Windfall tax for major companies to be introduced in Russia

Garant Free Online Demo

Legal information system for your company.
Simply click on the button Start working and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 30.09.2002

Decision of the Government of the Russian Federation No. 643 of August 30, 2002 on the Amendment to the Decision of the Government of the Russian Federation No. 783 of July 10, 1999

Changes the rates of the customs duties for the imported by natural persons according to the simplified procedure cars regardless of the country of origin classified in Headings 8702 and 8703 of the Foreign Trade Commodity Nomenclature of the Russian Federation. Beginning with October 1, 2002, the uniform rate of customs duties and taxes for cars older than 7 years is fixed to amount to: EURO 2 per 1 cm3 for those with engine capacity up to 2,500 cm3 and EURO 3 per 1 cm3 for those with engine capacity greater than 2,500 cm3. The earlier rates were EURO 0.85 and EURO 1.4 respectively.
The customs rates for new cars and cars 3 to 7 years old did not change.

Decision of the Government of the Russian Federation No. 642 of August 30, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 830 of November 30, 2001

Amends the Customs Tariff of the Russian Federation. From October 1, 2002 through July 1, 2003, introduces increased rates of import customs duties for cars older than 7 year. The amount of the duty is fixed in euros per 1 cm3 (earlier, in percent of the customs cost). For example, the rate of the import customs duty for a car older than 7 years with the engine capacity greater than 1,800 cm3 but not greater than 3,000 cm3 (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 8703 23 902 1) is fixed to amount to EURO 2.2 per cm3 (earlier, 25% of the customs cost, however, not less than EURO 0.55 per 1 cm3).

Decision of the State Standards Committee of the Russian Federation No. 40 of June 18, 2002 on the Amendments to the Rules of Certification of Perfumery and Cosmetic Items

Changes the procedure of certification of perfumery and cosmetic items, in particular omits the requirements on the issue of the license for the application of the compliance sign by the body of certification. This is because the Rules of issue of licenses for the works in obligatory certification and application of the compliance sign are abandoned, since the Federal Law on August 8, 2001 on the licensing of individual types of activities does not envisage the licensing of works in obligatory certification.
Registered in the Ministry of Justice of the Russian Federation on August 27, 2002. Reg. No. 3749.

Order of the State Customs Committee of the Russian Federation No. 858 of August 8, 2002 on the Improvement of the Customs Registration and Customs Control of Commodities

When declaring the commodities imported by highway transport or other types of transport with subsequent reloading to automobiles, Column 44 of the cargo customs declaration is used to enter the commodity No. assigned at the registration of the shipment under the customs control after each registration No. of the transport document without spaces after the divider ("/").
The Order is entered into force 30 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on August 27, 2002. Reg. No. 3748.

Decision of the State Standards Committee of the Russian Federation No. 42 of June 18, 2002 on the Amendments to the Rules of Certification of Tobacco and Tobacco Items

Changes the procedure of certification of tobacco and tobacco items, in particular, omits the requirements to issue the license for the application of the compliance sign by the body of certification. This is because the Rules of issue of licenses for the works in obligatory certification and application of the compliance sign are abandoned, since the Federal Law of August 8, 2001 on the licensing of individual types of activities does not envisage the licensing of works in obligatory certification.
Registered in the Ministry of Justice of the Russian Federation on August 27, 2002. Reg. No. 3742.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-21/448 of August 19, 2002 on the Endorsement of the Form of Calculation of the Regular Payments for the Use of Mineral Resources and Its Filling Procedure

In view of the changes introduced by the Federal Law No. 57-FZ of May 29, 2002 to the Tax Code of the Russian Federation, endorses the new form of the estimate of the regular payments for the use of mineral resources and its filling procedure.
Registered in the Ministry of Justice of the Russian Federation on August 26, 2002. Reg. No. 3739.

Decision of the Government of the Russian Federation No. 654 of August 31, 2002 on the Procedure of Forming, Placing and Spending of the Reserve of Resources for Obligatory Social Insurance against Industrial Accidents and Occupational Diseases

The insurance reserve is formed by the Social Insurance Fund of the Russian Federation at the expense of the residue of insurance resources as of the beginning of the current year, additional insurance incomes in excess of the incomes amounts fixed in the Federal Law on the budget of the Social Insurance Fund of the Russian Federation and resources obtained from insurance reserves placed in high-liquidity state securities of the Russian Federation. The insurance reserve is spent exclusively to pay out insurance support in cases of unforeseen circumstances having caused reduction of receipts of insurance contributions or growth of expenses in such payments and, therefore, the deficit of insurance resources.

Decision of the Government of the Russian Federation No. 651 of August 31, 2002 on the Partial Changes to the Customs Tariff of the Russian Federation

Changes temporarily the rates of import customs duties for some commodities from the heading of organic chemical compounds. Reduces three times the duties for panty hose and tights for varicose veins. The new rates are introduced for 9 months.

Decision of the Government of the Russian Federation No. 649 of August 30, 2002 on the Amendments to the Regulation on the Ministry of Taxation of the Russian Federation

Amends the Regulation on the Ministry of Taxation of the Russian Federation endorsed by the Decision of the Government of the Russian Federation No. 783 of October 16, 2000 stipulated by the Ministry of Taxation of the Russian Federation being empowered with authority of state registration of legal entities.
The tax bodies are empowered with the following functions:
state registration of legal entities by entering into the state register of information on the creation, reorganization and liquidation of legal entities;
keeping according to established procedure of the Joint State Register of Legal Entities;
execution within their sphere of reference of control over observation of legislation of the Russian Federation in the sphere of state registration of legal entities.

Decision of the Government of the Russian Federation No. 635 of August 28, 2002 on the Invalidation of Some of the Normative Legal Acts of the Government of the Russian Federation Pursuant to the Entering into Force of the Code of the Russian Federation of Administrative Violations

Abandons a number of Decisions of the Government of the Russian Federation regulating the procedure of imposing fines for violations in the sphere of construction, as well as the procedure of indexing and use of the amounts of these fines.
The list of the sources of financing of the property of the Fire Safety Fund does not include now the resources obtained from fines in the sphere of fire safety.

Letter of the Ministry of Taxation of the Russian Federation No. AS-6-06/1243@ of August 14, 2002 on Individual Issues of Application of the Code of the Russian Federation on Administrative Violations When Implementing Control over Execution of the Law of the Russian Federation No. 5215-1 of June 18, 1993 on the Use of Cash Registers in Monetary Payments with Population

Article 14.5 of the Code of Administrative Violations of the Russian Federation institutes administrative responsibility for the sale of commodities, carrying out of works or rendering services without cash registers. The Decision of the Government of the Russian Federation No. 745 of July 30, 1993 endorses the Regulation on the use of cash registers in monetary payments with population. Failure to observe the procedure of use of cash registers specified in the given Regulation is a violation specified in Article 14.5 of the Code of Administrative Violations of the Russian Federation. Such violations include the following:
use of unregistered cash registers;
use of cash registers with missing or damaged seals or labelling;
use of defective cash registers;
other violations.

