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 26.10.2004

Federal Law No. 125-FZ of October 22, 2004 on the Archive Activities in the Russian Federation

Regulates relations in the sphere of organisation of storage, compiling, registration and use of the documents of the Archive Fund of the Russian Federation and other archive documents regardless of their forms of ownership, as well as relations in the sphere of management of archive activities in the Russian Federation in the interests of citizens, society and the state.

Significantly expands the set of notions, envisages delimitation of authority of the Russian Federation, its subjects, municipal formations in the archive sphere, defines the sources of compiling of the state and municipal archives, reflects the particulars of the civil circulation of the documents of the Archive Fund of the Russian Federation available in private property, defines the duties of the bodies of state power, bodies of local government, legal entities in the compilation of the state and municipal archives and other provisions.

Exclusive sphere of reference of the Russian Federation includes, in particular, the working out and carrying out of the state policy in the archive sphere, introduction of the uniform rules of organisation of storage, compiling, registration and use of the documents of the Archive Fund of the Russian Federation and control over their execution.

The Federal Law is entered into force from the day of its official publication except for the provisions where other time limits and procedure of entry into force are envisaged.

Decision of the Government of the Russian Federation No. 574 of October 23, 2004 on the Prolongation of the Period of Validity of the Decision of the Government of the Russian Federation No. 781 of December 24, 2003

The period of validity of the Decision of the Government of the Russian Federation No. 781 of December 24, 2003 on the non-application of rate of the import customs duty for electric power is extended for 9 months.

The Decision is entered into force from October 27, 2004.

Order of the Government of the Russian Federation No. 1344-r of October 21, 2004

Endorses the new list of the vital and most important medicines.

Order of the Government of the Russian Federation No. 1343-r of October 21, 2004

Endorses the guaranteed federal list of rehabilitation measures, technical means of rehabilitation and services provided to the invalid free of charge at the expense of the resources of the federal budget.

The Order is entered into force from January 1, 2005.

Order of the Ministry of Finance of the Russian Federation No. 89n of October 5, 2004 on the Endorsement of the Regulation on the Organisation of Work to Conclude with the Holders of the Short-Term State Bonds and the Bonds of the Federal Loans with the Period of Redemption until December 31, 1999 Having Failed to Novate These Bonds the Contracts of Settlement and Redemption of the Mentioned Bonds

The settlement contracts with the holders as of August 17, 1998 of the state short-term couponless bonds and the bonds of the federal loans with a permanent and variable coupon income and redemption period until December 31, 1999 having failed to novate these bonds are concluded by the Ministry of Finance of Russia until December 22, 2004 inclusive.

Registered in the Ministry of Justice of the Russian Federation on October 21, 2004. Reg. No. 6078.

Order of the Ministry of Finance of the Russian Federation No. 86n of September 21, 2004 on the Endorsement of the Terms of Issue and Circulation of the Bonds of the State Non-Marketable Loans

Defines the procedure of placing, servicing and redemption of the bonds of the state non-marketable loans in compliance with the general terms of issue and circulation of the bonds of the state non-marketable loans. The bonds are personal state securities and provide to their holders the right of getting at their redemption of the nominal cost of the bonds, as well as the income in the form of accrued interest. The interest rate of the coupon income may be fixed, variable or permanent.

The bonds are issued in the documentary form. The issue of the bonds is drawn up as a global certificate. The income for the bonds is paid out at least once a year.

Registered in the Ministry of Justice of the Russian Federation on October 21, 2004. Reg. No. 6077.

Letter of the Ministry of the Industry and Power Supplies of the Russian Federation No. IM-1312 of October 22, 2004 on the Prices for the Design and Survey Works in Construction and for the IV Quarter of 2004

In the IV quarter of 2004, the average level of basic prices for design works in construction is fixed in the amount of: 1.68 to the level of prices as of January 1, 2001, 12.97 to the level of prices as of January 1, 1995

The inflation index of survey works is fixed in the amount of: 1.71 to the level of prices as of January 1, 2001, 19.46 to the basic prices as of January 1, 1991.

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