The Federal Law improves the procedure for granting subsoil plots of local importance for exploration and production of common useful minerals, and also specifies the range of persons who may be subsoil users.
In particular, the Federal Law provides that minerals may be used by legal entities established in accordance with legislation of the Russian Federation and individual entrepreneurs who are citizens of the Russian Federation, unless otherwise provided by federal laws.
The Federal Law sets out the procedure for the transfer of subsoil rights from subsoil users who are foreign persons to legal entities established in accordance with legislation of the Russian Federation, and in this case, for reissuing a subsoil license.