Auction consists of several stages:
Period for application receipt opens the day after official release about the auction on the official website of the Russian Federation for auction information placement () and lasts at least 30 working days. To submit the application a participant must be , attach all necessary documents prepared in accordance with the of tender documentation to an application and . Sum of collateral is stated in the auction Notice.
The Applications Review Protocol including the Committee’s decision to admit or refuse applications is published in the corresponding section of the electronic market place () and on the official website the day after the Protocol was signed.
At 9:30 am (Moscow zone) on the auction day stated in the tender documentation, the auction procedure takes place. The size of a bid is determined in the Notice.