Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 16.08.2002

Decision of the Government of the Russian Federation No. 586 of August 12, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 727 of October 15, 2001

According to introduced amendments, the convicts serving their term in residential colonies and actually bringing up a child shall get a monthly allowance for the period of the child-care leave until one and a half years of age. The allowance is assigned and paid out by the administration of the organization where the convicts work within time limits specified for getting wages.

Decision of the Government of the Russian Federation No. 585 of August 12, 2002 on the Endorsement of the Regulation on the Organization of the Sale of the State or Municipal Property at Auction and the Regulation on the Organization of Sale of State- or Municipally-Owned Stocks of Open-Type Joint-Stock Companies at a Specialized Auction

Defines the procedure for carrying out auctions to sale state or municipal property, terms of participation in them, as well as the procedure of payment for the property.
Also defines the procedure of arranging a specialized auction to sell state- or municipally-owned stocks of open-type joint-stock companies, terms of participation in it and effecting payments for the purchased stocks, as well as particulars of organization of all-Russia and interregional specialized auctions.
When federal property is sold, the seller at auctions is the Russian Federal Property Fund (its divisions) or other specialized state institutions assigned at the order of the Government of the Russian Federation. When state-owned property of the subjects of the Russian Federation or municipal property is sold at auctions, the sellers are defined in the legal acts of the subjects of the Russian Federation or the bodies of local government.

Decision of the Government of the Russian Federation No. 584 of August 12, 2002 on the Endorsement of the Regulation on the Contest to Sell State or Municipal Property

Defines the procedure of preparation and carrying out of the contest to sell state or municipal property and make payments for the purchased property.
The seller at the contest for the sale of the federal property is the Russian Federal Property Fund (its divisions), or other specialized state institutions assigned at the order of the Government of the Russian Federation. When state-owned property of the subjects of the Russian Federation or municipal property is sold at the contest, the sellers are defined in the legal acts of the subjects of the Russian Federation or the bodies of local government.

Decision of the Federal Power Supply Commission of the Russian Federation No. 35/15 of June 19, 2002 on the Endorsement of the Rules of Application of the Fees for Additional Operations Pertaining to Cargo Transportation on the Federal Railway Transport (Tariff Guide 3)

Defines the rates of fees for additional operations pertaining to cargo transportation on the federal railway transport (for cargo presentation for transportation with declared value, escort and guard services, loading and unloading of cargo and containers, weighing, change of address, cargo storage, delivery and cleaning of cars). The rates apply on all railways forming part of the uniform network of railways of the Russian Federation and are uniform for all shippers and consignees, owners of access railways. The amounts of fees are fixed at the maximum. The chiefs of the railways may fix lower fees according to the procedure specified in the Decision.
Registered in the Ministry of Justice of the Russian Federation on August 12, 2002. Reg. No. 3681.

Decision of the Federal Power Supply Commission of the Russian Federation No. 35/12 of June 19, 2002 on the Endorsement of the Rules of Application of the Rates of Payment for the Use of Cars and Containers of the Federal Railway Transport (Tariff Guide 2)

Defines the rates of payment for the time of stay of cars, containers of the federal railway transport with consignees, shippers, owners of access railways or the waiting time of their delivery or accepting for reasons depending on the consignees, shippers, owners of access railways.
To estimate the payment for the use of cars, containers, the basic rate and the paid time of use are determined. The basic rates are different depending on the groups of cars, containers, volumes of daily car turnovers, container turnovers, time of use intervals.
Registered in the Ministry of Justice of the Russian Federation on August 8, 2002. Reg. No. 3678.

Decision of the Federal Commission for Securities Market No. 19/ps of June 7, 2002 on the Endorsement of the List of Securities Permitted for Urgent Deals and Purchase-And-Sale Deals with Payments Cleared by the Broker Using Monetary Resources or Securities Provided by the Client to the Broker on Delayed Return Basis

Endorses the new list of securities extended to 15 items (the previous one containing 10 items). The list includes now preference stocks of the open-type joint-stock company Surgutneftegaz, open-type joint-stock company of intercity and international telecommunication Rostelecom and open-type joint-stock company Joint-Stock Commercial Savings Bank of Russia, as well as ordinary stocks of Norilsky Nikel company, open-type joint-stock company Siberian Oil Company.
According to the statement of the Ministry of Justice of the Russian Federation No. 07/6518-AK of July 9, 2002, the Decision does not need state registration.

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