Order of the Government of the Russian Federation No. 1225-r of August 31, 2002

Approves the ecological doctrine of the Russian Federation defining the goals, directions, tasks and principles of carrying out the uniform state policy in the sphere of ecology for the long-term period.
Implementation of the provisions of the doctrine implies development of plans of actions at the federal, regional and economy-sector levels, as well as development and implementation of the measures of state support and regulation in the sphere of environmental protection and rational use of natural resources. Specific details of the provisions of the doctrine as applied to individual spheres of activities of the society and the state and particulars of carrying out of the state policy in the sphere of ecology for various subjects of the Russian Federation may be implemented while working out the programs of development of the subjects of the Russian Federation and sectors of economy.
The text of the document has not been published officially as of the moment of placing on the site.

Order of the Ministry of Internal Affairs of the Russian Federation No. 803 of August 21, 2002 on the Officials of the System of the Ministry of Internal Affairs of the Russian Federation Authorized to Draw Up the Protocols of Administrative Violations and Apply Administrative Arrest

Lists the categories of officials of the bodies and servicemen of internal troops of the Ministry of Internal Affairs of the Russian Federation authorized to drawn up the protocols in cases of administrative violations, as well as articles of the Code of Administrative Violations of the Russian Federation envisaging the drawing up of such protocols. Also lists the officials authorized to apply administrative arrest for not more than 3 hours and not more than 48 hours.
Registered in the Ministry of Justice of the Russian Federation on August 29, 2002. Reg. No. 3757.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/417 of August 6, 2002 on the Amendments to the Methodology Recommendations for the Application of Chapter 22 "Excise Duty Taxes" of Part 2 of the Tax Code of the Russian Federation (Commodities Subject to Excise Duty Taxes)

The amendments are introduced pursuant to the adoption of the Federal Law No. 57-FZ of May 29, 2002. The Order refines the list of the types of alcohol-containing products not rated as the ones subject to excise duty taxes, the tax rates, as well as the procedure of taxation of sales of commodities subject to excise duty taxes and exported to CIS member-states and outside them.

Letter of the Ministry of Taxation of the Russian Federation No. BS-6-05/1150@ of August 1, 2002

Amounts of the value added tax to be reimbursed from the federal budget under Article 176 of the Tax Code of the Russian Federation may be allocated to fulfil taxpayer duties to pay the uniform social tax only in portion due for transfer to the federal budget, to pay the penalties, redemption of arrears, amounts of tax sanctions for this tax.

Letter of the Ministry of Taxation of the Russian Federation No. VG-6-02/779@ of June 3, 2002 on the Explanation of Individual Issues of Determination of the Taxable Base for the Profit Tax from Organizations by Financial and Credit Organizations

Explains the procedure of determination of the taxable base for the profit tax from organizations by financial and credit organizations pursuant to the entering into force of Chapter 25 of the Tax Code of the Russian Federation. In particular, explains the procedure of registration by the banks for profit taxation purposes of the amounts of the value added tax for amortized property purchased after January 1, 2002 and other.

Decision of the Government of the Russian Federation No. 638 of August 28, 2002 on the Subprogram "Housing for Young Families" Forming Part of the Tied Federal Program "Housing" for the Years 2002-2010

The subprogram envisages creation of the system of state support for young families in the housing problem to improve the demographic situation in Russia. Participants of the subprogram are young families (with the age of spouses not greater than 30 years) recognized as needing improved housing conditions and living permanently on the territory of the subject of the Russian Federation participating in the implementation of the program.
The main form of state support in the housing problem of young families is subsidies to compensate for part of expenses of the purchase or construction of the housing at the birth (adoption) of the child. The amount of the granted subsidies is determined proceeding from the social norm of the total dwelling space per 1 member of the family adopted in the Russian Federation, however, not more than 18 square meters and the average market cost of 1 square meter of the total dwelling space endorsed by the bodies of executive power of the subjects of the Russian Federation.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-02/458 of August 21, 2002 on the Endorsement of the Methodology Recommendations to Estimate the Taxable Base Calculated in Compliance with Article 10 of the Federal Law No. 110-03 of August 6, 2001

Explains the procedure of calculation of the taxable base for the profit tax from January 1, 2002 described in Chapter 25 "Profit Tax from Organizations" of the Tax Code of the Russian Federation. The recommendations reflect the changes pertaining to the dates of occurrence of incomes and expenses assumed for taxation purposes, as well as classification of objects adopted for taxation purposes according to the specially established procedure.
Especially emphasized are issues of calculation of the taxable base by taxpayers when they switch over to incomes and expenses determination according to accrual method or cash collection method.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-21/432 of August 13, 2002 on the Endorsement of the Form of the Tax Declaration for the Uniform Agricultural Tax and Its Filling Instruction

To implement the provisions of Chapter 26.1 "Taxation System for Agricultural Producers (Uniform Agricultural Tax)" of the Tax Code of the Russian Federation, endorses the form of the tax declaration for the uniform agricultural tax and its filling Instruction. The Instruction is obligatory for organizations, peasant (farmers') enterprises, independent entrepreneurs being the payers of the uniform agricultural tax.
Registered in the Ministry of Justice of the Russian Federation on September 2, 2002. Reg. No. 3764.

Order of the Ministry of Finance of the Russian Federation and the Ministry of Taxation of the Russian Federation No. 86n/BG-3-04/430 of August 13, 2002 on the Endorsement of the Procedure of Registration of Incomes and Expenses and Economic Operations for Independent Entrepreneurs

The endorsed procedure defines the rules of registration of incomes and expenses and economic operations by independent entrepreneurs. Information of the records is used to calculate the taxable base for the income tax from natural persons paid by independent entrepreneurs in compliance with Chapter 23 of the Tax Code of the Russian Federation.
Defines the notions of "incomes" and "expenses" and particulars of their registration by independent entrepreneurs. Sets forth that independent entrepreneurs must preserve initial registration documents, logbook and other documents necessary for calculation and payment of the taxes for four years. The Order provides the form of the logbook of incomes and expenses and economic operations of the independent entrepreneur.
The procedure does not apply to the incomes of independent entrepreneurs covered by the simplified system of taxation, registration and reporting envisaged for subjects of small business, as well as to incomes covered by the uniform imputed income tax and the uniform agricultural tax.
The procedure is entered into force from the moment of its official publication and applies to legal relations emerging from January 1, 2002.
Registered in the Ministry of Justice of the Russian Federation on August 29, 2002. Reg. No. 3756.

