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Upper house of Russian parliament approves frame law on state defence order

Earlier, the document was approved by the Federation Council’s defence and security committee

MOSCOW, December 27 (Itar-Tass) —— Russia’s Federation Council upper parliament house on Wednesday approved a frame law on the state defence order that was submitted by the government. Now the law is to be signed by the Russian president.

The law fixes basic principles and methods of regulating prices on defence order products. The document also specifies basic obligations of the ordering and executing parties “in order to enhance their responsibility for efficient placement and execution of the state defence order.” Apart from that, the law specifies antimonopoly requirements in this area to prevent unfair overpricing of raw materials, components, works and services.

Earlier, the document was approved by the Federation Council’s defence and security committee.

The law comes into force from January 1, 2013.

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