Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 1.04.2008

Decision of the Government of the Russian Federation No. 225 of March 29, 2008 on the Prolongation of the Rates of Export Customs Duties for Wheat, Meslin and Barley

Prolongs the rates of export customs duties for wheat, meslin and barley exported outside the member-states of the Customs Union agreements until June 30, 2008 inclusive.

Decision of the Government of the Russian Federation No. 218 of March 28, 2008 on the Amendment to Item 2 of the Decision of the Government of the Russian Federation No. 671 of October 12, 2007 on the Seasonal Duties for Raw Cane Sugar and Individual Types of Sugar Imported to the Territory of the Russian Federation in 2007 and 2008

Abandons the rule stating that the mentioned rates of seasonal duties are invalidated before the specified time limit if the average monthly price for raw sugar at the New York Commodity Exchange becomes greater than USD 259.99 per ton.

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