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During 2013 the Russian lawmakers had extensive discussions regarding amendments to be introduced to the Russian pledge law. As a result of these long-lasting debates, Federal Law No. 367-FZ “On Amendments to Part I of the Civil Code of the Russian Federation and Repeal of Certain Legal Acts (Provisions of Legal Acts) of the Russian Federation” was signed by the President of the Russian Federation on 21 December 2013 (the “Amendment Law”).