Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 5.04.2006

Federal Law No. 46-FZ of April 3, 2006 on the Amendments to the Criminal Execution Code of the Russian Federation

Introduced amendments improve legal regulation of execution of punishment in the form of detention and make it more humane. The Law extends the rights of convicts for personal security. The chief of the institution or the body in charge of execution of the punishment bears responsibility for the measures of security of the convict being a participant in the criminal proceedings.

The Law does not restrict opportunities of serving the term in the preliminary investigation ward with the term specified for the convict. Such opportunities may be granted to convicts assigned to a common-regime corrective colony who did not serve the term earlier. The Law lifts restrictions for the convicts on the amount of resources available at their disposal from earnings, pensions, social allowances and monetary transfers that they may spend to purchase foodstuffs and first-necessity items. The Law excludes the norm introducing separate detention in residential-settlement colonies for the persons convicted for crimes of carelessness, convicted for the first time and those transferred from common-regime and strict-regime colonies because of positive conduct. All convicts without age restrictions may enjoy extramural studies in institutions of secondary and higher professional education.

Federal Law No. 45-FZ of March 31, 2006 on the Amendment to Article 13 of the Federal Law on the Quality and Safety of Foodstuffs

The list of the federal bodies of executive power in charge of the state enforcement and control in the sphere of quality and safety of foodstuffs specified in the text of the Federal Law now does not include the bodies of the State Cereals Inspection of the Government of the Russian Federation abolished by the Decision of the Government of the Russian Federation No. 708 of December 1, 2004.

Decision of the Government of the Russian Federation No. 186 of March 31, 2006 on the List of Commodities Prohibited from Placing under the Customs Regime of Free Customs Zone Applied in the Kaliningrad Province

Endorses the list of commodities prohibited for placing under the customs regime of free customs zone applied in the Kaliningrad Province. The list includes: live bovine animals other than purebred pedigree animals weighing not greater than 80 kg; live swine other than purebred pedigree animals weighing less than 50 kg; live poultry; meat of bovine animals, fresh or chilled, other than boneless; other foodstuffs; goods of industrial and household destination.

The Decision is entered into force from April 1, 2006.

Decision of the Government of the Russian Federation No. 185 of March 31, 2006 on the Endorsement of the List of Excisable Goods Prohibited from Production under Investment Projects Implemented by a Resident of the Special Economic Zone in the Kaliningrad Province

Endorses the list of excisable goods production of which may not be included in investment projects implemented by residents of the special economic zone in the Kaliningrad Province. The list includes: ethyl alcohol of all types of raw materials; alcohol-containing products (solutions, emulsions, suspensions and other types of product in liquid form) with ethyl alcohol content by volume greater than 9%; alcoholic products (drinking alcohol, vodka, liqueurs, cognacs, wine and other edible products with ethyl alcohol content by volume greater than 1.5% other than wine materials); beer; tobacco items; gasoline; diesel fuel; motor oils for diesel and carburettor (injection) engines; straight-run gasoline.

Decision of the Government of the Russian Federation No. 184 of March 31, 2006 on the Endorsement of the List of Simple Assembly and Other Operations Failing to Change Significantly the Commodity and Failing to Meet the Criteria of Enough Processing of Commodities Originating in the Special Economic Zone in the Kaliningrad Province

Endorses the list of simple assembly and other operations failing to change significantly the condition of the commodity and failing to meet the criteria of enough processing of commodities originating in the special economic zone in the Kaliningrad Province. Proposals to introduce changes in the given list shall be submitted by the Ministry of Economic Development of Russia.

Decision of the Government of the Russian Federation No. 183 of March 31, 2006 on the Criteria of Enough Processing of Meat

Specifies that in the determination of the country of origin of the products of processing of meat of raw materials classified in Headings 0201, 0202, 0203, 0204, 0205 and 0207 of the Foreign Trade Commodity Nomenclature of Russia and imported to the customs territory of the Russian Federation, including the territories of special economic zones, the following operations do not meet the criteria of enough processing: operations of mixing of meat, including the poultry meat of mechanical boning, with spices and/or vegetable proteins and/or salt; other operations failing to change significantly the condition of the commodity, including the salting by pumping, cutting of meat with bone in and mechanical boning of poultry meat.

