Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 9.09.2002

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.

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