The President signed Federal Law On Amendments to the Merchant Shipping Code of the Russian Federation as regards the formation of the Russian Open Register of Ships in connection with the Adoption of the Federal Law On International Companies and the Federal Law On Special Administrative Areas in the Kaliningrad Region and the Primorye Territory, says the Kremlin.
The Federal Law introduces a number of amendments to the Merchant Shipping Code of the Russian Federation to allow establishing a Russian Open Register of Ships.
In particular, the Federal Law provides for the granting of the right to sail under the National Flag of the Russian Federation to ships entered into the Russian Open Register of Ships, which are owned by foreign citizens, foreign legal entities or legal persons registered in accordance with the Federal Law On International Companies.