Rules for Tender Selection of Joint Implementation Projects under Kyoto Protocol

On 28 October 2009, the Russian Government adopted two enactments concerning joint implementation projects under the Kyoto Protocol to the United Nations Framework Convention on Climate Change (the "KyotoProtocol")in the Russian Federation, namely:

1. Russian Government Resolution No. 843 "On Measures to Implement Article 6 of the Kyoto Protocol to the United Nations Framework Convention on Climate Change" (the "Resolution"); and
2. Regulations "On Implementation of Article 6 of the Kyoto Protocol to the United Nations Framework Convention on Climate Change" (the "JIRules").

For implementation of the JI Rules, the Russian Ministry for Economic Development (the "MED") by its Order No. 485 of 23 November 2009 approved the "Rules for the Tender Selection of Applications for Approval of Projects Developed Under Article 6 of the Kyoto Protocol to the United Nations Framework Convention on Climate Change" (the "Tender Rules"). The Tender Rules were registered by the