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 21.05.2004

Decree of the President of the Russian Federation No. 649 of May 20, 2004 "Issues of the Structure of the Federal Bodies of Executive Power"

Endorses the new structure of the federal bodies of executive power.

Creates a number of new bodies of executive power (Federal Service of Hydrometeorology and Environmental Monitoring, Federal Service of Enforcement of Observation of Legislation in the Sphere of Mass Communication and Protection of Cultural Heritage, Federal Agency of Geodesy and Cartography, Federal Agency of Information Technologies), transforms already existing ones (in particular, the Ministry of Transport and Communication of the Russian Federation is separated into the Ministry of Transport and the Ministry of Information Technologies and Communication), as well as solves the issues of their sphere of reference, subordination and agency affiliation. Besides, introduces a number of significant changes in the Decree of the President of the Russian Federation No. 314 of March 9, 2004 on the system and structure of the federal bodies of executive power. Abandons the prohibition for the implementation of judicial functions by the federal ministries (i.e. the keeping of registers and cadastres), federal servi ces and agencies are permitted to adopt normative legal acts, refines the notion of activities in the rendering of state services. Increases the time limits for the working out and endorsement of the regulations on the newly created federal bodies of executive power.

Decision of the Government of the Russian Federation No. 245 of May 19, 2004 on the Amendments to the Decision of the Government of the Russian Federation No. 510 of April 30, 1997

Decision of the Government of the Russian Federation No. 510 of April 30, 1997 is being brought in compliance with the Decision of the Supreme Court of the Russian Federation No. GKPI 2002-1360 of December 9, 2002. The procedure of paying out of compensations for the lost housing and/or property to citizens having become the victims of the crisis in the Chechen Republic and having left it beyond retrieve now does not contain now the provision restricting the right for the compensation to the citizens having left the Chechen Republic beyond retrieve after November 23, 1996.

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