Decision of the Government of the Russian Federation No. 658 of September 5, 2002 on the Amendments to and Invalidation of Some of the Acts of the Government of the Russian Federation on Calculation of the Pensions and Other Social Payments

The changes are stipulated by the entering into force of the Federal Laws on the state pension support in the Russian Federation and on labour pensions in the Russian Federation. The changes pertain to the procedure of assigning and paying out of monetary payments to individual categories of citizens, the amount being fixed depending on the amount of the labour pension.

Order of the Government of the Russian Federation No. 1228-r of September 5, 2002

Approves the complex of measures to develop the metallurgical industry of the Russian Federation for the period until 2010. Defines the goals, tasks and priorities of development of the domestic metallurgy taking into account the need to ensure efficient participation of Russia in the international distribution of work force, satisfaction of the demands of the internal market.
Implementation of the complex of measures will permit to modernize the metallurgical industry of Russia, improve export potential of the metallurgical complex, ensure industry switchover to the innovative way of development and influence positively the competitiveness of the products of adjacent industries.

Regulation of the Central Bank of Russia No. 193-P of August 20, 2002 on the Amendments to the Regulation of the Bank of Russia No. 62 of June 25, 1997 on the Procedure of Purchase and Handing Out of Foreign Currencies to Pay for the Travel Expenses

In view of the transfer of the functions of the Federal Service of Russia for Currency and Export Control to the Ministry of Finance of the Russian Federation, appropriate changes are introduced in the procedure of purchase and handing out of foreign currencies to pay for the travel expenses.
Besides, the Regulation changes the procedure of filing out the strict reporting from of Certificate 0406007 confirming the right of the holder of it to export currency values form the Russian Federation.
The Regulation is entered into force 10 days after the day of official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on September 3, 2002. Reg. No. 3769.

Decision of the Government of the Russian Federation No. 661 of September 6, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 251 of March 31, 2001

The list of items of religious destination produced and sold by religious organizations in the framework of religious activities the sale (handing over for own needs) of which is exempted from the value added tax includes religious literature.
Besides, the Decision extends the list of subjects producing and selling items of religious destination. Now, they include organizations owned by religious organizations (associations) and economic companies with the registered (shared) capital consisting fully of shares of religious organizations (associations).

Order of the Ministry of Taxation of the Russian Federation No. VG-3-21/475 of September 3, 2002 on the Amendments to the Methodology Recommendations on the Application of Chapter 26 "Tax on Extraction of Mineral Resources" of the Tax Code of the Russian Federation

The amendments are introduced pursuant to the entering into force of the Federal Law No. 57-FZ of May 29, 2002. Not recognized as the object of taxation are drainage underground waters recovered when developing deposits of mineral resources or when building or operating underground structures under the condition that these waters are qualified as mineral resources not registered on the state balance of reserves of mineral resources.
The Order refines the procedure of determination of the extracted mineral resources, as well as the procedure of determination of the taxable base. Specifies, in particular, that the cost of the recovered unique precious stones and unique nuggets of precious metals other than for processing is determined as the product of the amount of sold mineral resources and their selling prices (without the VAT less than the amount of taxpayer expenses to deliver (transport) them to the recipient).
The procedure of assessment of the cost of extracted mineral resources is extended to include new examples.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 68 of July 30, 2002 on the Practice of Application of Part 2 of Article 1002 of the Civil Code of the Russian Federation

Conveys recommendations on application of the norm of Part 2 of Article 1002 of the Civil Code of the Russian Federation stating that if the commission agent is declared insolvent (bankrupt), his rights and duties under the deals concluded for the client in execution of the directions of the latter transfer to the client.
In particular, the transfer to the client of the duty to reimburse the losses or bear other measures of responsibility under the deal with a third party occurs regardless of who was to execute responsibilities to the third party under the contract of commission and whose fault was it to fail to execute or execute it improperly.

Decision of the Government of the Russian Federation No. 666 of September 9, 2002 on the Procedure of Execution by the Ministry of Finance of the Russian Federation of Court Acts in Lawsuits against the Treasury of the Russian Federation to Reimburse the Damage Incurred by Illegal Actions (Failure to Act) of the Bodies of State Power or Officials of the Bodies of State Power

Defines the procedure of execution by the Ministry of Finance of the Russian Federation of the court acts to exact from the Treasury of the Russian Federation of monetary resources to reimburse the damage incurred by illegal actions (failure to act) of the bodies of state power or their officials on the basis of writs of execution.
The exacting authority presents to the Ministry of Finance of the Russian Federation the writ of execution, certified copy of the court act, as well as application indicating the requisites of the bank account where the resources due for exaction must be transferred to. The Decision also lists the reasons why the writ of execution may be returned to the exacting authority without execution.

Decision of the Government of the Russian Federation No. 665 of September 9, 2002 on the Monthly Supplement for the Special Conditions of State Service to the Heads of the Federal Bodies of Executive Power Not Being Members of the Government of the Russian Federation, Heads of State Bodies of the Government of the Russian Federation, State Bodies Attached to the Government of the Russian Federation, State Bodies of the Federal Bodies of Executive Power and State Bodies Attached to the Federal Bodies of Executive Power

From June 30, 2002, the mentioned persons shall get monthly supplement for the special conditions of state service in the amount of 200% of their salary.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/416 of August 6, 2002 on the Amendments to the Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/25 of January 21, 2002

Pursuant to the entering into force of the Federal Law No. 57-FZ of May 29, 2002, changes the procedure of filling out the declaration for the value added tax and the declaration for the value added tax for operations subject to the zero percent tax rate.
Registered in the Ministry of Justice of the Russian Federation on September 5, 2002. Reg. No. 3777.

Order of the Ministry of Finance of the Russian Federation No. 81n of August 7, 2002 on the Introduction of the Reports to Finance the Expenses Pertaining to the Implementation of the Law of the Russian Federation on the Status of the Heroes of the Soviet Union, Heroes of the Russian Federation and Full Chevaliers of the Order of Glory and the Federal Law on the Social Guarantees to the Heroes of Socialist Labour and Full Chevaliers of the Order of Labour Glory

Endorses and enters into force, beginning with the report as of October 1, 2002, the form of the quarterly and annual reports on the financing of expenses pertaining to the implementation of the mentioned laws. Besides, endorses the Direction on the procedure of filling out of this form.
The form is filled out by the financial bodies of the subjects of the Russian Federation and is submitted to the Ministry of Finance of the Russian Federation no later than within 30 days upon expiry of the reported period (quarter, year). The annual reports are drawn up as of January 1 of the year following the reported one, the quarterly ones, as of April 1, July 1, and October 1 of the current year in roubles.

