Monitoring of the Federal Legislation dated 18.08.2011

Decision of the Government of the Russian Federation No. 677 of August 12, 2011 on the Endorsement of the Rules of Conclusion of Lease Contracts for the State or Municipal Property of State Institutions of Higher Professional Education (Including Those Created by State Academies of Sciences) or Municipal Institutions of Higher Professional Education, State Scientific Institutions (Including Those Created by State Academies of Sciences)

Institutions of higher education may lease their property to their economic companies without contest.

Information of the Central Bank of Russia of August 12, 2011

Banks must discontinue contracts of acceptance of payments with operators from September 29, 2011.

Letter of the Federal Tax Service No. AS-4-3/13454@ of August 17, 2011 on the Information Necessary of Calculation of the Tax on Extraction of Mineral Recourses for Oil for July 2011

Increases the rate of the tax on extraction of mineral resources for oil because of the growth of world prices.