
Article 1 
The Agreement in the form of an Exchange of Letters between the European Union and the Russian Federation relating to the introduction or increase of export duties on raw materials is hereby approved on behalf of the Union.
Article 2 
The President of the Council shall designate the person(s) empowered to proceed, on behalf of the Union, to make the notification provided for in the Agreement in order to express the consent of the Union to be bound by the Agreement.
Article 3 
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 24 July 2012.
For the Council
The President
A. D. MAVROYIANNIS