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Ministerial Decree No. 500 regarding concession by the Russian Federation of guarantees against non-commercial risks to the foreign creditors of investment projects in timber and coal industry of the Russian Federation.

Country/Territory
Russian Federation
Document type
Regulation
Date
2001
Source
FAO, FAOLEX
Subject
Energy, Forestry
Keyword
Coal Energy conservation/energy production Credit Timber Timber extraction/logging Fuelwood Forest management/forest conservation
Geographical area
Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific
Abstract

The Premier, for the purpose of rendering state support to the Russian organizations in drawing in foreign investments for the realization of investment projects in timber and coal industry, decrees to approve the proposals forwarded by the Ministry of Industry, Science and Technologies of the Russian Federation, pre-concerted with the Ministry of Economic Development and Trade, the Ministry of Finance, the Ministry of Foreign Affairs, the Ministry of Energy and the Ministry of Justice on concession by the Russian Federation of guarantees against non-commercial risks to the amount of 200 million US dollars to the foreign creditors of investment projects in timber and coal industry of the Russian Federation and to authorize the conclusion of Agreement between the Russian Federation and International Bank for Reconstruction and Development regarding counter-guarantees concerning project of guaranteeing operation in timber and coal industry.

Full text
Russian