Order of the State Customs Committee of the Russian Federation No. 922 of August 30, 2002 on the Endorsement of the Register of Banks and Other Organizations Acting As Guarantors to Customs Bodies

Endorses the new list of banks and insurance organizations whose guarantees are accepted by the customs bodies to secure customs payments.

Letter of the Ministry of Labour of the Russian Federation, Social Insurance Fund of the Russian Federation No. 6088-GK/02-08/05-2283P of September 9, 2002 on the Lumpsum Allowance at Child Birth

Explains the issues of lumpsum allowance paid out at child birth to independent entrepreneurs, lawyers (notaries) and other self-employed persons.
Beginning with January 1, 2001, contributions to the state non-budgetary funds, including the Social Insurance Fund of the Russian Federation, are paid out within the uniform social tax. Independent entrepreneurs (lawyers, notaries) are not being the payers of this tax in the amount transferred to the Social Insurance Fund of the Russian Federation. However, according to the Federal Law No. 81-FZ of May 19, 1995 on state allowances to citizens with children, the right for the lumpsum allowance at child birth is bestowed on one of the parents or his replacing person regardless of whether or not he works.
Thus, the mentioned persons cannot get the lumpsum allowance at child birth according to the procedure specified in the normative acts on obligatory social insurance for persons working under labour contacts, i.e. at the place of work at the expense of the uniform social tax.
Therefore, in cases when both of the parents are being independent entrepreneurs or one of them is not working and the other is being an independent entrepreneur, the above allowance is paid out by the bodies of social protection to the population at the place of residence of one of the parents where the child lives - at the expense of resources of the Social Insurance Fund of the Russian Federation. The similar procedure is used to pay out the lumpsum allowance at child birth to lawyers, notaries and other self-employed persons.

Letter of the State Customs Committee of the Russian Federation No. 01-06/31556 of August 6, 2002 on Some Issues of Application of the Order of the State Customs Committee of Russia No. 186 of February 26, 2002

Explains some issues of customs clearance of some material media exported from the Russian Federation by participants of foreign trade activities registered in Moscow and the Moscow Province.
In particular, temporarily exported material media (for demonstration at exhibitions, fairs, international meetings and other) may be cleared in the customs bodies at the place of location of legal entities exporting the mentioned commodities.
Periodicals, as well as commercial consignments (prints or parts of prints) of books, diskettes, audio cassettes, compact disks, video cassettes being a product ready for sale at consumer market are not being the object of regulation of the Order.

Decision of the Federal Commission for Securities Market No. 33/ps of August 14, 2002 on the Endorsement of the Lists of Officials of the Federal Commission for Securities Market of Russia and the Regional Divisions of the Federal Commission for Securities Market of Russia Authorized to Drawn Up Protocols of Administrative Violations

Lists officials of the Federal Commission for Securities Market of Russia and the regional divisions of the Federal Commission for Securities Market of Russia in the federal districts authorized to draw up protocols of administrative violations in compliance with the Code of Administrative Violations of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on September 6, 2002. Reg. No. 3780.

Decision of the Federal Commission for Securities Market No. 29/ps of July 31, 2002 on the Invalidation of Item 1 of the Decision of the Federal Commission for Securities Market No. 8 of April 20, 1998 on the Endorsement of the Regulation on the Procedure of Holding of the General Meeting of Stock-Holders by Absentia Vote and Introduction of Amendments to the Regulation on the Keeping of the Register of Holders of the Registered Securities Endorsed by the Decision of the Federal Commission for Securities Market No. 27 of October 2, 1997

Invalidates from August 20, 2002 the Regulation on the procedure of holding of the general meeting of stock-holders by way of absentia vote. The procedure of holding of the annual and extraordinary meetings of stock-holders of the closed-type and open-type joint-stock companies by arranging absentia vote is specified in the Decision of the Federal Commission for Securities Market of Russia No. 17/ps of May 31, 2002.

Decision of the Federal Commission for Securities Market No. 26/ps of July 3, 2002 on the Amendments to the Decision of the Federal Commission for Securities Market of Russia No. 4/ps of March 21, 2002 on the Requirements to the Amount of Own Resources of the Managing Company of Investment Funds, Shared Investment Funds and Non-State Pension Funds

Envisages a stepwise increase in the normative of sufficiency of own resources of the managing companies: Rbl 10,000 from January 1, 2003, Rbl 20,000 from April 1, 2003.
The increase in the minimum amount of own resources of the managing companies of investment funds, shared investment funds and non-state pension funds is aimed to reduce financial risks of the activities of these organizations.

Decision of the Federal Commission for Securities Market No. 28/ps of July 31, 2002 on the Endorsement of the Requirements to the Amount of Own Resources of the Joint-Stock Investment Fund

The amount of own resources of the joint-stock investment fund as of the date of submission of the documents to get the license must be at least Rbl 5 million.
Before the entry into force of the procedure of calculation of own resources of the joint-stock investment fund, its own resources are determined according to the procedure of calculation of own resources of the managing company of investment funds, shared investment funds and non-state pension funds endorsed by the Decision of the Federal Commission for Securities Market of Russia No. 5/ps of March 21, 2002.

Decision of the Government of the Russian Federation No. 671 of September 13, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 939 of December 9, 2000

The rate of export customs duty for raw oil and oil products from bituminous materials (code according to the Foreign Trade Commodity Nomenclature 2709 00) exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements is endorsed in the amount of USD 26.2 per 1,000 kg.
The present Decision is entered into force from October 1, 2002.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-21/433 of August 13, 2002 on the Endorsement of the Instruction on the Filling Out of the Tax Declaration for the Tax on Extraction of Mineral Resources

Institutes the procedure of filling out of the tax declaration for the tax on extraction of mineral resources, the form being endorsed by the Order of the Ministry of Taxation of Russia No. BG-3-21/362 of July 15, 2002. The form of the tax declaration and its filling Instruction are obligatory for the payers of the tax on extraction of mineral resources.
Registered in the Ministry of Justice of the Russian Federation on September 11, 2002. Reg. No. 3788.

