On 2 July 2013 the President signed Federal Law № 181-FZ amending the provisions of the Russian Budgetary Code in relation to granting subsidies to concessionaries.
As a general rule, subsidies may be granted to legal entities for a period not exceeding the term on limits for budgetary obligations (i.e. normally – three years). The adopted amendments, among other things, provide the possibility for granting subsidies to concessionaries for a period to be defined in concession agreements (i.e. possibly for a period of more than three years) on a basis of a decision of the relevant executive body.
The Law entered into force on 3 July 2013.