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Vladimir Putin signed the Executive Order On the Temporary Procedure for the Execution of State Guarantees of the Russian Federation Provided in Foreign Currency.
The Executive Order supplements the measures envisaged by presidential executive orders of February 28, 2022 No. 79 On the Application of Special Economic Measures in Connection of the Hostile Actions of the United States in League with Other Foreign States and International Organisations, and of March 1, 2022 No. 81 On Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation.
Under the Executive Order, the fulfilment of the obligations of the Russian Federation (the guarantor) under the state guarantees of the Russian Federation, which are provided in foreign currency (the amounts of which are expressed in foreign currency and the fulfilment of the obligations of the Russian Federation [the guarantor], which is carried out in foreign currency), to beneficiaries that are Russian and foreign legal entities or individuals, or international financial organisations, is carried out considering the specifics envisaged in this Executive Order.
The right to issue official clarification on the application of this Executive Order is granted to the Central Bank of the Russian Federation and the Ministry of Finance of the Russian Federation.
August 9, 2023