Decision of the Federal Commission for Securities Market No. 30/ps of July 31, 2002 on the Amendments to the 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 the Payments Made by the Broker Using Monetary Resources or Securities Provided by the Client to the Broker on Delayed Return Basis

The list of securities permitted for urgent deals and purchase-and-sale deals and securities with payments made by the broker using monetary resources or securities provided by the client to the broker on delayed return basis is extended to include the bonds of the external bond loan (Eurobonds) of the Russian Federation with the final redemption date of March 31, 2030 (state registration No. SK-0-CM-128).

Decision of the Government of the Russian Federation No. 672 of September 13, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 137 of February 28, 2002 on the Measures to Implement the Federal Law on the Federal Budget for the Year 2002

In view of the adoption of the Federal Law on the amendments to the Federal Law on the federal budget for the year 2002, introduces amendments to the Decision of the Government of the Russian Federation No. 137 of February 28, 2002.
The Ministry of Finance of the Russian Federation is ordered to extend until December 31, 2002 the time of return of the budget loans allocated until January 1, 2002 and in the first six months of 2002 from the federal budget to cover temporary cash gaps in the execution of the budgets of the subjects of the Russian Federation. The new wording is provided for the maximum amounts of expenses with financing being transferred to later periods.

Direction of the Central Bank of Russia No. 1193-U of September 9, 2002 on the Updating Procedure for the Guide of the Bank Identification Codes of Participants of Payments on the Territory of the Russian Federation

Updates of information included in the Guide of Bank Identification Codes of the Russian Federation are carried out two times a week. The changes to the Guide of Bank Identification Codes of the Russian Federation shall enter into force simultaneously on the whole territory of the Russian Federation two working days after their sending at 00 hours Moscow time. The changes sent to the Main Informatization Centre of the Bank of Russia on Monday shall enter into force on Thursday current week, those sent on Wednesday - on Monday next week.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

Order of the Ministry of Taxation of the Russian Federation No. VG-3-03/491 of September 17, 2002 on the Amendments to the Order of the Ministry of Taxation of Russia No. BG-3-03/447 of December 20, 2000

Amendments to the Methodology Recommendations on the application of Chapter 21 "Value Added Tax" of the Tax Code of the Russian Federation are introduced pursuant to the entering into force of the Federal Laws No. 179-FZ of December 28, 2001 and No. 57-FZ of May 29, 2002.
The new wording is provided for the explanations of the tax bodies for the application of Articles 145, 146, 148, 149, 153, 154, 164 and other of the Tax Code of the Russian Federation.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-10/411 of August 5, 2002 on the Endorsement of the Recommendations on the Procedure of Keeping in the Tax Bodies of the Cards of Personal Accounts of Taxpayers, Payers of Fees and Tax Agents

The present Order is issued to replace the Instruction of the State Tax Service No. 26 on the procedure of keeping in the state tax inspections of operative accounting records of taxes, fees, duties and other obligatory payments endorsed by the Order of the State Tax Service of Russia No. BG-3-13/23 of April 15, 1994.
The new procedure of keeping in the tax bodies of the cards of personal accounts of taxpayers and tax agents reflects the changes in the tax legislation after adoption of Parts 1 and 2 of the Tax Code of the Russian Federation.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-29/444 of August 16, 2002 on the Amendments to the Order of the Ministry of Taxation of Russia No. VG-3-10/175 of June 1, 2001

Changes the procedure of taking the decision on recognizing as desperate for collection and writing off of arrears and debts in penalties for the federal taxes and fees.
Now, according to this procedure, desperate for collection may also be recognized amounts of tax sanctions for the violation of the legislation of the Russian Federation on taxes and fees that, before the entry into force of the Tax Code of the Russian Federation, were collected on indisputable basis with the decision of the tax body having been taken before January 1, 1999.
Registered in the Ministry of Justice of the Russian Federation on September 16, 2002. Reg. No. 3801.

Order of the State Customs Committee of the Russian Federation No. 882 of August 22, 2002 on the Amendments to the Order of the State Customs Committee of Russia No. 110 of March 11, 1997

Changes the procedure of customs control and customs registration of commodities moved across the customs border of the Russian Federation in foreign-trade barter deals, in particular, the procedure of filling out the cargo customs declaration.
Registered in the Ministry of Justice of the Russian Federation on September 16, 2002. Reg. No. 3800.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-09/431 of August 13, 2002 on the Preparation for Publication and Publication of Information Contained in the Joint State Register of Legal Entities

Endorses Form R80002 "Information Entered in the Joint State Register of Legal Entities". The given form is used for preparation for publication and publication of information contained in the Joint State Register of Legal Entities. Information from the State Register intended for publication may be published in the form of separate booklets or published in the bodies of regional and local media on the basis of agreements of information interaction, as well as must be placed on desks in the territorial bodies of the Ministry of Taxation of Russia. The Order fixes the time limits for submission for publication of information entered in the State Register within certain period by the Ministry of Taxation of the Russian Federation and departments of the Ministry of Taxation of Russia for the subjects of the Russian Federation.
To ensure the openness and availability of information contained in the State Register to the public, it must be placed on the sites of the departments of the Ministry of Taxation of Russia for the subjects of the Russian Federation in Internet. The mentioned information must be updated at least once a month on the basis of information of state registration of legal entities and changes to the State Register on the covered territory.
Registered in the Ministry of Justice of the Russian Federation on September 13, 2002. Reg. No. 3795.

Decision of the State Construction Committee of the Russian Federation No. 108 of August 30, 2002 on the Average Market Cost of 1 Square Meter of the Total Dwelling Space for the VI Quarter of 2002 to Calculate the Amount of Free Subsidies and Loans for the Purchase of Dwelling Space by All Categories of Citizens Getting the Mentioned Subsidies and Loans at the Expense of the Federal Budget

The average market cost of 1 square meter of the total dwelling space for the calculation of the amount of free subsidies is increased by approximately Rbl 200-300 as compared to the III quarter of 2002.
Registered in the Ministry of Justice of the Russian Federation on September 12, 2002. Reg. No. 3792.

Decision of the Government of the Russian Federation No. 684 of September 18, 2002 on the Typical Rules of Trusteeship Control of Periodic-Redemption Shared Investment Fund

Defines the terms of trusteeship control of the fund. The founder of trusteeship control shall transfer the property in trusteeship control by the managing company to combine this property with the property of other founders of trusteeship control and include it in the fund for a certain period of time, with the managing company being obliged to manage the property in the interests of the founder of trusteeship control. The owners of investment shares assume the risk of losses pertaining to the change of the market cost of the property forming the fund. The rules define the rights and duties of the managing company, as well as the rights of owners of investment shares. The Decision provides the list of obligatory information included in the form of the application for the purchase, redemption or exchange of investment shares of the fund.

