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 24.02.2004

Federal Law No. 3-FZ of February 19, 2004 on the Ratification of the Treaty on the Fundamentals of Relations between the Russian Federation and the Republic of Nicaragua

Ratifies the Treaty signed in New York on September 18, 2002. The contracting parties develop mutually beneficial trade and economic cooperation. The parties shall assist business contacts and links, assist direct links between enterprises, companies and other economic subjects and organisations of both countries, as well as provide, in framework of their national legislations, bilateral agreements and on the basis of the principle of reciprocity, for the maximum beneficial conditions of such entrepreneurial and other economic activities. The parties shall implement bilateral cooperation in the interests of a stable development and solution of socio-economic tasks of their states including attraction of investments, improvement of use of natural resources and economic potential.

Federal Law No. 2-FZ of February 19, 2004 on the Ratification of the Treaty on Friendly Relations and Cooperation between the Russian Federation and Romania

Ratifies the Treaty signed in Moscow on July 4, 2003. The Treaty envisages expansion of economic cooperation, creation of favourable conditions for development of up-to-date forms of trade exchange, economic and scientific and technical cooperation. The parties shall assist establishing direct links and cooperation between the subjects of entrepreneurial (economic) activities, as well as promote development of cooperation in the sphere of capital investments.

      Besides, the parties shall encourage expansion of contacts between the citizens of both states, including mutual trips of citizens for business, economic, cultural and scientific purposes, as well as for private matters.

Decision of the Government of the Russian Federation No. 96 of February 20, 2004 on the Summary Register of Organisations of the Defence Industry Complex

The Summary Register of Organisations of the Defence Industry Complex is a federal information system containing information on organisations included in the Register, on their property and financial standing and on the economic efficiency of activities. The Register includes organisations possessing as property, in economic management or operative control isolated property, including equipment and production space, as well as possessing qualified personnel for development, production, repair and utilisation of armaments, military and special equipment. Information contained in the Register is of restricted-access nature. Creation and keeping of the Register is vested in the Ministry of Industry and Science of Russia.

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