Monitoring of the Federal Legislation dated 30.04.2008

Decision of the Government of the Russian Federation No. 307 of April 25, 2008 on the Amendments to Some Acts of the Government of the Russian Federation on the Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

According to the Federal Law No. 275-FZ of November 28, 2007, commercial organisations concluding contracts of financing on the terms of monetary claims cession as financial agents must take measures against legalisation of incomes obtained in a criminal way and financing of terrorism.

Direction of the Central Bank of Russia No. 2000-U of April 28, 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 the Pledge of Promissory Notes, Claims Rights under Credit Contracts of Organisations and Guarantees of Credit Organisations

To confine inflation, introduces new interest rates for the credits of the Bank of Russia secured with the pledge of promissory notes, claims rights under credit contracts of organisations or guarantees of credit organisations.

Direction of the Central Bank of Russia No. 1998-U of April 28, 2008 on the Interest Rates for Deposit Operations of the Bank of Russia

Pursuant to the increase from April 29, 2008 of the rate of refinancing of the Bank of Russia by 0.25 percentage points (to 10.5% annual), the fixed interest rates for the deposit operations of the Bank of Russia are also increased from the mentioned date.

Direction of the Central Bank of Russia No. 1997-U of April 28, 2008 on the Rate of Refinancing of the Bank of Russia

To confine inflation and reduce dynamics of the monetary mass, the rate of refinancing (bank rate) of the Bank of Russia is increased from April 29, 2008 from 10.25% to 10.5% annual.