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

Order of the Federal Service of Enforcement in the Sphere of Education and Science No. 887 of March 30, 2006 on the Uniform State Examination on the Territory of Moscow in 2006

The uniform state examination on the territory of Moscow in 2006 shall be carried out: at the stage of the state (final) certification of graduates of institutions of general education (in May-June) in the subjects of general education: Russian language, mathematics, physics, literature, chemistry, biology, geography, history of Russia, public management, English language; at the stage of entrance testing in institutions of secondary and higher professional education in the subject of general education: history of Russia.

Regulation of the Central Bank of Russia No. 284-P of March 29, 2006 on the Procedure of Issue of the Bonds of the Bank of Russia

The issue shall be arranged on the basis of the decision to place the bonds adopted by the Board of Directors of the Bank of Russia and the decision on the issue (additional issue) of the bonds endorsed by the Board of Directors.

The volume of each issue of the bonds shall be determined taking into account the estimated limiting amount of the total nominal cost of the bonds of the Bank of Russia of all issues unredeemed as of the date of adoption of the decision by the Bank of Russia to endorse the appropriate decision to issue the bonds.

The Bank of Russia shall assign an identification number to the issue according to the procedure specified by the federal body of executive power in charge of the securities market. The issue of the bonds is supplies with a certificate of the bonds.

The placing of the bonds may be arranged in separate portions (tranches). It begins no sooner than 3 days after the day of disclosing of information by the Bank of Russia available in the decision on the issue of the bonds by publishing it on the page of the Bank of Russia in the Internet.

The Regulation specifies the procedure and time limits for the placing of information on the adopted decision to place the bonds, on the issues of the bonds, on execution of obligations under the bonds.

The Regulation is entered into force 10 days after the day of publication in the Herald of the Bank of Russia.

Procedure of Keeping of the Register of Banks (Endorsed by the Decision of the Management Board of the State Corporation "Agency of Insurance of Deposits" of February 19, 2004 (Protocol 5) (with Amendments Introduced by the Decisions of the Management Board of the Agency of Insurance of Deposits of September 9, 2004 (Protocol 35), of April 13, 2005 (Protocol 26) and of March 23, 2006 (Protocol 16)

The endorsed procedure specifies the composition of information included in the register, defines the procedure of inclusion of banks in the register and exclusion of banks from the register, as well as of providing information included in the register to third parties.

The bank is included in the register on the basis of the notification of the Bank of Russia on the issue of the license to the bank to attract in deposits monetary resources of natural persons and to open and keep bank accounts of natural persons. The Agency shall take the decision to include the bank in the register on the day of receiving of the given notification of the Bank of Russia. The date of inclusion of the bank in the register is considered to be the date of issue of the mentioned license to it.

The bank possessing the license for attraction of monetary resources of natural persons in deposits and for the opening and keeping of bank accounts of natural persons shall be included in the register of banks on the basis of the notification of the Bank of Russia of the adoption of the positive statement of the bank's compliance with the requirements of participation in the deposit insurance system specified in the Federal Law on the insurance of deposits of natural persons in the banks of the Russian Federation. The Agency shall take the decision to include the bank in the register no later than the next working day after the day of receiving of the mentioned notification of the Bank of Russia.

The grounds to exclude the bank from the register shall include: revocation (abatement) of the license of the Bank of Russia and termination by the Agency of the procedure of paying out of reimbursement on deposits; termination of the right of attraction of monetary resources of natural persons in deposits and of opening and keeping of accounts of natural persons because of replacement of the license of the Bank of Russia and execution by the bank of its obligations to depositors; termination of the bank's activities because of reorganisation.

The register is maintained in the electronic form and is placed on the official site of the Agency in the Internet.

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