According to the current Russian legislation, independent appraisal of the property owned by the federal or municipal bodies is required in the event of any transactions
conducted with such property. These transactions include, but are not limited to property buy-out, lease, granting temporary rights and pledging.
The Russian law establishes the uniform procedure for making transactions with state-owned property, i.e. the property may not be appraised otherwise than by an independent
professional appraiser. This requirement is contained in Art. 8 of the Federal Law “On Valuation Activities in the Russian Federation”, which reads as follows:
“An appraisal is mandatory whenever a transaction involves any property owned, fully or partially, by the Russian Federation, constituent members thereof or
municipal entities, in particular when:
Should you require any professional assistance with state-owned property appraisal in Russian Federation, please contact us.