Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 29.10.2002

Federal Law No. 126-FZ of October 25, 2002 On the Introduction of Changes and Amendments into the Federal Law On the 2002 Federal Budget

The Government of the Russian Federation has the right to use the balance of the federal budget funds accrued as on January 1, 2002 in connection with the incomplete utilization by the Ministry of Agriculture of the Russian Federation of the scope of funding, in the amount of Rbl. 500,0 million to provide subventions to finance the activities involved in the purchasing interventions for food grain.
The federal law shall take effect as from its official publication.

Federal Law No. 125-FZ of October 25, 2002 On Housing Subsidies to Citizens Moving Away From Areas of the Far North and Localities Equated Thereto

The law specifies the conditions for granting and a procedure for fixing the amount of housing subsidies allocated from the federal budget funds to citizens of the Russian Federation moving away from areas of the Far North and localities equated thereto and also to citizens who have left the said areas and localities not earlier than January 1, 1992.
The housing subsidies shall be granted to citizens whose aggregate length of service in the said areas and localities is not less than 15 calendar years, who have no housing in other regions of the Russian Federation or who are in need of improving their housing conditions and who have not received subsidies for those purposes. The right to receive the subsidies shall also belong to first and second group invalids whose disability occurred as a result of injury at work and whose work record is less than 15 calendar years.
The amount of housing subsidies shall be fixed proceeding from the makeup of the family, social norm of the living floor space, average market cost per square meter of the aggregate floor space in the region of residence and a norm of granting housing subsidies depending on the length of service in areas of the Far North and localities equated thereto.
As from January 1, 2002 invalid is federal law No. 131-FZ of July 25, 1998 On Housing Subsidies to Citizens Moving Away From Areas of the Far North and Localities Equated Thereto.
The federal law shall take effect as from January 1, 2003.

Federal Law No. 124-FZ of October 25, 2002 On the Ratification of Protocol to the Agreement On the Amount of the Governmental Duty and Procedure for Its Collection When Considering Commercial Disputes Between Business Entities of Various States of December 24, 1993

It ratifies the Protocol signed in the city of Minsk in June 1, 2001.

Decision of the Government of the Russian Federation No. 772 of October 24, 2002 On Amending the Standard Rules of Entrusted Administration of the Interval Investment Fund Endorsed by Decision of The Government of the Russian Federation No. 684 of September 18, 2002

The Standard Rules are supplemented with the provision to the effect that the name of the company shall be indicated depending on the makeup of its assets.
Under amendments to be made, the remuneration shall be paid by using the assets of the fund not only to the auditor but also to the appraiser.
Amendments of a technical nature shall be made to the list of obligatory data to be included in the form of application for the purchase, repayment or exchange of the fund's investment shares.

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