Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 14.12.2001

Decision of the Government of the Russian Federation No. 857 of December 7, 2001 on the Amendments to Some of the Acts of the Government of the Russian Federation on the Popular Crafts

Amends the Rules of registration of the prototypes of items of popular crafts of recognized artistic value to bring them in compliance with the legislation. Pursuant to the Decision of the Supreme Court of the Russian Federation No. GKPI 01-874 of July 14, 2001, the Government of the Russian Federation, while specifying the procedure of registration of the prototypes of the mentioned articles, could not restrict the circle of organizations specified in the Federal Law that may enjoy exemptions from the value added tax.
The exemption from taxation applies to sales operations for the mentioned items produced not only by organizations matching the popular craft criteria, but also other organizations. Articles made by these organizations may also be registered.

Decision of the Government of the Russian Federation No. 815 of November 26, 2001 on the Tied Federal Program "Preservation and Development of the Architecture of Historical Cities (Years 2002-2010)"

The goal of the program is the complex reconstruction and revival of historical centers of cities, creation of favorable living conditions in them, maintenance and development of social contacts and social services, education, as well as improvement of conditions for economic activities. Implementation of the mentioned measures will permit to preserve and restore the architectural heritage, improve the living conditions of the population including stabilization of the ecological situation.
The program includes two subprograms: "Preservation and Development of the Historical Center of the City of St.Petersburg" and "Revival, Construction, Reconstruction and Restoration of the Small and Medium-Size Historical Cities of Russia in the Presence of Economic Reform"

Decision of the Federal Power Supply Commission of the Russian Federation No. 67/2 of November 8, 2001 on the Limiting Minimum Tariff Rates for Electric Power Consumed by the Population of the Subjects of the Russian Federation

Endorses the recommended limiting minimum tariff rates for electric power consumed by the population, average for the federal districts. The regional power supply commissions of the subjects of the Russian Federation are recommended to proceed from these rates when fixing the rates for electric power from February 1, 2002. Population living in rural residential settlements, as well as in houses outfitted with stationary electric stoves and electric heating installations, in urban residential settlements with the gas lines provided for household purposes shall enjoy a reduction coefficient of 0.7.

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