Reference
The document was drafted by the Russian Finance Ministry to implement the executive order of the Russian President dated 8 July 2013.
The executive order determines the sole executors providing services in support of the implementation of investment projects and banks with relevant experience within the context of the Russian Government’s Executive Order No. 1033-r of 27 July 2009.
The signed document establishes a list of investment projects to be carried out with the support of Sberbank of Russia, Gazprombank and VTB Bank.
Support for the investment projects listed in the executive order should include an analysis of the possibilities for securing private investment for such projects and conducting mandatory public audits of the technology and costs involved.
The implementation of the executive order will increase the efficiency of the use of funds from the federal budget and rule out the possibility of their misuse.