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 15.09.2004

Decree of the President of the Russian Federation No. 1168 of September 13, 2004 on the Ministry of Regional Development of the Russian Federation

Forms the Ministry of Regional Development of the Russian Federation to be supervised by the Government of the Russian Federation.

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

Decree of the President of the Russian Federation No. 1167 of September 13, 2004 on the Urgent Measures to Improve the Efficiency of Combating of Terrorism

The bodies of executive power are ordered to work out a new system of interaction of the forces and means of regulation of the situation on the territory of the North-Caucasian region, as well as create a system of prevention and elimination of crises on the territory of the Russian Federation. Adequate measures must be envisaged to prevent terrorism in any form (use or danger of use of explosive devices, radio active, chemical, biological, toxic, poisonous substances, capture of hostages and other forms), technological disasters, localisation of their consequences, as well as to early warn the population of the crises or danger of such situations. A complex of measures must be worked out to prevent terrorist occurrences on the objects of transport, power supplies and communication, in the foci of concentration of population, in educational and medical institutions.

Control must be enforced over the issue of visas by diplomatic representations and consular institutions of the Russian Federation abroad, as well as of regulation of the border crossing by the citizens of the countries where there are agreements on visa-free entry.

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

Decision of the Government of the Russian Federation No. 478 of September 14, 2004 on the Endorsement of the Rate of the Export Customs Duty for Raw Oil and Raw Oil Products from Bituminous Materials Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

Increases the rate of the export customs duty for raw oil and raw oil products from bituminous materials (Foreign-Trade Commodity Nomenclature code 2709 00) from USD 69.9 to USD 87.9 per ton.

The Decision is entered into force from October 1, 2004.

Decision of the Government of the Russian Federation No. 477 of September 10, 2004 on the Amendments to Some of the Acts of the Government of the Russian Federation on the State Technical Registration and Technical Inventory Taking of Objects of City-Planning Activities

Specifies that the Ministry of Economic Development of Russia shall work out the fundamentals of the federal policy and legal regulation of the state technical registration and technical inventory taking of objects of city-planning activities. The Ministry of Economic Development of Russia (earlier, the State Construction Committee of Russia) shall specify the form of the technical certificate for the objects of registration and the composition of information included into it. The state technical registration of objects of city-planning activities is vested in the Federal Agency of the Cadastre of Objects of Immovable Property and its territorial bodies.

Before November 1, 2004, technical inventory taking of the objects of city-planning activities is vested in the state and municipal unitary enterprises and/or state and municipal institutions, and after this date, in the organisations (bodies) accredited by the Federal Agency of the Cadastre of Objects of Immovable Property according to the procedure specified by the Ministry of Economic Development of Russia.

Order of the Ministry of Economic Development of the Russian Federation No. 217 of August 2, 2004 on the Procedure of Postponing by the Authorised Body in Cases of Bankruptcy and Bankruptcy Proceedings of Submission of Application to the Arbitration Court to Recognise the Debtor Bankrupt

At the decision of the mentioned authorised body, submission of the application to the arbitration court to recognise the debtor bankrupt may be postponed for up to two months. The Order lists the cases when such decision may be taken, in particular, if there are facts showing opportunities of restoring of the debtor solvency within two months.

A repeated taking of the decision is not permitted.

Registered in the Ministry of Justice of the Russian Federation on September 13, 2004. Reg. No. 6020.

Information Letter of the Central Bank of Russia No. 29 of August 31, 2004 "Issues of Application of the Instruction of the Bank of Russia No. 113-I of April 28, 2004 on the Procedure of Opening, Closing, Organisation of Work of Exchange Offices and Procedure of Carrying out by the Authorised Banks of Individual Types of Bank Operations and Other Transactions with Foreign Currencies in Cash and the Currency of the Russian Federation, Cheques (Including the Traveller's Cheques) in Foreign Currencies Involving Natural Persons (Hereinafter, Instruction No. 113-I)"

Defines the particulars of registration of information on the carried out operations with foreign currencies in cash and cheques on information boards of banks, their branches, internal structural divisions, as well as the particulars of building and keeping of the Register of Operations with Foreign Currencies in Cash and Cheques.

Explains that an authorised bank may teach independently cash workers the methods of determination of the signs of authenticity of the currency notes of foreign states (group of states) and cheques, as well as the solvency and authenticity of the notes and coins of the Bank of Russia and issue the document of passing of such training or arrange the training of cash workers in the specialised organisations (educational institutions).

Emphasises that re-registration of the exchange offices operating after June 18, 2004 on the basis of the certificates of registration issued by the territorial institution of the Bank of Russia according to the earlier available procedure is not necessary.

Provides criteria of exchange of the damaged monetary notes in foreign currencies.

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