Monitoring of the Federal Legislation dated 31.05.2022

Information of the Bank of Russia dated April 29, 2022 - The Bank of Russia decided to reduce the key rate by 300 bps, to 14.00% per annum

Order of the Federal Tax Service No. ED-7-21/247@ of March 30, 2022 - The form of explanations in connection with the message on the calculated amounts of transport tax, corporate property tax and land tax has been approved.

Draft federal law No. 116261-8 on amending the Federal Law on the Legal Status of Foreign Citizens in the Russian Federation - Foreign IT-specialists will be able to obtain a residence permit in a simplified manner.

Information of the Bank of Russia dated April 29, 2022 "The Bank of Russia made changes to the program of revolving lending to small and medium entrepreneurship

Federal Law No. 119-FZ of May 1, 2022 on suspension by the Russian Federation of certain provisions of international treaties of the Russian Federation with the European Community, the Kingdom of Denmark, Iceland, the Principality of Liechtenstein, the Kingdom of Norway, the Swiss Confederation on the facilitation of the issuance of visas to citizens of the Russian Federation and the European Union, the Kingdom of Denmark, Iceland, the Principality of Liechtenstein, the Kingdom of Norway, the Swiss Confederates

Federal Law No. 125-FZ of May 1, 2022 on amending the Federal Law on Measures of Influence (Counteraction) Against Unfriendly Actions of the United States of America and Other Foreign States - It was decided to limit the transfer of information about clients of Russian banks to foreign authorities.

Information of the Bank of Russia dated April 29, 2022 since May, the Bank of Russia has been raising the required reserve ratios for banks on liabilities in foreign currency

Decree of the President of the Russian Federation No. 255 of May 4, 2022 - The list of citizens of Ukraine, the Donetsk People's Republic or Lugansk People's Republic who can obtain Russian citizenship in a simplified manner has been expanded.

Decree of the President of the Russian Federation No. 254 of May 4, 2022 on the temporary procedure for the fulfilment of financial obligations in the area of corporate relations to certain foreign creditors - Russian limited liability companies will pay profits to foreigners in roubles.

Federal Law No. 135-FZ of May 1, 2022 on amending the Federal Law on Protection of Consumers' Rights - Consumers will be protected from unreasonable collection of personal data.

Federal Law No. 132-FZ of May 1, 2022 on amending the Federal Law on Currency Regulation and Currency Control - The list of currency transactions between residents and authorised banks which can be performed without restrictions, has been supplemented.

Federal Law No. 130-FZ of May 1, 2022 on amending the Federal Law on Industrial Policy in the Russian Federation - The President of the Russian Federation signed amendments on the management of the State Industry Information System and support for industrialists.

Federal Law No. 120-FZ of May 1, 2022 on amending the Tax Code of the Russian Federation - From August 1, taxpayers can send their consent to the disclosure of tax secrets to the inspection.

Clarification of the Bank of Russia No. 5-OR of April 29, 2022 on the application of certain provisions of Decree of the President of the Russian Federation No. 95 of March 5, 2022 on a Temporary Procedure for Fulfilling Obligations Owing Certain Foreign Creditors and Decree of the President of the Russian Federation No. 172-FZ of March 31, 2022 on the Special Procedure for Fulfilment by Foreign Buyers of the Obligations to Russian Natural Gas Suppliers - Fulfilment of obligations to certain foreign creditors and Russian natural gas suppliers.

Information Statement of the Ministry of Economic Development of the Russian Federation dated May 5, 2022 on average prices over the past tax period for the relevant types of hydrocarbons produced at a new offshore hydrocarbon field for the period from April 1 to April 30, 2022

Information of the Ministry of Economic Development of the Russian Federation dated May 5, 2022 on the average price of Urals oil for April 2022

Order of the Ministry of Industry and Trade of the Russian Federation No. 1532 of April 19, 2022 - A list of foreign-made goods allowed for import into the country without the consent of the right holders has been established.

Decision of the Government of the Russian Federation No. 786 of April 30, 2022 "On amendments to certain acts of the Government of the Russian Federation and repeal of a separate provision of an act of the Government of the Russian Federation": the Government is creating a subsystem aimed at monitoring and evaluating efficiency of licensing specific types of activities.

Order of the President of the Russian Federation No. 134-rp of May 9, 2022 - establishment of the interdepartmental working group to develop new mechanisms in the field of foreign exchange regulation and international settlements

Letter of the Bank of Russia No. IN-03-46/63 of May 6, 2022 - extension of the period during which the Bank of Russia shall not apply measures against sources of credit history formation, users of credit histories and credit history bureaus

Decree of the President of the Russian Federation No. 268 of May 9, 2022 - additional measures to support families of military cervicemen and employees of some federal state agencies

Decision of the Government of the Russian Federation No. 835 of May 9, 2022 - approval of the Rules for provision of subsidies from the federal budget to credit organisations to compensate for their lost income on loans issued to backbone utilities organisations and organisations associated backbone utilities organisations

Decision of the Government of the Russian Federation No. 851 of May 11, 2022 - measures to implement Decree of the President of the Russian Federation No. 252 of May 3, 2022: foreign companies that fell under retaliatory sanctions are listed.

