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 13.03.2003

Federal Law No. 32-FZ of March 11, 2003 on the Amendments to the Federal Law on the Licensing of Individual Types of Activities

Envisages introduction of the new licensed type of activities, namely, activities of non-state pension funds in pension support and pension insurance. The licenses of non-state pension funds issued before January 1, 2003 are invalidated from July 1, 2009.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 31-FZ of March 11, 2003 on the Ratification of the Consular Treaty between the Russian Federation and the People's Republic of China

Ratifies the Consular Treaty singed in Moscow on April 25, 2002.

Federal Law No. 30-FZ of March 11, 2003 on the Amendments to the Criminal Code of the Russian Federation

Amends Articles 171 and 172 of the Criminal Code envisaging responsibility for entrepreneurial and banking activities violating the license terms (illegal entrepreneurial activities and illegal banking activities). Specifies that responsibility for the mentioned types of activities is assumed not only for the violation of the license terms but also for the violation of all license requirements and terms. The amount of liability does not change.
The Federal Law is entered into force from the day of its official publication.

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