Monitoring of the Federal Legislation dated 9.08.2004

Decree of the President of the Russian Federation No. 1009 of August 4, 2004 on the Endorsement of the List of Strategic Enterprises and Strategic Joint-Stock Companies

Lists the federal state unitary enterprises making products (works, services) of strategic significance for the defence potential and security of the state, protection of moral, public health, rights and legal interests of the citizens of the Russian Federation.

Also endorses the list of open-type joint-stock companies with the federally owned stocks and participation of the Russian Federation in the management providing for the strategic interests, defence potential and security of the state, protection of moral, public health, rights and legal interests of the citizens of the Russian Federation.

Decision of the Government of the Russian Federation No. 401 of July 30, 2004 on the Federal Service of Ecological, Technological and Nuclear Supervision

The Federal Service of Ecological, Technological and Nuclear Supervision is a federal body of executive power in charge of the adoption of the normative legal acts, control and supervision in the sphere of protection of the environment where it pertains to the restriction of the negative technological impact (including the handling of production and consumption refuse), safety of works pertaining to the use of subsoil resources, protection of subsoil resources, industrial safety, safe use of nuclear power (except for the development, production, testing, operation and utilisation of nuclear weapons and nuclear power units of military destination), safety of electric and thermal power units and networks (other than household units and networks), safety of hydrotechnical structures at the industrial and power supply objects, safety of production, storage and use of explosives of industrial destination, as well as the special state security functions in the mentioned sphere.

The Federal Service shall provide for the normative legal regulation in issues of collection of payment for the negative impact on the environment.

The activities of the Federal Service shall be supervised by the Government of the Russian Federation.

Decision of the Government of the Russian Federation No. 393 of July 30, 2004 on the Procedure for Granting State Guarantees of the Russian Federation in 2004 to Render State Support for the Export of Industrial Products

State guarantees are granted to Russian exporters of industrial products to secure the payments in foreign currencies of a foreign importer, government of the country of the foreign importer or Russian creditor bank to secure the payments in foreign currencies to provide for the return of the credit by a non-resident borrower or government of the country of the non-resident borrower in the presence of the sovereign guarantees of the states where the importers or borrowers are being residents. The maximum amount for each guarantee makes USD 10 million.

Besides, the state guarantees are granted for the borrowings of the ZAO Roseximbank available for the crediting of the Russian exporters and banks, importers, non-resident banks and foreign states in cases of export of the Russian industrial products.

The guarantees are granted on the free basis without subsequent equivalent claims to the person with pertinent obligations and without checking the financial standing of their recipient.

Letter of the Central Bank of Russia No. 87-T of July 23, 2004 on the Actions of the Territorial Institutions of the Bank of Russia in Cases of Revealed Facts of Payment of the Registered Capital with Inappropriate Assets When Examining the Activities of Credit Organisations and Issuing Licenses for Bank Operations

The mentioned actions taken by the territorial institution of the Bank of Russia may not serve as grounds to refuse the registration of changes in the constituent documents pertaining to the increase in the registered capital and registration of the report of the results of issue of securities of the credit organisation, as well as may not serve as grounds to prolong the specified time limits for processing of the documents.