RUSSIA DE JURE ACCEDES TO VIENNA CONVENTION ON CIVIL LIABILITY FOR NUCLEAR DAMAGE
RIA Novosti
MOSCOW, March 22 (RIA Novosti) - Russian President Vladimir Putin has signed the federal law On Ratification of the Vienna Convention on Civil Liability for Nuclear Damage, a Kremlin spokesperson reported.
The law was passed by the State Duma on March 2, 2005 and approved by the Federation Council on March 11, 2005.
The Vienna Convention on Civil Liability for Nuclear Damage became open for accession on May 21, 1963 and entered into force in November 12, 1977. Over 30 nations have joined the convention to date.
The convention was signed on behalf of the Russian Federation in Vienna on May 8, 1996.
The convention is the fundamental international legal document setting liability, procedure, timeframe and principles of offsetting damage resultant from incidents at civilian nuclear installations.
Under the convention, the country responsible for a nuclear installation or an operator appointed by it should offset damage resultant from any incident in line with a relevant decision of a court in the country where the incident takes place. Under the convention, each signatory is to set the upper liability limit that cannot be below $55 million at present under the convention. The above money is designed to compensate victims both in the country the incident takes place and abroad.
The convention benefits the interests of the Russian Federation. Accession to it is to facilitate Russia's more proactive participation in the international cooperation on using nuclear power.
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