State Guarantee of the Russian Federation
The state guarantee of the Russian Federation - providing a state guarantee of the Russian Federation in favor of one beneficiary to secure the performance of obligations by several Russian legal entities (principals) (including principals who will be determined after the provision of the state guarantee of the Russian Federation, when in the future contracts or other transactions (principal obligations) are concluded or performed, from which or in connection with the performance or non-performance of which in the future secured monetary obligations of the principals to the beneficiary under such a state guarantee of the Russian Federation will arise)1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2020-05-25, art. 115.1-2, para. 1 // RSZ RF. 1998. No. 31. Art. 3823. ↩