SROs in the construction industry will be allowed to spend compensation funds to mitigate the consequences of sanctions From IFX

organizations (SROs) in the field of construction, reconstruction, overhaul, it is proposed to allow national associations of SROs in the field of construction until December 31, 2023 to use the funds of compensation funds to reduce the negative consequences of the imposition of sanctions.

Amendments were made by the chairman of the Duma of the Construction Committee Sergey Pakhomov, head of the financial market committee Anatoly Aksakov, deputy Vladimir Koshelev.

According to the amendments, until December 31, 2023, compensation funds credited special bank accounts of national associations of SROs may be used to carry out their functions aimed at reducing the negative consequences of the introduction of restrictive economic measures against the Russian Federation.

It will be possible to spend only funds that were not used for payments in connection with with the onset of joint and several or subsidiary liability in case of compensation for damage caused due to destruction, damage to a capital construction object, or for compensation for damage caused due to improper performance by a member of the SRO of obligations under the work contract.

It will also be possible to use funds not claimed by individual entrepreneurs or companies for two or more years from the date of their enrollment.

The list of functions for which it will be possible to spend compensation funds will be determined by the Ministry of Construction.

The bill is planned consider at the plenary session on Thursday in the second and third reading.

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