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This Law establishes organizational and legal bases for the transformation of property relations through privatisation of state and municipal property for the purpose of increasing efficiency of national economy and its social orientation, improving balance of payment of the Russian Federation, carrying out protectionism as regards national commodity producers. The document consists of III Sections that contain 31 Articles. Section I lays down the general provisions. Section II regards the modalities and methods of carrying out privatisation of state and municipal property. Section III lays down the conclusive provisions. Article 3 specifies that the provisions of this Law don't apply to privatisation of land, privatisation of natural resources, privatisation of cultural heritage and protected areas. Article 4 specifies that state property is classified in the program of privatisation as : 1). Property prohibited for privatisation ; 2). Property assigned to the state until further notice of the cessation of such assignation; 3). Property destined for privatisation with the ban on participation of foreign physical and juridical persons ; 4). Property destined for privatisation in accordance with the decrees and orders of the Government ; 5). Property destined for privatisation in accordance with the decisions of a Federal Executive Body.
