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MOSCOW, October 18 (Itar-Tass) — President Vladimir Putin has signed a Federal Law on ratification of the Agreement about keeping the specialization of enterprises and organizations participating in the manufacture of products of military purpose within the framework of the Collective Security Treaty Organization (CSTO), the Kremlin press service reports Thursday.
The Law was adopted by the State Duma lower house of parliament on September 28 and approved by the Federation Council upper house on October 10.
The Federal Law ratifies the Agreement about keeping the specialization of enterprises and organizations participating in the manufacture of products of military purpose within the framework of the CSTO (hereinafter referred to as Agreement), signed in Moscow on December 10, 2010.
The main provision of the Agreement is an assignment to the CSTO Interstate Commission for Military-and-Economic Cooperation to compile lists of enterprises and organizations the specialization of which is expedient to keep in the interests of military-and-economic cooperation among the CSTO member-states (The lists are appended).
In accordance with the Agreement, the said lists will enable authorized agencies to establish a procedure and a timeframe for phase-out of military products manufactured at such enterprises and decide on their participation in joint development and production of new specimens of armament and military hardware.
The implementation of the Agreement will not entail additional expenditure from the Federal budget.
The Agreement does not contain rules other than those provided for by the legislation of the Russian Federation (RF).
In line with subpoint "g" of Point 1 of Article 15 of the Federal Law "On International Treaties of the RF", the Agreement is subject to ratification, for it involves matters concerning the defense capacity of the RF.