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 15.06.2004

Decision of the Government of the Russian Federation No. 274 of June 11, 2004 "Issues of the Ministry of Transport of the Russian Federation"

The Ministry of Transport of the Russian Federation is a federal body of executive power in charge of the working out of the state policy and normative and legal regulation in the sphere of air (civil aviation), sea, internal water, railway, highway and city electric (including the underground), industrial transport, highway maintenance, geodesy and cartography, as well as the names of geographic objects.

The Ministry shall coordinate and control the activities of supervised by it Federal Service of Enforcement in the Sphere of Transport, Federal Agency of the Air Transport, Federal Highway Agency, Federal Agency of the Railway Transport, Federal Agency of the Sea and River Transport and the Federal Agency of Geodesy and Cartography.

Direction of the Central Bank of Russia No. 1430-U of May 25, 2004 on the Amount of Payment for the Right of Use of Intraday Credits

To implement the mechanism of granting of intraday credits in compliance with the Regulation of the Bank of Russia No. 236-P of August 4, 2003 on the procedure of granting of credits backed with securities pledge (blocking) by the Bank of Russia to credit organisations, the payment for the right of use of the intraday credits is fixed in the zero amount.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on June 11, 2004. Reg. No. 5843.

Direction of the Central Bank of Russia No. 1444-U of June 11, 2004

From June 15, 2004 the interest rate for the overnight settlement credit of the Bank of Russia is fixed in the amount of 13% annual. Earlier (from January 15, 2004), the mentioned interest rate amounted to 14% annual.

Direction of the Central Bank of Russia No. 1443-U of June 11, 2004

From June 15, 2004 the rate of refinancing of the Bank of Russia is fixed in the amount of 13% annual. Earlier (from January 15, 2004), the rate of refinancing was fixed in the amount of 14% annual.

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