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 26.04.2005

Decision of the State Duma of the Federal Assembly of the Russian Federation No. 1764-IV GD of April 20, 2005 on the Procedure of Application of the Decision of the State Duma of the Federal Assembly of the Russian Federation on the Amnesty Relative to the 60th Anniversary of the Victory in the Great Patriotic War of 1941-45

Decision to apply the act of amnesty is taken for each person individually. In the absence of necessary information on this person, examination of the issue of application of the act of amnesty is postponed until additional documents are received.

The Decision on the amnesty applies to those having committed the crimes before its entry into force and the convicts serving the term on the territory of the Russian Federation. The Decision lists the categories of persons subject to the amnesty. Serving the term by the convicts is terminated from the day of endorsement of the decisions on the application of the act of the amnesty by the prosecutor.

The persons falling under the Decision on the amnesty are not exempted from administrative responsibility and the duty to reimburse the damage incurred as a result of illegal actions committed by them.

The Decision is entered into force from the day of its official publication.

Decision of the State Duma of the Federal Assembly of the Russian Federation No. 1761-IV GD of April 20, 2005 on the Amnesty Relative to the 60th Anniversary of the Victory in the Great Patriotic War of 1941-45

The punishment in the form of imprisonment shall not apply to the convict veterans of the Great Patriotic War, former prisoners of concentration camps, ghettos, other places of imprisonment created by the nazi Germany and its allies during World War II. Exemption from punishment shall also apply to those on probation, those with suspended punishment, as well as those convicted to punishment other than imprisonment. Besides, such citizens are exempted from additional types of unexecuted punishments. The mentioned persons shall be cleared off the criminal record.

Criminal cases processed by the bodies of preliminary investigation, as well as the criminal cases processed by the courts where the proceedings have not started yet, pertaining to crimes committed by the mentioned persons shall be terminated.

The Decision is entered into force from the day of its official publication and must be executed within six months.

Decision of the Government of the Russian Federation No. 249 of April 22, 2005 on the Terms and Procedure of Granting in 2005 of Resources of the Federal Budget Allocated for the State Support of Small Businesses Including the Peasant (Farmers') Enterprises

Resources of the federal budget envisaged in 2005 for the state support of small businesses shall be granted by the Ministry of Economic Development on the contest basis to the budgets of the subjects of the Russian Federation in the form of subsidies to finance the measures in the framework of the state support of small businesses.

The state support shall not be granted to organisations and independent entrepreneurs engaged in production of excisable commodities, as well as extraction and sale of mineral resources, participants of the product-sharing agreements, as well as non-residents.

Letter of the Central Bank of Russia No. 64-T of April 20, 2005 on the S.W.I.F.T. Registration of Credit Organisations

Credit organisations registered in the Society for Worldwide Interbank Financial Telecommunications (S.W.I.F.T.) are recommended to present to ROSSWIFT in the electronic form before July 1, 2005 information on the abbreviated name, organisational and legal form and actual address of the credit organisation in English.

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