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 27.05.2002

Treaty between the Russian Federation and the United States of America on Strategic Offensive Reductions (Moscow, May 24, 2002)

Each of the parties of the Treaty reduces and restricts strategic nuclear warheads so that by December 31, 2012 the aggregate amount of such warheads with each party does not exceed 1,700-2,200.
The Treaty is entered into force on the day of exchange of ratification instruments. The Treaty remains in force until December 31, 2012 and may be prolonged at the agreement between the parties or replaced before it with subsequent agreement.

Decision of the Government of the Russian Federation No. 340 of May 23, 2002 on the Endorsement of the Regulation on the Licensing of Activities in Handling Hazardous Waste

Defines the licensing procedure for activities in handling hazardous waste. The licensing body is the Ministry of Natural Resources of the Russian Federation and its territorial bodies. The license is issued for 5 years. The earlier issued licenses preserve their force until expiry.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 339 of May 23, 2002 on the Invalidation of the Decisions of the Government of the Russian Federation No. 546 of May 7, 1997, No. 1154 of October 13, 1999 and No. 217 of March 10, 2000

Invalidates the Decision of the Government of the Russian Federation endorsing the List of payments exempted from insurance contributions to the Pension Fund of the Russian Federation and the changes to the List.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 338 of May 23, 2002 on the Invalidation of Some of the Decisions of the Government of the Russian Federation on Foreign Investments

Pursuant to the entry into force of the Federal Law No. 160-FZ of July 9, 1999 on foreign investments, invalidates a number of Decisions of the Government of the Russian Federation. Among them: Decisions No. 757 of June 30, 1994 on the procedure of determination of the products imported by enterprises with foreign investments for own needs, No. 751 of July 24, 1995 on the endorsement of the Regulation on the procedure of concluding and implementation of investment agreements. Besides, invalidates some of the provisions regulating the export of oil and oil products, as well as some types of medicines and pharmacy substances.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 331 of May 22, 2002 on the Amendments to the Rules of Restructuring of the Debts of the Subjects of the Russian Federation in the Bonds of the Subjects of the Russian Federation Owned by the Russian Federation Endorsed by the Decision of the Government of the Russian Federation No. 619 of August 22, 2001

The debt of the subjects of the Russian Federation in the bonds due for restructuring does not include from January 1, 2001 the amounts of fines (penalties) accrued for the untimely redemption of the bonds at the nominal cost and untimely payment of interest for them. To carry out the restructuring of the rest of the amount of the debt (under the condition of preliminary payment by the subject of the Russian Federation as incomes to the federal budget before December 15, 2002 of at least 20% of this amount as a lumpsum transfer), the Ministry of Finance of the Russian Federation and the body of executive power of the subject of the Russian Federation shall conclude an agreement.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 330 of May 22, 2002 on the Endorsement of the Rules of Use of the Resources of the Federal Budget Allocated to Implement the Measures to Support Compatriots Living Abroad

The chief administrator of the resources allocated to support the compatriots is the Ministry of Foreign Affairs of the Russian Federation. The allocation of the resources to support the compatriots is carried out by the Ministry of Finance of the Russian Federation on the monthly basis according to the endorsed summary budget list of expenses of the federal budget for the appropriate year.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

Decision of the Government of the Russian Federation No. 328 of May 22, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 1021 of December 29, 2000

Provides the new wording for the main provisions of the forming and state regulation of the prices for gas and tariff rates for the services in its transportation on the territory of the Russian Federation endorsed by the mentioned Decision. The price for gas for the end user at the boundaries of gas distribution networks and the end user networks is build from the regulated wholesale price for gas, tariff rates for the services in its transportation over the gas distribution networks and the payment for the supply services.
The text of the Decision has not been published officially as of the moment of preparation of the monitoring.

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