On Subsoil

 

On 30 November 2011 the President signed Federal Law No. 364-FZ amending the Law “On Subsoil” in relation to subsoil plots of local importance.

According to the Law “On Subsoil”, the powers for the allocation of subsoil plots of local importance come under the joint jurisdiction of federal and regional authorities. However, criteria for allocating and the procedure for granting such plots have not been established. The amendments specify the definition of subsoil plots of local importance to include subsoil plots containing commonly occurring natural resources and those used for the construction and use of underground facilities of local importance not related to the production of natural resources. The amendments also authorize regional authorities to grant such plots for use but with the approval of the Federal Agency for Subsoil Use or its territorial departments.

The Law entered into force on 12 December 2011.

For further information please contact Igor Ostapets or Irina Dmitrieva in the Moscow office of White & Case, tel + 7 495 787 3000 .

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