Encyclopedia
Blocking of Funds
Freezing of funds refers to the restriction of the participant's right, at their own discretion, to dispose of monetary funds held on their special account in an amount equal to the security for the relevant bid, during the period provided for by this Federal law1.
Federal Law No. 44-FZ dated 05.04.2013 "On the Contract System in the Field of Procurement of Goods, Works, and Services for State and Municipal Needs", as amended on 2021-12-30, Article 44, paragraph 1 // Official Gazette of the Russian Federation. 2013. No. 14. Article 1652. ↩