Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 7.05.2002

Federal Law No. 40-FZ of April 25, 2002 on the Obligatory Insurance of the Civil Responsibility of the Owners of Transport Vehicles

Defines the legal, economic and organisational fundamentals of obligatory insurance of the civil responsibility of the owners of transport vehicles.
One of the central provisions of the law is the granting of guarantees to reimburse the damage to the life and health to the victims, as well as to their property. The mentioned guarantees are implemented through the combination of two mechanisms - obligatory insurance of the responsibility of the owners of transport vehicles and compensatory payments to reimburse the damage to the life and health made by the professional association of insurers. In the framework of the first of the mentioned mechanisms, the victims may get reimbursement from the insurance organization in the form of insurance premium under the obligatory insurance. The second mechanism will guarantee the rights of the victims in cases when the trespasser did not fulfil his insurance duty, or is unknown, or disappeared from the place of the accident.
The law defines the minimum insurance amounts separately to reimburse the damage to the life or health, as well as the property damage. The maximum amount of the insurance premium is Rbl 400,000, in particular: Rbl 240, 000 to reimburse the damage to the life and health of several victims, not more than Rbl 160,000 for one victim; Rbl 160,000 to reimburse the damage to the property of several victims, not more than Rbl 120,000 for a single victim.
The obligatory insurance must be arranged according to the uniform insurance tariff rates endorsed by the Government of the Russian Federation, with insurance tariff rate being defined taking into account the object of insurance and the nature of the insured risk. Division of tariff rates by categories takes account of several factors: regional particulars; parameters of the transport vehicle and the nature of its use (by legal entities, citizens for personal use etc.); parameters of the owner of the transport vehicle, including his sever violations of the traffic rules or accidents involving insurance premiums in the previous insurance history.
The Federal Law is entered into force from July 1, 2003 except for the provisions envisaging other time limits for entering into force. The provisions on the creation of the professional association of insurers and the terms of issue of permissions (licenses) to the insurers for obligatory insurance of civil responsibility of the owners of transport vehicles are entered into force from the day of official publication of the Federal Law.
The text of the Law is published in Rossiyskaya Gazeta on May 7, 2002, No. 80.

Decision of the Government of the Russian Federation No. 284 of April 29, 2002 on the Endorsement of the Regulation on the Ministry of Public Health of the Russian Federation

Endorses the new Regulation on the Ministry of Public Health of the Russian Federation - the federal body of executive power in charge of the state policy and management in the sphere of public health including the sanitary and epidemiological well-being of the population and the resort issues.
The new Regulation envisages the duty of the Ministry of Public Health of the Russian Federation to work out and submit to the Government of the Russian Federation draft normative acts endorsed by the Government to implement the provisions of the federal legislation. In particular, the Ministry of Public Health of the Russian Federation shall work out the list of vital and most important medicines, as well as the list of the types of free medical aid provided at the expense of the state budget and other.
The Decision is entered into force 7 days after the day of its first official publication. The text of the Decision has not been published officially as of the date of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 278 of April 29, 2002 on the Amount, Procedure of Collection and Registration of the Payment for the Transfer of the Forest Lands into Non-Forest Ones and for the Alienation of the Lands of the Forest Fund in 2002

The amount of payment is defined on the basis of basic amounts of payment fixed in the Decision. The basic amounts of payment for the transfer of forest lands into non-forest ones are fixed for group III reserve forests differentiated according to wood groups and appraisal classes (forest productivity factor). In the estimates of the amounts of payment, coefficients apply taking into account the ecological component of the assessment of the lands of the forest fund of various categories of protection, condition of the forest fund, social and economic conditions of the region for individual administrative regions of the subject of the Russian Federation. Calculation of the amount of payment is vested in the Ministry of Natural Resources of the Russian Federation and its territorial bodies.
The Decision is entered into force 7 days after the day of its first official publication. The text of the Decision has not been published officially as of the date of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 277 of April 29, 2002 on the Amendment to the List of the Territories of the Russian Federation with Regulated Entry for Foreign Citizens

The list of the territories with regulated entry for foreign citizens now includes part of the territory of the Yamalo-Nenets Autonomous District.
The Decision is entered into force 7 days after the day of its first official publication. The text of the Decision is published in Rossiyskaya Gazeta on May 7, 2002, No. 80.

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