Monitoring of the Federal Legislation dated 19.10.2001

Federal Law No. 135-FZ of October 17, 2001 on the Amendments to Article 103 of the Federal Law on the Federal Budget for the Year 2001 and to Appendix 34 of the Federal Law on the Federal Budget for the Year 2001

The Government of the Russian Federation provides state guarantees to the open-type joint-stock company Insurance Company of Moscow before the contest to insure the military risk of responsibility of Russian air carriers to third parties until December 1, 2001 in the amount of Rbl 30 billion. The procedure and cases permitting for effecting the state guarantees shall be determined by the Government of the Russian Federation. The given measures are taken pursuant to the terrorist acts in the USA and significant losses suffered by the air insurers.
The Federal Law is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 732 of October 17, 2001 on the Endorsement of the Rates of the Seasonal Duties for Raw Sugar Imported to the Territory of the Russian Federation

Increases the rates of the import customs duties for the raw sugar (codes according to the Foreign-Trade Commodity Nomenclature 1701 11 100 0, 1701 11 900 0, 1701 12 100 0, 1701 12 900 0, 1701 91 000 0) by up to 40% of the customs cost, however, not less than euro 0.12 per 1 kg (earlier, 30%, however, not less than euro 0.09 per 1 kg). The given duties shall also be collected from the mentioned commodity imported to the customs territory of the Russian Federation from the customs territory of Belarus if it was released for free circulation in Belarus without collecting these duties or transfer of the paid amounts of duties to the federal budget.
The given rates are entered into force 1 month after the day of official publication of the Decision and remain in effect till December 31, 2001 inclusive. Beginning with January 1, 2002, being in effect are the rates endorsed by the Decision of the Government of the Russian Federation No. 622 of August 23, 2001 on tariff regulation of the import of raw sugar and white sugar in 2002.

Decision of the Government of the Russian Federation No. 730 of October 16, 2001 on the Endorsement of the Regulation on the Access of Russian Carriers to International Highway Transportation

Defines the procedure of granting the special permission for international highway transportation to legal entities regardless of the organizational and legal form and independent entrepreneurs engaged in commercial and non-commercial cargo and passenger transportation.
The carrier access to the mentioned transportation is granted by the bodies of the Russian Transport Inspection of the Ministry of Transport of the Russian Federation. In confirmation of the access, the carrier gets the certificate of access and access card for each transport vehicle engaged in international highway transportation. The certificate is issued to the carriers: for 1 year to those applying for the first time, as well as those with less than one year of experience in international highway transportation; for 5 years to those with more than 1 year of experience in transportation carried out within 4 years before submitting the application. The effective terms of the certificate may be prolonged. The holders of the earlier issued standard international licenses are considered to be permitted for international highway transportation until expiry of their licenses.

Regulation of the Central Bank of Russia No. 152-P of September 17, 2001 on the Amendments to the Regulation of the Bank of Russia on the Changes to the Procedure of Carrying Out Certain Types of Currency Operations in the Russian Federation No. 39 of April 24, 1996

Changes the procedure of carrying out certain types of currency operations by the residents and non-residents and the procedure of organization of registration of certain types of currency operations and submitting reports for them. Extends the list of currency operations with values carried out without the permission of the Bank of Russia. The mentioned operations are carried out by way of cashless payments through the currency accounts of residents opened in the authorized banks. Regulates in detail the issues of presenting the documents to the authorized bank by persons confirming the presence of the grounds to carry out the currency operations. Provides for the duty of the banks to keep the logbook of the mentioned currency operations. The procedure of drawing up, the time limits and from of presentation of the reports is specified by the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on October 17, 2001. Reg. No. 2975.
The Regulation is entered into force from the day of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1039-U of October 12, 2001 on the Amendments to the Direction of the Bank of Russia on the Procedure of Drawing Up and Presenting the Reports by Credit Organizations to the Central Bank of the Russian Federation No. 7-U of October 24, 1997

Introduces, from the moment of signing of the Direction, Form 615 "Summary Report of Payments of Ship Owners" and specifies the procedure of its drawing up and presentation.
Introduces, beginning with reports as of November 1, 2001, Form 155 "Estimate of Reserves for Possible Losses" and Form 663 "Report of Currency Operations under Credit (Loan) Contracts between Residents and Non-Residents", as well as the procedure of their drawing up and presentation.
Excludes Form 656 "Report of the Borrower Bank of the Redemption of Credits by Residents out of Export Currency Receipts", Form 706 "Report of Operations Registered on the Balance Account 30606 "Resources of Non-Resident Clients in Brokerage Operations with Securities and Other Financial Assets"" and Form 708 "Report of Information of the Logbook of the Flow of Resources of Non-Residents on Transit Accounts", as well as the procedures of their drawing up and presentation.
Introduces, beginning with reports as of January 1, 2002, Form 024 "Information on the Contract for the Annual Audit Check of the Credit Organization, Bank Group" and the procedure of drawing up and presentation of the report for it. Changes Form 212 "Information on the Checks of Observation of the Procedure of Cash Handling by Enterprises", Form 251 "Structure of Payments of a Credit Organization (Branch)", Form 302 "Information on Credits and Debts under Credits Granted to Borrowers from Various Regions and the on Amount of Attracted Deposits" and the procedures of drawing up and submission of the mentioned forms.
The Direction is to be published in the Herald of the Bank of Russia.