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 15.07.2004

Federal Law No. 63-FZ of July 13, 2004 on the Dissolution of the Aleutka Regional Court of the Kamchatka Province

Dissolves the Aleutka Regional Court of the Kamchatka Province while handing over its jurisdiction to the Yelizovo Regional Court of the Kamchatka Province.

Decree of the President of the Russian Federation No. 865 of July 11, 2004 "Issues of the Ministry of Foreign Affairs of the Russian Federation"

The Ministry of Foreign Affairs of the Russian Federation is a federal body of executive power in charge of the working out and implementation of the state policy and normative-and-legal regulation in the sphere of international relations of the Russian Federation. Activities of the Ministry of Foreign Affairs are supervised by the President of the Russian Federation.

The Decree is entered into force from the day of its signing.

Decision of the Government of the Russian Federation No. 350 of July 13, 2004 on the Endorsement of the Rules of Allocation and Use of the Numeration Resources of the Uniform Telecommunication Network of the Russian Federation

Defines the procedure of allocation and use of the numeration resources of the uniform telecommunication network of the Russian Federation, including the Russian segments of the international communication networks, taking into account recommendations of international organisations where the Russian Federation is a participant according to the Russian system of numeration and the numeration scheme of the communication networks of the uniform telecommunication network of the Russian Federation.

Numeration resources of the uniform telecommunication network of the Russian Federation form part of the numeration resource of the international communication network and consist of numeration resources of the telephone network, telegraph network, data transfer networks, telematic services, identification codes of the Internet network, as well as the service identification codes of communication networks, their elements and terminal equipment.

Allocation of a numeration resource for the telecommunication networks is vested in the Federal Agency of Communication against an application of the communication operator possessing a licence for the work in the sphere of communication services. An allocated numeration resource must be used fully or partly within 2 years from the day of allocation. An allocated numeration resources is considered to be used completely if it was used for at least 90%.

Direction of the Central Bank of Russia, Ministry of Finance of the Russian Federation and State Customs Committee of the Russian Federation Nos. 1463-U, 56n, 01-10/13 of June 29, 2004 on the Invalidation of Individual Normative Legal Acts

Invalidates the documents amending the Regulation of the Bank of Russia, Ministry of Finance of Russia and the State Customs Committee of Russia Nos. 02-29/36, 11-05-02 and 01-20/10075 of October 6, 1993 on the procedure of export and transfer from the Russian Federation and import and transfer to the Russian Federation of the currency of the Russian Federation.

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

Registered in the Ministry of Justice of the Russian Federation on July 13, 2004. Reg. No. 5906.

Direction of the Central Bank of Russia and the State Customs Committee of the Russian Federation No. 1461-U, 01-10/11 of June 29, 2004 on the Invalidation of Individual Normative Legal Acts

Pursuant to the entry into force of the Federal Law on currency regulation and currency control invalidates:

- Instruction of the Bank of Russia and the State Customs Committee of Russia No. 86-I and No. 01-23/26541 of October 13, 1999 on the procedure of currency control over the receipts from export of commodities received in the Russian Federation with amendments;

- Instruction of the Bank of Russia and the State Customs Committee of Russia No. 91-I and No. 01-11/28644 of October 4, 2000 on the procedure of currency control over the reasonableness of payment for the imported commodities by residents with amendments;

- Regulation of the Bank of Russia and the State Customs Committee of Russia No. 105-P and No. 01-100/1 of January 12, 2000 on the procedure of export of foreign currencies in cash from the Russian Federation by natural persons;

- Regulation of the Bank of Russia and the State Customs Committee of Russia No. 148-P and No. 01-11/22 of August 16, 2001 on the bank and customs currency control over the export of refined gold and silver by credit organisations.

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

Registered in the Ministry of Justice of the Russian Federation on July 13, 2004. Reg. No. 5905.

Direction of the Central Bank of Russia No. 1468-U of June 30, 2004 on the Invalidation of the Regulation of the Bank of Russia No. 170-P of December 19, 2001 on the particulars of Application of the Transaction Certificates in View of the Termination on January 1, 2002 of the Transient Period When the Member-States of the Economic and Monetary Union Used Both the Euro and the National Currencies of the Given Countries in Cashless Payments

The mentioned Regulation shall loose its force pursuant to the entry into force from June 18, 2004 of the new Federal Law on currency regulation and currency control.

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 July 13, 2004. Reg. No. 5903.

Direction of the Central Bank of Russia No. 1458-U of June 25, 2004 on the Amendments to the Regulation of the Bank of Russia No. 201-P of October 16, 2002 on the Procedure of Opening and Keeping by Resident Legal Entities of Accounts in Foreign Currencies outside the Russian Federation to Serve the Work of Their Representations

The amendments are of technical nature stipulated by the adoption of the new Law on currency regulation and currency control.

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 July 13, 2004. Reg. No. 5901.

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