OREANDA-NEWS. January 25, 2016. In compliance with Clause 2 of Article 18926, Clause 3 of Article 18927 and Articles 18931, 18932 and 18935 of the Federal Law ‘On Insolvency (Bankruptcy)’ and following the revocation of the banking licence from Foreign Economic Industrial Bank, limited liability company (Bank of Russia Registration No. 3261, date of registration — 3 July 1995), (Order No. OD-141, dated 21 January 2016) the Bank of Russia decided (Order No. OD-142, dated 21 January 2016):

to rule that the provisional administration of the credit institution Foreign Economic Industrial Bank, limited liability company, appointed by Bank of Russia Order No. OD-3658, dated 18 December 2015, ‘On the Appointment of the Provisional Administration to Manage the Moscow-Based Credit Institution Foreign Economic Industrial Bank, limited liability company, or Vneshprombank LLC’, shall perform the functions envisaged by the Federal Law ‘On Insolvency (Bankruptcy)’ and exercise other powers determined by the Federal Law ‘On Insolvency (Bankruptcy)’, the Federal Law ‘On Banks and Banking Activity’ and the related Bank of Russia regulations from 21 January 2016;

to rule that the provisional administration of the credit institution Foreign Economic Industrial Bank, limited liability company, shall be effective until the arbitration court adjudication on the recognition of bankruptcy and initiation of bankruptcy proceedings (appointment of a receiver) or until the arbitration court adjudication on the appointment of a liquidator becomes valid.