Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 18.05.2004

Decision of the Government of the Russian Federation No. 241 of May 15, 2004 on the Amendment to Item 1 of the Regulation on the Control over the Foreign-Trade Activities Pertaining to Dual-Purpose Commodities and Technologies That May Be Used in Creation of Armaments and Military Equipment Endorsed by the Decision of the Government of the Russian Federation No. 447 of June 7, 2001

The amendments to the mentioned Regulation are introduced pursuant to the publication of the Decree of the President of the Russian Federation No. 580 of May 5, 2004 on the endorsement of the list of dual-purpose commodities and technologies that may be used in creation of armaments and military equipment subject to export control.

Decision of the Government of the Russian Federation No. 240 of May 15, 2004 on the Amendments to the Decision of the Government of the Russian Federation No. 830 of November 30, 2001 and No. 602 of August 21, 2001

Refines individual subheadings of Heading 8459 of the Foreign-Trade Commodity Nomenclature (metal-cutting machine-tools). Introduces for 9 months the rates of import customs duties for commodities of Subheadings 8459 70 000 1, 8459 70 000 9 and 8461 90 000 0 (thread-cutting and other machine-tools).

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