Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 11.06.2002

Decision of the Government of the Russian Federation No. 402 of June 10, 2002 on the Licensing of Passenger and Cargo Transportation by Highway Transport

The licensing applies to passenger transportation by cars on commercial basis, passenger transportation by vehicles outfitted for carrying more than 8 persons, as well as cargo transportation by vehicles with greater than 3.5 tons capacity. The mentioned activities are not licensed if they are carried out for own needs of the legal entity or independent entrepreneur. The licensing is vested in the Ministry of Transport of the Russian Federation. The license is issued for 5 years. The earlier licenses preserve their force until expiry. Together with the license, the license card is issued for each vehicle which is to be placed on the vehicles when carrying out the licensed type of activities.

Decision of the Government of the Russian Federation No. 399 of June 10, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 616 of August 2001

The rules of reimbursement from the federal budget of the part of expenses in payment of the interest under the credits obtained by organizations of the light, textile and forestry industries in the Russian credit organizations are extended for the year 2002 and subsequent years. If the payment for the use of the bank credit attracted by the organization is less than one second of the rate of refinancing (bank rate) of the Central Bank of Russia as of the date of getting the credit, the subsidy is granted in the amount of the payment for the use of this credit.

Decision of the Government of the Russian Federation No. 392 of June 7, 2002 on the Amendment to the Rules of Accreditation and Stay of Correspondents of Foreign Mass Media on the Territory of the Russian Federation

In case of the state of emergency, a special procedure of accreditation of correspondents of foreign mass media may be introduced on the whole territory of the Russian Federation. This procedure is specified by the commandant of the territory where the state of emergency is introduced.

Decision of the Federal Commission for Securities Market No. 11/ps of April 17, 2002 on the Amendments to the Regulation on the Procedure of Issue of the Permission of the Federal Commission for Securities Market to Clear for Circulation Emission Securities of Russian Issuers outside the Russian Federation in the Form of Securities of Foreign Issuers Distributed under the Foreign Legislation and Certifying the Rights for the Emission Securities of Russian Issuers Endorsed by the Decision of the Federal Commission for Securities Market No. 3 of March 13, 2002

An additional prerequisite for the issue of the mentioned permission by the Federal Commission for Securities Market is the presence with the issuer of the clearance for his securities to tenders with the organizers of trade at the Russian market of securities. The presence of the clearance to tenders will disclose information on the financial and economic activities of the issuer to investors and on his issued securities in volumes and according to procedure envisaged in the Russian legislation.
Registered in the Ministry of Justice of the Russian Federation on June 3, 2002. Reg. No. 3496.

Decision of the Chief State Sanitary Physician of the Russian Federation No. 18 of May 31, 2002 on the Amendments to the Decision of the Chief State Sanitary Physician of the Russian Federation No. 36 of November 14, 2001

Specifies that the Hygienic Requirements to the Safety and Nutrient Value of Products SanNiP 2.3.2.1078-01 are entered into force from September 1, 2002 (earlier, July 1, 2002).
Registered in the Ministry of Justice of the Russian Federation on June 4, 2002. Reg. No. 3499.

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