Decision of the Government of the Russian Federation No. 683 of September 18, 2002 on the Endorsement of the Rules of Granting of Subventions and Subsidies in 2002 to Organizations of the Air, Sea and River Transport

Institutes the procedure of granting in 2002 of subventions and subsidies from the federal budget to organizations of the air, sea and river transport.
The list of transport organizations begin the recipients of subventions and subsidies is determined by the Ministry of Transport of the Russian Federation on the contest basis in compliance with the legislation.

Decision of the Government of the Russian Federation No. 681 of September 18, 2002 on the Procedure of Placing in 2002 of the Temporarily Free Resources of the Reserve of the Budget of the Pension Fund of the Russian Federation

The Pension Fund of the Russian Federation enjoys the right to place the temporarily free resources of the reserve of the Pension Fund of the Russian Federation in excess of the amounts allocated to ensure the current balance and replenishment of the normative of monetary resources in circulation of the budget of the Pension Fund in the state securities of the Russian Federation with obligations in the currency of the Russian Federation and foreign currencies. The volumes, structure and time of purchase and sale of the state securities are defined in coordination with the Ministry of Finance of the Russian Federation.

Order of the Ministry of Communication of the Russian Federation No. 113 of September 9, 2002 on the Endorsement of the Rules of Putting in Operation of Communication Structures

Endorses the procedure of putting in operation of communication structures and telecommunication networks. The putting in operation according to the present rules applies to the new communication structures or the existing ones where the registered parameters changed as a result of the reconstruction (expansion, modernization).
The Order provides an exhaustive list of the necessary documents that may be requested by the state enforcement bodies in the sphere of communication and informatization from communication operators when the structures (networks) are put in operation.
Registered in the Ministry of Justice of the Russian Federation on September 17, 2002. Reg. No. 3804.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/478 of September 4, 2002 on the Endorsement of the Procedure of Issue of Certificates of Registration of the Person Carrying Out Operations with Oil Products

Registered in the Ministry of Justice of Russia on September 17, 2002. Reg. No. 3805.
Sets forth that decisions on the issue, refusal to issue, suspension, renewal, revocation of certificates of registration of the person carrying out operations with oil products are taken by the heads (deputy heads) of departments of the Ministry of Taxation of Russia for the subjects of the Russian Federation, as well as the Interregional Inspection of the Ministry of Taxation of Russia for the Biggest Taxpayers No. 1.
Endorses the procedure of issue of certificates of registration of the person carrying out operations with oil products and the necessary blanks forms. The given procedure applies to organizations and independent entrepreneurs engaged in production and sale of oil products. The certificate is a document serving as grounds to accept for exemption amounts of excise duty tax specified in Chapter 22 of the Tax Code of the Russian Federation.

Decision of the Ministry of Labour of the Russian Federation No. 59 of August 14, 2002 on the Endorsement of the Recommendations on the Organization of Work to Examine a Collective Labour Dispute in Labour Arbitration

Provides the cases of creation of the labour arbitration when considering a collective labour dispute, the recommended procedure of creation and authority of the labour arbitration, as well as the forms of the protocols of sessions.

Decision of the Ministry of Labour of the Russian Federation No. 58 of August 14, 2002 on the Endorsement of the Recommendations on the Organization of Work to Examine a Collective Labour Dispute Involving a Mediator

Consideration of the collective labour dispute involving a mediator is one of the stages of the conciliation procedures. The mediator for consideration of the collective labour dispute is invited after coordination by the parities within three working days after drawing up of the protocol of discrepancies by the conciliation commission. The Decision specifies the rights and duties of the mediator, as well as the recommended forms of protocols in the cases of examination of collective labour disputes.

Decision of the Ministry of Labour of the Russian Federation No. 57 of August 14, 2002 on the Endorsement of the Recommendations on the Organization of Work to Consider a Collective Dispute by the Conciliation Commission

The conciliation commission shall consider collective disputes pertaining to the fixing and changing of the conditions of work (including the earnings), conclusion, changing and execution of the collective contracts, agreements, as well as in cases of refusal of the employer to take into account the opinion of the elective representative body of employees when adopting the acts containing the norms of labour legislation in the originations. The Decision provides the procedure of creation of the conciliation commission, procedure of fixing its authority, the rights and duties of the members of the conciliation commission, forms of protocols.

Decree of the President of the Russian Federation No. 1011 of September 21, 2002 "Issues of the Ministry of the Russian Federation for Civil Defence, Emergency Situations and Elimination of the Consequences of Natural Disasters"

Endorses the Regulation on the Ministry of the Russian Federation for Civil Defence, Emergency Situations and Elimination of the Consequences of Natural Disasters.
The maximum employee payroll for the central office of the Ministry for Emergency Situations of Russia is fixed to amount to 1,039 persons. The Decree defines the main tasks, functions and authority of the Ministry of Emergency Situations of Russia.
The framework of the Ministry of Emergency Situations of Russia includes regional centres of the Ministry of Emergency Situations, bodies specially authorised to solve civil defence tasks and the tasks in prevention and elimination of emergency situations, the State Fire Service of the Ministry of Emergency Situations of Russia, civil defence troops, educational, scientific research institutions and other organizations subordinate to the Ministry of Emergency Situations of Russia. To solve humanitarian tasks, part of the forces in the framework of the Ministry of Emergency Situations of Russia is used to create the Russian national corps of emergency humanitarian response.

Order of the State Customs Committee of the Russian Federation No. 591-r of September 11, 2002 on the Customs Payments for Transit Shipment Through the Territory of the Russian Federation of Transport Vehicles Moved by Natural Persons to the Republic of Kazakhstan and Not Intended for Production or Other Commercial Activities

Provides the procedure of ensuring customs payments using guarantee certificates that may be applied for transit shipment through the territory of the Russian Federation of transport vehicles moved by natural persons to the Republic of Kazakhstan and not intended for production or other commercial activities if the persons living permanently in the Republic of Kazakhstan wish so to simplify the transit procedure.
The persons avoiding the present procedure and engaged in such shipment ensure customs payments for the mentioned transport vehicles in compliance with the normative legal acts of the State Customs Committee of Russia regulating the transit procedure for transport vehicles moved as commodity through the territory of the Russian Federation on their own.

Decision of the Government of the Russian Federation No. 689 of September 23, 2002 on the Amendment to the Regulation on the Licensing of Activities in Technical Protection of Confidential Information

The changes pertain to the licensing requirements and terms of carrying out of activities in technical protection of confidential information. Such requirements include, in particular, correspondence of production rooms, production, testing and control-and-measuring equipment to the technical norms and requirements specified in the state standards of the Russian Federation and the normative and methodology documents on technical protection of information.

