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 9.03.2006

Decree of the President of the Russian Federation No. 175 of March 3, 2006 on the Amendments to the Decree of the President of the Russian Federation No. 611 of May 12, 2004 on the Measures to Ensure Information Security of the Russian Federation in the Sphere of International Information Exchange

Abandons the earlier introduced prohibition to install hardware connected to public information systems, networks and communication networks, including the Internet, used in international information exchange in rooms for negotiations where issues containing information compromising the state secret are discussed.

According to introduced amendments, deployment of the mentioned hardware is permitted in the presence of the special certificate permitting its operation in rooms for negotiations on issues containing secret information. Expenses pertaining to the deployment of hardware in the mentioned rooms of the federal bodies of state power shall be allocated within the limits of resources of the federal budget envisaged for their maintenance.

Besides, Administration of the President of the Russian Federation, office of the Council of the Federation, office of the State Duma, office of the Government of the Russian Federation, offices of the Constitutional Court of the Russian Federation, Supreme Court of the Russian Federation, Higher Arbitration Court of the Russian Federation and the Prosecutor General of the Russian Federation are permitted in exclusive cases upon coordination with the Federal Guard Service of the Russian Federation to connect to Internet and submit information through Internet segments and technological server sites maintained by: federal bodies of executive power, their subordinate institutions and organisations; Russian Academy of Sciences, scientific academies and other scientific organisations with the state status; state institutions of higher professional education.

Earlier, the mentioned structures could maintain interaction with the Internet only through the segment designed for the federal bodies of state power and the bodies of state power of the subjects of the Russian Federation and supervised by the Federal Guard Service of the Russian Federation.

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

Direction of the Central Bank of Russia No. 1663-U of March 3, 2006

From March 6, 2006, increases the interest rates for the instruments of attraction of monetary resources with credit organisations: deposits on standard terms "tom next", "spot next" and "on demand" to 1% annual, "1 week", "spot week" to 1.5% annual.

Letter of the Central Bank of Russia No. 33-T of March 2, 2006 on the Use of Software

The use of quality software of outgoing control of dispatched messages to the authorised body (both own and purchased at the market) envisaged in the Federal Law on the combating of legalisation (laundering) of incomes obtained in a criminal way and financing of terrorism reduces significantly the share of rejected correspondence.

Letter of the Central Bank of Russia No. 32-T of March 1, 2006 on the Filling of Individual Fields of Payment Orders to Transfer to the Budget System of the Russian Federation Individual Types of Incomes Administered by the Bank of Russia

Explains the procedure of filling of payment orders to transfer to the budget system of the Russian Federation the following incomes administered by the Bank of Russia in compliance with the Order of the Ministry of Finance of the Russian Federation No. 106n of November 24, 2004: the state duty for the state registration of entities, for the licensing, for the state registration of issues (additional issues) of emission securities, as well as monetary penalties (fines) for the violation of the legislation on banks and banking activities.

Letter of the Central Bank of Russia No. 31-T of February 27, 2006 on Inclusion of Securities in the Lombard List of the Bank of Russia

The Lombard List of the Bank of Russia shall include now the bonds of the city loans of Moscow with the state registration number of issue RU31047MOS0.

The Letter shall apply beginning with the day of its publication in the Herald of the Bank of Russia, however, no sooner than the day when the above bonds are permitted for circulation at the organised market of securities in the sector of payments for the state federal securities.

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