Federal Law No. 75-FZ “On agreements concluded during the implementation of geological study, exploration and production of hydrocarbon raw materials and amending “Law No. 2395-I on subsoil”.

This Federal Law governs agreements related to financing management in the context of mineral resource development. Its primary objective is to establish a legal framework for the joint activities of parties involved in financing and developing mineral resources, ensuring compliance with existing licenses and technical project documentation. Key legal principles include the recognition of joint activities' results, which encompass extracted minerals, monetary proceeds from their sale, and other assets, as well as the stipulation that such results do not constitute joint ownership unless specified in the financing agreement. This Federal Law specifies essential measures for the distribution of results from joint activities, including the determination of the total quantity and value of extracted minerals, the identification of compensatory shares, and the allocation of proceeds among the parties involved. It mandates that financing agreements must be in written form and include provisions for the valuation of extracted resources and the distribution of income. Compliance requirements include maintaining accurate records of expenses and extracted resources, as well as providing quarterly reports on development activities unless otherwise agreed. The implementation of this Federal Law involves establishing clear procedures for the approval of development plans, which must align with licensing conditions and be integrated into service risk agreements. The document emphasizes the importance of rational resource use, environmental protection, and adherence to safety standards during operations. It also highlights the need for cooperation with governmental authorities and local self-governance bodies, ensuring that stakeholders are actively involved in the process.