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The President has approved a list of instructions on the audit of the execution of Presidential decisions on the protection of the rights of co-investors in cooperative residential construction projects.
The Government of the Russian Federation has been instructed, specifically, to take action to improve the inventory of the fraud victims who co-financed the construction of their future housing and whose rights have been violated; to examine the possibility of compensating for the damage to the victims from the fund established through mandatory contributions by property developers who attract funds from future property owners for the construction of residential buildings and other developments.
Appropriate instructions have been given to the Government in cooperation with the executive authorities of the Russian regions.
August 3, 2016