The procedure for treasury security of obligations under bank support of government contracts in 2021 has been approved.
In accordance with Part 9 of Article 5 of Federal Law No. 385-FZ of December 8, 2020 "On the Federal Budget for 2021 and for the Planning Period of 2022 and 2023", the Ministry of Finance of the Russian Federation and the Bank of Russia have established the procedure for implementing treasury collateral for obligations under bank support of state contracts subject to bank support in accordance with paragraph 3 of the Decree of the Government of the Russian Federation of September 20, 2014. No. 963 "On the implementation of Banking Support of contracts", and the terms of which provide for treasury security of obligations (Order of the Ministry of Finance of the Russian Federation and the Bank of Russia of December 31, 2020 No. 342n, 750-P).
In particular, the document defines the procedure for:
information interaction during the execution of the contract;
issuance and transfer of treasury security obligations;
execution and revocation of treasury security obligations, including transferred securities;
return without execution of the relevant documents.
The regulation came into force on May 10 of this year.