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 15.04.2005

Decision of the Government of the Russian Federation No. 214 of April 13, 2005 on the Endorsement of the Rules of Organisation and Carrying out of Works in Obligatory Confirmation of Compliance of the Means of Communication

Specifies the rules of obligatory confirmation of compliance of the means of communication used in a public-use communication network, as well as in technological communication networks and special-purpose communication networks if they are connected to a public-use communication network. The means of communication used in technological communication networks and special-purpose communication networks are subject to obligatory certification where it pertains to their connection to a public-use communication network.

The means of communication other than those included in the list of the means of communication subject to obligatory certification need compliance declaration. Compliance declaration includes adoption of a compliance declaration by the applicant on the basis of own proof and proof obtained from an accredited testing laboratory (centre).

Before the entry into force of the special acts, obligatory confirmation of compliance of the means of communication shall include compliance with the requirements specified in the normative legal acts of the Russian Federation adopted before July 1, 2003 and normative legal acts of the federal bodies of executive power in the sphere of communication adopted before January 1, 2004.

Decision of the Government of the Russian Federation No. 212 of April 13, 2005 on the Endorsement of the Rate of the Export Customs Duty for Individual Types of Cellulose

The rate of the export customs duty for the cellulose of wood, soda or sulphate, other than dissolving grades, unbleached, semi-bleached or bleached, coniferous (codes according to the Foreign Trade Commodity Nomenclature 4703 11 000 0, 4703 21 000 1, 4703 21 000 9) is fixed in the amount equal to zero.

The Decision is entered into force one month after the day of its official publication.

Letter of the Federal Service for Financial Markets No. 05-OV-01/4644 of March 30, 2005 on the Codes of Professional Ethics of the Management Companies, Specialised Depositories, Brokers Engaged in Activities Pertaining to the Generation and Investing of Resources of Accumulated Pensions

The codes of professional ethics of the management companies, specialised depositaries, brokers engaged in activities pertaining to the generation and investing of resources of accumulated pensions shall be adopted on the basis of the typical code endorsed by the Decision of the Government of the Russian Federation No. 770 of December 12, 2004. The Letter lists the provisions to be included in the adopted codes.

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