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 30.05.2005

Decision of the Government of the Russian Federation No. 333 of May 26, 2005 on the Procedure for Granting the State Guarantee of the Russian Federation for Insurance Obligations Pertaining to Military Risks, Risks of Skyjacking and Other Similar Risks of Air Carrier Liabilities to Third Parties

Specifies the procedure of granting of the state guarantee of the Russian Federation for insurance obligations pertaining to military risks, skyjacking risks and other similar risks of air carrier liabilities to third parties as defined in extended coverage endorsement (aviation liabilities) AVN 52E 12.12.01 of the Lloyd's aviation insurer association.

The guarantee is provided on the contest basis. The annual open contest to choose the insurance company shall be arranged by the Ministry of Transport of the Russian Federation. The guarantee shall secure insurer liability to redeem the damage during its period of validity in the amount greater than USD 150 million, however, not greater than the amount envisaged for this purpose in the federal budget for the appropriate year.

Decision of the Government of the Russian Federation No. 330 of May 26, 2005 on the Endorsement of the Rates of the Import Customs Duties of Individual Types of Technological Equipment

Specifies the rates of the import customs duties for individual types of technological equipment - in the amount of 5% of the customs cost, and for other technological equipment - in the amount of 10% of the customs cost.

The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 328 of may 25, 2005 on the Endorsement of the Rules of Rendering of Services of Mobile Communication

The endorsed rules shall regulate relations between the user of the services of mobile communication and the communication operator rendering the services of mobile radio communication, services of mobile radio telephone communication and/or services of mobile satellite radio communication in a public-use communication network. The rules introduce the duty of the communication operator to provide for the confidentiality of the telephone traffic transmitted over mobile communication networks.

The list of the paid reference information services provided by the operator shall be defined by the operator independently. The services provided free of charge shall include connection to emergency operative services, as well as information on tariff rates, covered zone, balance of user personal account and the debts in payments for the services of mobile communication. Besides, the operator must provide for a free reception of information from the user on technical defects preventing the use of the services of mobile communication.

Significant terms of the concluded contract shall include the user number or unique identification code, rendered services of mobile communication, procedure, time limits and forms of payments, as well as the system of payment for the services of mobile communication.

If new tariff rates for the services of mobile communication are introduced, the operator must inform the users of it at least 10 days in advance through mass media. The metering unit for connection over the mobile communication network is specified by the operator, but may not be greater than one minute. The length of connection over the network of mobile communication used to determinate the payment is calculated from the first second of response of the user being called or equipment, the response signal being taken for the user response, to the moment of disconnection of the user calling or being called or such equipment. Connections shorter than 3 seconds shall not be taken into account in the volume of the rendered services of mobile communication. Tariff rates for the services of mobile communication, including the one for the incomplete metering unit, is specified by the operator independently.

Responsibility of the parties for the failure to execute or improper execution of the duties under the contract is envisaged.

The rules are entered into force from July 1, 2005.

Decision of the Government of the Russian Federation No. 326 of May 25, 2005 on the Procedure of Indexing of the Amounts of Some Monthly Monetary Compensations and Other Payments in the Period from June 19, 2002 to May 31, 2004 to Citizens Having Been Exposed to Radiation Because of the Disaster at the Chernobyl Nuclear Power Station, Members of Their Families and Return in 2005-2006 of Underpaid Amounts

Provides indexing factors for the monthly monetary compensations and monthly monetary amounts paid out in compliance with individual norms of the Law of the Russian Federation on the social protection of citizens having been exposed to radiation because of the disaster at the Chernobyl Nuclear Power Station in the period from June 19, 2002 to May 31, 2004.

Amounts to be returned to citizens as a result of indexing shall be calculated as a difference between the amount of indexed compensation (indexed amount) and the amount of the monthly monetary compensation (monthly monetary amount) assigned (paid out) for the appropriate period.

The paying out of underpaid amounts of the monthly monetary compensations and the monthly monetary amount shall be arranged: for the years 2002-2003 - until December 1, 2005; for the year 2004 - until December 1, 2006.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 289 of April 21, 2005 on the Endorsement of the Regulation on the Interagency Expert Council to Establish Causative Connection of Diseases, Disability and Death of Citizens Having Been Exposed to Radiation Factors

The Interagency Expert Council in charge of establishing causative connection of diseases, disability and death of citizens having been exposed to radiation factors is created by the Ministry of Public Health and Social Development on the basis of the specialised multipurpose medical institution. The main task of the Interagency Expert Council is establishing causative connection of diseases, disability and death of citizens with exposure to radiation factors.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6634.

Order of the Ministry of Agriculture of the Russian Federation No. 63 of April 20, 2005 on the Endorsement of the Directions of Use of Investment Credits and the List of the Documents Confirming the Use of Investment Credits for Designated Purposes

Lists the goals of use of credits and the documents confirming the use of such credits for designated purposes received by agricultural producers, organisations of the agroindustrial complex and peasant (farmers') enterprises in the Russian banks in 2002-2005 for up to 3 years where a partial compensation of the interest is envisaged from the federal budget.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6631.

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