Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 2.02.2009

Decision of the Government of the Russian Federation No. 29 of January 27, 2009 on the Placing in 2009 of the Temporarily Free Resources of the State Corporation Fund of Assistance of Reformation of the Housing and Communal Sector

The incomes from the placing of the temporarily free resources is one of the sources of generation of the property of the Fund of Assistance of Reformation of the Housing and Communal Sector.

Decision of the Government of the Russian Federation No. 42 of January 27, 2009 on the List of Edible and Non-Edible Raw Materials Used for Production of Ethyl Alcohol, Including the Denatured One

The list of edible and non-edible raw materials used for production of ethyl alcohol, including the denatured one, will be specified by the Ministry of Agriculture of Russia together with the Ministry of Public Health and Social Development of Russia and the Ministry of Finance of Russia.

Decision of the Government of the Russian Federation No. 61 of January 27, 2009 on the Procedure to Grant Credits in 2009 to the Budgets of the Subjects of the Russian Federation from the Federal Budget

In 2009, the credits from the federal budget to the subjects of the Russian Federation will be granted in the total amount of Rbl 20 billion.

Decision of the Government of the Russian Federation No. 65 of January 27, 2009 on the Endorsement of the Rates of Export Customs Duties for Individual Types of Fertilisers Exported outside the Member-States of the Customs Union Agreements

Introduces the zero rate of the export customs duty for individual types of fertilisers exported outside the member-states of the Customs Union agreements.

Order of the Central Bank of Russia No. OD-93 of January 27, 2009 on the Amendments to the Order of the Bank of Russia No. OD-101 of February 14, 2008 on the Credits Secured with Assets and Granted by the Bank of Russia to Credit Organisations

Beginning with February 2, 2009, the banks may get credits of the Bank of Russia secured not only with assets but also with guarantees.

Letter of the Central Bank of Russia and the Federal Antimonopoly Service Nos. 10-T, AK/1984 of January 28, 2009 on the Purchase of Stocks (Shares in the Registered Capital) of Banks in Compliance with the Federal Law on the Additional Measures to Enhance Stability of the Banking System in the Period until December 31, 2011

One of the measures to prevent bankruptcy of banks participating in the system of obligatory insurance of deposits of natural persons is the purchase by investors of stocks (shares in the registered capital) of the bank.

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