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 27.06.2002

Decision of the Government of the Russian Federation No. 457 of June 21, 2002 on the Endorsement of the Regulation on the Licensing of Production of Cartridges for Arms and Component Parts of Cartridges

Defines the procedure of licensing of production of cartridges for arms and component parts of cartridges by legal entities. The licensing is vested in the Russia Agency for Conventional Weapons and the Russian Agency for Ammunition in their sphere of reference. The licenses are issued for five years. The earlier issued licenses preserve their force until expiry.

Decision of the Government of the Russian Federation No. 456 of June 21, 2002 on the Licensing of Activities in the Sphere of Armaments and Military Equipment

Defines the procedure of licensing of development, production, repair and utilization of armaments and military equipment carried out by legal entities. The Regulation does not apply to utilization of ammunition, nuclear warheads and chemical weapons. The licensing is vested in the Russian Agency for Conventional Weapons, Russian Air and Outer Space Agency, Russian Agency for Control Systems, Russian Shipbuilding Agency and the Russian Agency for Ammunition according to the types of armaments and military equipment in their sphere of reverence. The licenses are issued for five years. The earlier issued licenses preserve their force until expiry.

Decision of the Government of the Russian Federation No. 455 of June 21, 2002 on the Endorsement of the Regulation on the Licensing of Production of Armaments and Main Parts of Firearms

Defines the procedure of licensing of production of armaments and main parts of firearms by legal entities. The licensing is vested in the Russian Agency for Conventional Weapons. The licenses are issued for five years. The earlier issued licenses preserve their force until expiry.

Direction of the Central Bank of Russia No. 1166-U of June 21, 2002 on the Amendments to the Direction of the Bank of Russia No. 1024-U of August 27, 2001 on the Procedure of Bringing in Compliance of the Amount of the Registered Capital and the Amount of Own Resources (Capital) of Credit Organizations

The Direction is begin brought in compliance with the Regulation of the Central Bank of Russia No. 159-P of November 26, 2001 on the method of calculation of own resources (capital) of credit organizations. The changes pertain to the particulars of estimation of the amount of own resources (capital) of credit organizations that must not be lower than the amount of the registered capital defined in the constituent documents.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1165-U of June 21, 2002 on the Amendments to the Direction of the Bank of Russia No. 1025-U of August 27, 2001 on the Procedure of Initiation of Revocation from Credit Organizations of the Licenses for Bank Operations in Compliance with Part 1 and Part 2 of Article 20 of the Federal Law on the Banks and Banking Activities

The Direction is being brought in compliance with the Regulation of the Central Bank of Russia No. 159-P of November 26, 2001 on the method of calculation of own resources (capital) of credit organizations. The changes specify the particulars of determination of the amount of own resources (capital) of a credit organization to reveal the grounds for the revocation of the licenses for bank operations.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1164-U of June 21, 2002 on the Amendments to the Instruction of the Bank of Russia No. 84-I of July 12, 1999 on the Procedure of Implementation of the Measures to Prevent Insolvency (Bankruptcy) of Credit Organizations

Refines the procedure of submission by the territorial institution of the Bank of Russia of the documents to the Bank of Russia when implementing the function of control over the reorganization of credit organizations.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

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