Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 8.10.2001

Decision of the Government of the Russian Federation No. 690 of September 25, 2001 on the Tied Federal Program "Seismic Security of the Territory of Russia (Years 2002-2010)"

The program specifies the measures permitting to reduce the risks in seismic regions, reduce the damage from destructive earthquakes, as well as prepare the residential settlements, transport, power supply and other objects for strong earthquakes. For this purpose, it is planned to arrange investigation and certification of the buildings and structures in seismic regions, development of the system of information support for seismic risk control and other. Fulfilling of the given measures will permit to build the economic mechanism of improving the level of safety for the population and reduce the expenses of the elimination of the consequences of the earthquakes.

Order of the Ministry of Finance of the Russian Federation No. 69n of September 4, 2001 on the Particulars of Application by Insurance Organizations of the Chart of Accounts of Financial and Economic Activities of Organizations and the Instruction for Its Application

Beginning with January 1, 2002, insurance organizations must apply the new Chart of Accounts taking into account the particulars and amendments specified in the Order. The Order introduces new accounts: 22 "Payments under Insurance, Coinsurance and Reinsurance Contracts", 77 "Settlements in Insurance, Coinsurance and Reinsurance", 92 "Insurance Premiums (Contributions)" and 95 "Insurance Reserves". The Order explains the rules of application of the mentioned accounts, specifies their correspondence with other accounts and defines the moment of entering of appropriate accounting records.
According to the statement of the Ministry of Justice of the Russian Federation No. 07/9465-AK of September 25, 2001, the present Order does not need state registration.

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