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The financial arrangements for joint activities will be agreed to on a project-by-project basis.

All joint activities are subject to the laws and regulations of the two countries.

The Office of International Affairs of the National Research Council and the Department of Foreign Relations of the Russian Academy of Sciences will serve as the executive agents in the implementation of this agreement.

Each year, representatives of the two Academies will review progress in carrying out activities under this Agreement.

Done in New York, in duplicate this second day of February 2002, in the English and Russian languages, each text being equally authentic.

Bruce Alberts

President, National Academy of Sciences

Wm. A. Wulf

President, National Academy of Engineering

Kenneth Shine

President, Institute of Medicine

Yuri Osipov

President, Russian Academy of Sciences



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