Decision of the Government of the Russian Federation No. 830 of May 7, 2022 - approval of the Rules for formation and maintenance of the state register of facilities causing a negative impact on the environment

Information letter of the Bank of Russia No. IN-03-23/65 of May 13, 2022 - measures to be implemented in case of non-compliance with the size (limits) of net FX positions in US dollars and euros and the total net FX position

Information Letter of the Bank of Russia No. IN-03-23/65 of May 13, 2022 - It was decided not to apply enforcement measures to credit institutions for non-compliance with the size (limits) of open foreign exchange positions made in the period from February 18 to December 31, 2022.

Decision of the Constitutional Court of the Russian Federation No. 18-P of May 12, 2022 In the case of verification of constitutionality of the first part of Article 42 of the Criminal Procedural Code of the Russian Federation - A convict whose criminal case was fabricated must be recognized as a victim.

Decision of the Government of the Russian Federation No. 834 of May 9, 2022 - The Government has simplified the procedure for importing smartphones, tablets, laptops and microcircuits into Russia.

Information of the Ministry of Industry and Trade of the Russian Federation dated May 13, 2022 The Government approved amendments to the acts regulating the temporary permit procedure for the export of products from Russia - The list of goods subject to export restrictions has been reduced.

List of instructions following the results of the meeting on economic issues - The President instructed to support organisations in the manufacturing sector of the economy.

Information of the Bank of Russia dated May 16, 2022 New thresholds have been set for transfers of funds abroad for individuals - The Central Bank increased the possible amount of transfers abroad from 10 to 50 thousand dollars per month.

Decision of the Government of the Russian Federation No. 839 of May 9, 2022 - The Council of Ministers cancelled import duties on equipment and components for important investment projects.

Information of the Ministry of Economic Development of the Russian Federation of May 18, 2022 on the export customs duties on crude oil and certain categories of goods manufactured from oil for the period from June 1 till June 30, 2022

Information of the Federal Air Transport Agency dated May 18, 2022 on the temporary restriction of flights to Russian airports in the south and central part of Russia has been extended - 11 airports in the south and central part of Russia will be closed for flights until May 25.

Resolution of the Collegium of the Eurasian Economic Commission No. 74 of May 12, 2022 on amending rates of import customs duties of the Common Customs Tariff of the Eurasian Economic Union - Import duty on nuts for oil production is zeroed for three years.

Resolution of the Supreme Eurasian Economic No. 1 of May 18, 2022 on the temporary procedure for transferring the amounts of import customs, special, anti-dumping or countervailing duties - EAEU member states have agreed on customs payments in roubles.

Decision of the Constitutional Court of the Russian Federation No. 19-P of May 17, 2022 In the case of verification of constitutionality of part 1 of Article 4.5 of the Code of the Russian Federation on Administrative Offences - The statute of limitations for administrative liability must be calculated from the day the offence was committed.

Order of the Ministry of Economic Development of the Russian Federation No. 228 of April 25, 2022 on deflator coefficients to the mineral extraction tax rate for coal mining

Information of the Bank of Russia dated May 19, 2022 The Bank of Russia has softened the temporary procedure for cash transactions - From May 20, 2022, banks can sell any cash foreign currency to citizens without restrictions, except for US dollars and euros.

Decision of the Government of the Russian Federation No. 895 of May 18, 2022 on approval of the Rules for the provision of subsidies from the federal budget to credit institutions to compensate for lost income on loans issued for the purchase of priority products for imports

Instructions following the meeting on the development of the metallurgical complex - The Council of Ministers will have to work out the issue of optimizing the tax burden on metallurgists and the coal industry.

Order of the Social Insurance Fund of the Russian Federation No. 119 of April 8, 2022 - approval of the forms of documents and information used for the purpose of assigning and paying insurance coverage for compulsory social insurance

Order of the Government of the Russian Federation No. 1253-r of May 20, 2022: the Government has approved a list of foreign countries for which temporary restrictions with respect to transport communication introduced due to the coronavirus have been lifted. The List includes Abkhazia, South Ossetia, Belarus, DNR, LNR, Ukraine, Kazakhstan, Mongolia, China.

Decision of the Government of the Russian Federation No. 912 of May 20, 2022: amendments to certain acts of the Government of the Russian Federation in order to establish the features of the legal regulation of relations in the fields of electric power, heat, gas and water supply

Clarifications of the Bank of Russia No. 6-OR dated May 20, 2022: the Bank of Russia clarified the procedure for applying counter-sanction presidential decrees relating to currency transactions and fulfillment of certain obligations. In particular, it is mentioned that when implementing anti-sanction decrees, the legal status of international companies should be considered similar to the legal status of residents.

