Monitoring of the Federal Legislation dated 30.10.2008

Decision of the Government of the Russian Federation No. 795 of October 27, 2008 on the Endorsement of the Rules of Providing Information by a Foreign Investor or a Group of Persons Including a Foreign Investor on the Transactions with Stocks (Shares) Comprising the Registered Capitals of Economic Companies Having a Strategic Significance for the Country's Defence and State Security

The actual legislation of the Russian Federation provides for a special control over the foreign investments in economic companies having a strategic significance for the country's defence and state security.

Decision of the Government of the Russian Federation No. 793 of October 27, 2008 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Some Alcohol-Containing Drinks, As Well As the Terminals for Electronic Payments Accepting Credit or Debit Cards

Introduces a 20% rate of the import customs duty for the above commodities.

Decision of the Government of the Russian Federation No. 797 of October 27, 2008 on the Endorsement of the Typical Rules of Obligatory Insurance of Civil Liabilities of the Carrier to the Passenger of the Air Vessel

Specifies the rights and duties of the insurer, insurant and the beneficiary.

Direction of the Central Bank of Russia No. 2088-U of October 8, 2008 on the Amendments to the Direction of the Bank of Russia No. 1363-U of December 25, 2003 on the Drawing up and Submission of the Financial Reports by Credit Organisations

The amendments envisage opportunities to use a different database generated on the basis of initial documents to draw up financial reports.

Order of the Ministry of Finance of the Russian Federation No. 107n of October 6, 2008 on the Endorsement of the Accounting Regulation PBU 15/2008 "Registration of Expenses of Loans and Credits"

Introduces a new procedure of generation in accounting work of information on expenses pertaining to obligations under received loans and credits.

Order of the Ministry of Finance of the Russian Federation No. 106n of October 6, 2008 on the Endorsement of the Accounting Regulations

Introduces new rules of development and disclosing of the accounting policy of organisations.