Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 18.02.2002

Federal Law No. 20-FZ of February 13, 2002 On the Introduction of Changes and Amendments in Article 24 of Federal Law On the Military Duty and Military Service and Article 50 of the Law of the Russian Federation On Education

The amendments are related to the granting of a deferment of military service to citizens who study on the full-time basis at state, municipal or non-state educational institutions with state accreditation. The students of institutions of basic general and secondary general education shall be given a deferment for the duration of their studies, however, until the reaching the age of 20. The persons studying at institutions of primary vocational, secondary vocational and higher vocational education shall be given a deferment for the duration of their studies but not in excess of statutory time limits for mastering basic educational programs.
The right to deferment of military service shall be retained in the event of repeat enrollment at an educational institution of the same level (subject to not more than 3 years of studies at the previous educational institution of the same level) or single-fold transfer to an educational institution of the same level and also in the event of single-fold utilization of an academic leave of absence. The said deferment may be used not more than twice (to receive education of the given or higher level).
Federal Law shall take effect as from its official publication. The text of the Federal Law was published in Rossiyskaya Gazetta newspaper No. 31 of February 16, 2002.

Agreement On the Termination of Agreement On the Delimitation of Subjects of Competence and Powers Between Bodies of State Authority of the Russian Federation and Bodies of State Authority of the Magadan Region (Moscow, January 30, 2002)

It terminates as from February 16, 2002 the Agreement signed in July 4, 1997 in Moscow, in view of it having achieved its goals.

Agreement On the Termination of Agreement On the Delimitation of Subjects of Competence and Powers Between the Bodies of State Authority of the Russian Federation and Bodies of State Authority of the Saratov Region (Moscow, February 9, 2002)

It terminates as from February 16, 2002 the Agreement signed in July 4, 1997 in Moscow in view of it having achieved its goals.

Order of the Ministry of Finance of the Russian Federation No. 119n of December 28, 2001 On the Approval of the Methodological Instructions On Accounting of Material and Production Stocks

The methodological instructions on accounting of material and production stocks were brought into accord with the international standards of financial accounting and shall be put into force as from the presentation of financial statements for 2002. The methodological instructions shall apply to all organizations, except for credit institutions and budget-supported agencies. On the basis of the methodological instructions, organizations shall prepare internal regulations, instructions, other organizational and business documents necessary for proper organization of record-keeping and control over the utilization of material and production stocks.
Registered with the Ministry of Justice of the Russian Federation in February 13, 2002. Registration No. 3245.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/04-24 of January 4, 2002 On the Insurance Against Accidents At Production Facilities and Occupational Diseases in 2002

In connection with the amendments made to the classification of industries (subindustries) of the economy according to classes of professional risks and with the objective to provide for the timely classification of the insured by classes of professional risk in 2002, it clarifies the procedure for confirmation by the insured of the principal line of activity for 2001.

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