive basis of the independent auditor to whom any documentation of Authorized bank necessary for creation of the report provided to Interstate council, at least once a year is provided.

Article 3

Vnesheconombank reserves the rights of Authorized bank. The corresponding changes given in Appendix to this Agreement for giving of the international nature to Authorized bank are made to the Charter of Vnesheconombank. Interstate council with the authorized representation of the parties remains the supreme body for Authorized bank. Interstate council creates the permanent supervisory body which is located in Moscow at the level of experts.

Votes of plenipotentiaries in Interstate council are distributed according to shares of the Parties in payments on repayment of external debt of the former USSR. Decisions of Interstate council are made at least, than 80 percent of votes of the members of council participating in meeting. Meetings of Interstate council are competent with the assistance of plenipotentiaries in them having at least 80 percent of votes.

Article 4

Powers and functions of the Interstate commission on development of criteria and principles concerning distribution of all property of the former USSR abroad pass to Interstate council and activities of said commission stop.

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