Decision of the Government of the Russian Federation No. 922 of May 20, 2022: amendments to the Regulations on filing information to the Federal Financial Monitoring Service by organisations engaged in operations with cash or another property and by individual businessmen, and also sending requests by the Federal Financial Monitoring Service to organisations engaged in operations with cash or another property, and to individual businessmen

Direction of the Bank of Russia No. 6111-U of March 31, 2022 'On amendments to Item 1 of Direction of the Bank of Russia No. 5348-U of December 9, 2019 'On Rules for Cash Settlements': consumer credit co-operatives are allowed to spend more proceeds from the cash register without prior crediting to a bank account for cash settlements with individuals has been increased.

Decree of the President of the Russian Federation No. 303 of May 23, 2022 'On amendments to Decree of the President of the Russian Federation No. 79 of February 28, 2022 on the Application of Special Economic Measures in Connection with the Unfriendly Actions of the United States of America and Adhering Foreign States and International Organisations': the ratio of mandatory sale by Russian exporters of foreign exchange earnings under foreign trade contracts has been reduced from 80% to 50%.

Decision of the Government of the Russian Federation No. 911 of May 20, 2022 'On the admission of persons to work with narcotic drugs and psychotropic substances, as well as to activities related to the circulation of precursors of narcotic drugs and psychotropic substances'

Decision of the Government of the Russian Federation No. 916 of May 20, 2022 'On approval of the list of defects and conditions under which operation of self-propelled machines and other types of equipment is prohibited'

Decision of the Government of the Russian Federation No. 921 of May 20, 2022 'On the priority use, as well as the suspension or restriction of the use of any communication networks and means of communication in the event of a threat of emergencies and in the event of emergencies of a natural or man-made nature'

Decision of the Government of the Russian Federation No. 928 of May 21, 2022 'On extension of the deadline for filing, in 2022, financial statements by financial market organisations with the federal executive body authorised for control and supervision in the field of taxes and fees'

Information of the Federal Air Transport Agency, dated May 24, 2022: temporary restriction of flights to Russian airports in the south and central part of Russia to be extended until May 31, 2022

Information of the Ministry of Finance of the Russian Federation, dated May 23, 2022: the requirement for the sale of exporters' foreign exchange earnings to be relaxed.

Decision of the Government of the Russian Federation No. 931 of May 21, 2022 - approval of the Rules for the exchange of electronic transportation documents, and information contained therein, between participants in information interaction, sending such documents and information to the state information system of electronic transportation documents, as well as providing another information, related to the processing of such documents and information, from the information system of electronic transportation documents to the state information system of electronic transportation documents upon the request of the operator of the state information system of electronic transportation documents

Review of cases considered by the Constitutional Court of the Russian Federation, for the first quarter of 2022

Decree of the President of the Russian Federation No. 304 of May 25, 2022 - amendments to Decree of the President of the Russian Federation No. 183 of April 24, 2019 'On definition, for humanitarian purposes, of the categories of persons entitled to apply for the Russian citizenship in a simplified procedure'

Information Statement of the Bank of Russia dated May 26, 2022 "The Bank of Russia decided to reduce the key rate by 300 basic points, to 11.00% per annum"

Decision of the Government of the Russian Federation No. 933 of May 21, 2022 "On approval of the methodology for holding competitions for concluding an agreement on targeted training between a federal state agency and a citizen of the Russian Federation with the obligation to pass subsequently the federal state civil service"

Decision of the Board of Directors of the Bank of Russia dated May 26, 2022: setting a deadline for fulfilling the obligation to sell foreign currency by residents participating in foreign economic activity

Decision of the Government of the Russian Federation No. 945 of May 25, 2022 - approval of the Contents of information to be included into a unified register on members of self-regulatory organisations in the field of engineering surveys, architectural and construction design, construction, reconstruction, overhaul, demolition of capital construction facilities and their obligations, and the Rules for formation and maintenance of a unified register of members of self-regulatory organisations in the field of engineering surveys, architectural and construction design, construction, reconstruction, overhaul, demolition of capital construction facilities and their obligations, including entering information into the specified register

Federal Law No. 142-FZ of May 28, 2022 on amending Parts One and Two of the Tax Code of the Russian Federation - Tax benefits extended to new hydrocarbon deposits at the bottom of the Caspian Sea.

Federal Law No. 144-FZ of May 28, 2022 on amending the Land Code of the Russian Federation - Some non-profit organisations will be able to get state or municipal land for free use.

Federal Law No. 148-FZ of May 28, 2022 on amending the Federal Law on the Fundamentals of the Tourism Business in the Russian Federation - Tour operators are required to generate electronic vouchers and post information about them in the relevant unified information system.

Federal Law No. 151-FZ of May 28, 2022 on amending Part One of the Tax Code of the Russian Federation - From December 1, 2022, citizens will be able to register for tax purposes through the public services portal.

Federal Law No. 152-FZ of May 28, 2022 on amending the Federal Law on Customs Regulation in the Russian Federation - It was decided to simplify the procedure for applying the processing procedure in the customs territory.

Federal Law No. 153-FZ of May 28, 2022 on amending the Federal Law on Amending Certain Legal Acts of the Russian Federation - In 2022, additional budgetary places in the master's program will be allocated for students who are forced to interrupt their studies abroad.