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MOSCOW, December 29. /TASS/. Russian President Vladimir Putin has signed a law regulating legal protection of a foreign state and its property in the Russian Federation, and the text of the document has been posted on the official website of legal information.
Russian legislation is currently based on the concept of absolute immunity, which means that the property of a foreign state is not arrested and a court ruling against it is not enforced.
The law for the first time sets the limits of immunity for foreign states and their property in the Russian Federation and defines cases when the state and its property do not enjoy jurisdictional immunity.
The document has been developed in line with modern approaches and court practice of foreign states, and its adoption will boost the efficiency of judicial protection of Russia’s interests and property when considering disputes.