Direction of the Central Bank of Russia No. 1192-U of September 5, 2002 on the Procedure of Selling of Foreign Currencies at the Internal Currency Market of the Russian Federation

The selling of foreign currencies by a resident (legal entity or natural person) may be carried out at the order of the latter through the servicing authorized bank at interbank currency exchanges, non-exchange interbank currency market, to the Central Bank of the Russian Federation (upon coordination with the Department of Currency Operations of the Bank of Russia) or directly to the authorized bank serving the resident.
The present Direction is entered into force from December 1, 2002.
Registered in the Ministry of Justice of the Russian Federation on September 17, 2002. Reg. No. 3806.

Order of the State Customs Committee of the Russian Federation No. 929 of September 2, 2002 on the Use of Microprocessor Plastic Cards (Customs Cards)

In cases when it is necessary to transfer customs payments, including those for less than EUR 50,000 equivalent, as well as when drawing up the delivery under the customs control of transport vehicles moved across the customs border of the Russian Federation by natural persons, it is permitted to use microprocessor plastic cards (customs cards) issued in compliance with the Order of the State Customs Committee of Russia No. 757 of August 3, 2001.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3812.

Decision of the Government of the Russian Federation No. 699 of September 24, 2002 on the Procedure of Issue of Permissions to Residents to Delay Payments for the Export of Commodities (Works, Services, Results of Intellectual Activities) for More Than 90 Days

Endorses coordinated with the Central Bank of Russia rules of issue of permissions to residents to delay payments for the export of commodities (works, services, results of intellectual activities) for more than 90 days.
Beginning with September 1, 2002, the granting of the mentioned respite regardless of the date of conclusion of the foreign-trade deal (contract) is permitted only in the presence of the permission issued by the Ministry of Finance of the Russian Federation.
Permissions issued earlier by the Central Bank of Russia preserve their force until expiry or until operations envisaged in these permissions are over.

Decision of the Government of the Russian Federation No. 696 of September 23, 2002 on the Endorsement of the Federal Rules (Standards) of Audit Activities

The standards have been worked out taking into account the international audit standards and fix uniform goals and main audit principles.
The Decision endorses the goal and main principles of audit of financial (accoutring) reports, documentation and planning of audit, essentiality in audit, audit facts and audit statement on financial (accounting) reports.

Decision of the Government of the Russian Federation No. 695 of September 23, 2002 on the Obligatory Psychiatric Certification of Employees Engaged in Individual Types of Activities Including the Ones Involving Hazardous Sources (Impact of Hazardous Substances or Adverse Industrial Factors), As Well As Those Working in Hazardous Environments

Employee certification is carried out to determine their fitness from the viewpoint of psychic health to carry out individual types of activities, as well as to work in hazardous environments. Employee certification is carried out at least once in five years. If the employee does not agree with the decision of the commission, he may appeal against it in court.
The organizational and methodology work in issues pertaining to obligatory psychiatric certification is vested in the Ministry of Public Health of the Russian Federation.

Decision of the Government of the Russian Federation No. 691 of September 23, 2002 on the Endorsement of the Regulations on the Licensing of Individual Types of Activities Pertaining to the Means of Encoding (Cryptography)

Endorses Regulations on the licensing of activities in distribution, technical maintenance of the means of encoding (cryptography), providing services in the sphere of information encoding, development, production of the means of encoding (cryptography), information and telecommunication systems protected with the means of encoding (cryptography). The earlier issued licenses preserve their force for the mentioned types of activities until expiry.
The licensing body is the Federal Agency of the Governmental Communication and Information of the President of the Russian Federation.

Order of the State Customs Committee of the Russian Federation No. 909 of August 29, 2002 on the Places of the Customs Registration of Commodities Requiring Special Storage Conditions

Provides the list of the customs bodies considered as the places of the customs registration of commodities requiring special storage conditions.
The mentioned customs bodies may permit the storage of the mentioned commodities at temporary storage warehouses with specially allocated freezing chambers for the storage of commodities of the mentioned categories. The customs fees for the customs registration of commodities and transport vehicles are collected in the single amount.
The Order is entered into force 30 days after the day of its official publication.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3813.

Order of the State Customs Committee of the Russian Federation No. 444 of April 30, 2002 on the Customs Registration of Commodities Moved over Pipelines and Electric Power Lines

Endorses the Instruction on the customs registration of commodities moved across the customs border of the Russian Federation over pipelines and electric power lines.
The Instruction applies also to intermodal commodity transportation by different types of transport one of which being pipelines.
The general management of the activities of the customs bodies in the customs registration of commodities (other than those moved over the water and ammonia conduits), customs and currency control is vested in the Central Power Supply Customs Office.
The Order is entered into force 30 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3809.

Direction of the Central Bank of Russia No. 1188-U of August 20, 2002 on the Amendments to the Normative Acts of the Bank of Russia in the Sphere of Currency Regulation and Currency Control

Extends the list of operations carried out without the permission of the Bank of Russia. Now, the permission of the Bank of Russia is not required for the transfers of foreign currencies by resident natural persons (other than independent entrepreneurs) from the Russian Federation and in favour of such persons in the Russian Federation for current expenses (other than for entrepreneurial, investment activities or for the purchase of rights for immovable property) for the amount not greater than USD 2,000 and not more than once in an operative day through one authorized bank.
The Direction is entered into force 10 days after the day of official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3808.

Letter of the Ministry of Taxation of the Russian Federation No. VG-6-03/1385@ of September 10, 2002 on the Highway User Tax

The Federal Law No. 110-FZ of July 24, 2002 omitted Subitem "l" from Item 1 of Article 20 of the Law of the Russian Federation No. 2118-1 of December 27, 1991 on the fundamentals of the tax system in the Russian Federation. This item was used as the basis to include in the federal taxes the taxes serving as sources of building of highway funds, including the highway user tax.
Since the given subitem was omitted, the issue of collection of the given tax in 2002 emerged.
The Letter explains that Article 5 of the Law of the Russian Federation No. 1759-1 of October 18, 1991 on the highway funds in the Russian Federation dedicated to the highway user tax is invalidated from January 1, 2003. The incomes from the highway user tax are envisaged in the federal budget for the year 2002. Therefore, the procedure of payment of the given tax is preserved in 2002.

