On 23 December 2010 the Russian Federation adopted a law by which it determined to accede to the Convention on International Interests in Mobile Equipment (the "Convention") and the related Protocol on Matters specific to Aircraft Equipment (the "Protocol") , with effect from 1 January 2011. In accordance with the procedure set out in the Convention, accession to the Convention and the Protocol will be complete after three months from depositing a formal instrument with the depository designated in the Convention.