Production Sharing Agreements: A Difficult Fate in Russia

The article provides a brief historical analysis of the conclusion and implementation of production sharing agreements (PSA) in the Russian Federation, stages of development of legislation in the field of PSA regulation. The author analyses changes in the legal regulation of PSA over the past two years, which led to changes in the composition of subjects and provisions of production sharing agreements in force in the Russian Federation. Based on the analysis conducted, conclusions are drawn about possible options for further development of the PSA institution in the Russian Federation, including the possibility of replacing PSA with a subsoil use regime on the basis of a license agreement in accordance with the Law of the Russian Federation “On Subsoil”.