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InternationalPresidential decree on demand and protection of Russian property abroad

Presidential decree on demand and protection of Russian property abroad

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The President of Russia, Vladimir Putin, has signed a decree to allocate funds for the legal protection of real estate of the Russian Federation abroad, including those of the Russian Empire and the USSR. At the same time, funds are also allocated for the search for Russian properties abroad.

Russia allocated funds to the request, layout and legal protection of property belonging to a foreign country, including the times of the USSR and the Russian Empire. An order about it was signed by Russian President Vladimir Putin on January 18, Izvestia reports.

Subsidy for these purposes was received by a foreign property management company, which is part of the Presidential Administration (UDP) of Russia. It is assumed that the funds must cover all financial costs of carrying out the necessary actions.

Another subsidy for the reimbursement of expenses for the maintenance and operation of federal Russian real estate abroad was allocated to the company by decree of the state government.

“To designate the Federal State Unitary Enterprise “Enterprise for Property Management Abroad” under the Administration of the President of the Russian Federation as a recipient of a subsidy provided by the federal budget for financial support of expenses related to the search for real estate of the Russian Federation , the former Russian Empire, the former USSR, the correct registration of the rights of the Russian Federation in relation to the existing federal real estate and the open real estate of the Russian Federation, the former Russian Empire, the former USSR and legal protection of this property,” the document reads.

According to the decree adopted in 2015, the State Department and the Ministry of Foreign Affairs of the Russian Federation must deal with the search and layout, as well as the protection of foreign real estate in Russia, within the limits of their competence. A state subsidy was allocated for these purposes. However, starting in 2021, the rules for the allocation of funds were adjusted, and a request for similar property ceased to be the basis for the allocation of new funds. The current decree restores subsidies and appoints a specific authorized enterprise.

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