The government of Tajikistan instructed to approve an agreement on the sale and purchase of a part of the share of the Russian Federation in the paid-in authorized capital of the Eurasian Development Bank (EDB).
The corresponding decree, signed by the government of the Republic of Tatarstan, was published on April 7 on the portal of legal information of the Ministry of Justice of the Republic.
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The Ministry of Foreign Affairs is instructed to agree with the Russian side on the date and place of signing the agreement, and the Minister of Finance is instructed to sign it.
The draft agreement states that part of the Russian Federation’s share in the paid authorized capital of the EDB, which is 64 thousand shares with a nominal value of $64 million, is transferred to the ownership of the Republic of Tatarstan as a stake in the specified regional financial institution.
The Government of Tajikistan undertakes to pay the received shares to the Government of the Russian Federation until September 2, 2027 inclusive “by making a lump-sum payment in the amount of 100 percent of the cost of the participation share”, that is, $64 million.
If the payment by the Tajik side is not made or is not made in full on time, the ownership of the participation interest is transferred back to the Russian Federation from September 3, 2027.
Source: forbes