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 8.02.2008

Decision of the Government of the Russian Federation No. 48 of February 5, 2008 on the Endorsement of the Rate of the Import Customs Duty for Sticking Paper and Paperboard

Endorses on the permanent basis the rate of the import customs duty for sticking paper and paperboard (code according to the Foreign Trade Commodity Nomenclature of Russia 4811 41 900 0) in the amount of 5% of the customs cost.

Direction of the Central Bank of Russia No. 1972-U of February 1, 2008 on the Amendments to the Direction of the Bank of Russia No. 1601-U of August 5, 2005 on the Terms for the Bank of Russia to Grant Credits to Credit Organisations Secured with Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

Specifies new interest rates for the credits of the Bank of Russia secured with promissory notes, claims rights under credit contracts of organisations or guarantees of credit organisations.

Letter of the Central Bank of Russia No. 11-T of January 31, 2008 on the Reduced Corporate Name of the Credit Organisation

When the credit organisation uses the words "bank" ("non-bank credit organisation") in its full corporate name, there is no need to repeat them in the reduced corporate name.

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