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The President approved a list of instructions following the meeting with Government members held on December 11, 2018.
The Government of the Russian Federation has been instructed to ensure the introduction of amendments to legislation that provide for upgrading the instruments of control over the activities of developers by the public-law company Fund for the Protection of the Rights of Citizens Participating in Shared-Equity Construction and monitoring bodies of the regions of the Russian Federation.
In particular, the instructions also concern different aspects of completing the construction of problem multiple-dwelling buildings and determining the sources of funding for this work, including the use of escrow accounts.
The Government has also been instructed to ensure, if necessary, the introduction of amendments to legislation related to the recognition of a troubled developer as bankrupt and the transfer of the problem building for completion to another developer and certain other issues.
December 28, 2018