Decision of the Government of the Russian Federation No. 700 of September 24, 2002 on the Amendments to the Rules of Sale of Wood on the Stump in the Forests of the Russian Federation Endorsed by the Decision of the Government of the Russian Federation No. 551 of June 1, 1998

The changes pertain to the procedure of granting the right of delay to bring out the logged wood - up to 6 months, as well as the right to delay wood felling under the felling tickets with effective period expiring in winter - until the snow melts away.
The delay for wood felling is granted by the decision of the federal body of forestry management in coordination with the body of executive power of the subject of the Russian Federation in view of the weather conditions in the absence of opportunities to change the felling area.

Letter of the Ministry of Taxation of the Russian Federation No. 02-5-11/190-AB939 of August 28, 2002 on the Capital Investment Exemption from the Profit Tax

Explains the procedure of granting the profit tax exemption when the profit is allocated to finance capital investments. The exemption may be granted in cases of actually made (covered) expenses at the expense of the profit left over at the disposal of the enterprise. The Letter provides the formula to calculate the maximum amount of the capital investment exemption that an organization may enjoy proceeding from the condition of exemption restriction to the amount of revealed balance profit in the reported period.

Letter of the Pension Fund of Russia No. KA-16-19/6161 of July 10, 2002 on the Application of the Federal Law No. 167-FZ of December 15, 2001 on the Obligatory Pension Insurance in the Russian Federation

Explains that the norms specified in the Federal Law No. 167-FZ of December 15, 2001 on obligatory pension insurance in the Russian Federation do not apply to the servicemen, persons of the rank-and-file and officers of the bodies of the Ministry of Internal Affairs, personnel of the bodies of the tax police, criminal execution system, customs bodies, judges, prosecutors and investigators with special knowledge. The pension support (life-time subsistence) for these persons is provided in compliance with special normative legal acts of the Russian Federation regulating the given relations.
Federal courts and prosecutors' bodies do not include in the taxable base for calculation of the tax due to the federal budget amounts of the monetary subsistence of the judges, prosecutors and investigators with special knowledge. The amount of the monetary subsistence of the judges, prosecutors and investigators with special knowledge is not included in the base for calculation of insurance contributions for obligatory pension insurance.

Federal Constitutional Law No. 5-FKZ of September 27, 2002 on Amending the Federal Constitutional Law on the Referendum of the Russian Federation

Amendments are introduced in Article 8 of the law as envisaging the establishment of a ban on federal referendum initiation during federal election campaigns and also when a referendum coincides with the last year in office of the President of the Russian Federation, the State Duma of the Federal Assembly of the Russian Federation. This measure is aimed at preventing an overlap of a referendum and the pre-election agitation period of a federal governmental body election as it can lead to a significant distortion in Russian citizens' voting. Accordingly, amendments are made to Article 12 of the law ("Purpose of the Referendum of the Russian Federation") to establish a ban on holding a Russian Federation referendum during the said period of time.
The federal constitutional law enters into force as of the date of its official publication.

Federal Law No. 119-FZ of September 27, 2002 on Amending Article 11 of the Federal Law on the Basic Guarantees of Electoral rights and the Right to Participation in a Russian Federation Referendum

It has updated the procedure for entry into force of the regulatory legal acts of a Russian region or a municipal formation setting out a procedure for the preparation and conduct of an election, a referendum of a Russian region or a municipal formation which were adopted during an election campaign, the campaign relating to a Russian Federation referendum or a local referendum. The said regulatory legal acts and also amendments thereto are applicable to the elections, referendums of Russian regions or municipal formations announced after the entry into force of these regulatory legal acts and amendments.
The federal law enters into force upon the expiration of ten days after its official publication.

Decree of the President of the Russian Federation No. 1096 of September 29, 2002 on Drafting Citizens of the Russian Federation in the Months of October - December, 2002 for Undergoing Military Service and on Discharging from Military Service the Citizens Who Undergo Military Service under Draft

From October 1 through December 31, 2002 Russian citizens aged 18 to 27, all in all 174,215 persons, who are not reserve servicemen and who are subject to draft under the Federal law on the Duty to Undergo Military Service and on the Military Service are going to be drafted to undergo military service.

Decision of the Government of the Russian Federation No. 704 of September 25, 2002 on the Prolongation from January 1, 2002 to December 31, 2004 of the Effective Term of the Double Control System without Quantitative Limits on the Exportation from the Russian federation to the Member-States of the European Community of Some Steel Articles Subject to Agreements on the Formation of the European Community and the European Coal and Steel Union

Approval is given to the draft Agreement extending the effective term of the double control system without quantitative limits on the exportation from Russia to European Community member-states of some steel articles subject to the agreements on the formation of the European Community and the European Coal and Steel Union. The double control system was effective from November 5, 1997 to December 31, 2001.
From January 1, 2002 through December 31, 2004 the importation of the said goods to European Community member-states is going to be done under an observation document issued by authorised European Community bodies in the format attached thereto or under an export document issued by authorised bodies of the Russian Federation.

Order of the Ministry of Finance of the Russian Federation No. 95n of September 26, 2002 on Amending the Terms and Conditions for the Issuance of and Trading in Federal Fixed-Coupon Yield Federal Loan Bonds Endorsed by Order of the Ministry of Finance of the Russian Federation No. 65n of August 16, 2001 (registered by the Ministry of Justice of the Russian Federation, reg. No. 3024 of November 12, 2001)

Changes have occurred in the coupon interest disbursement term and in the procedure for coupon yield disbursement relating to federal loan bonds. It is established that interest on the first coupon is accrued from the calendar day following the bond floatation date through the date of termination of the first coupon term. Interest on the other coupons is accrued from the calendar day following the end date of the preceding coupon period through the date of end of the current coupon term (redemption date).
The disbursement of coupon yield is effected for the benefit of the bond holders who were depositors of a custodial account as of the time of end of a relevant coupon term.
Registered by the Ministry of Justice of the Russian Federation, reg. No. 3818 of September 26, 2002.

Order of the Federal Securities Market Commission No. 1124/r of September 18, 2002 on Endorsing the Methodological Recommendations for Keeping Internal Record of Deals, in Particular, Time Deals and Transactions in Securities, for the Professional Participants in the Securities Market Pursuing Brokerage, Dealership and Securities Management Activities

The Methodological Recommendations have been issued to further develop the Procedure for Keeping Internal Record of Deals, in Particular, Time Deals and Transactions in Securities, for the Professional Participants in the Securities Market Pursuing Brokerage, Dealership and Securities Management Activities approved by Joint Decision of the Federal Securities Market Commission and the Ministry of Finance of the Russian Federation No. 32 and No. 108n of December 11, 2001. The Methodological Recommendations highlighted issues relating to the designation of internal recording objects, the procedure for reflecting information on deals and transactions in securities, keeping internal record documents, choosing internal record account keeping methods etc.

Contact Us

Leave us a message