Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 27.07.2005

Decision of the Government of the Russian Federation No. 466 of July 23, 2005 on Endorsing the Regulations on the Council for Investing Savings Intended for Provision of Military Servicemen with Living Quarters

The Council is established for the purpose of exercising public control over investing of savings intended for provision of military servicemen with living quarters. In the event of detecting the facts of violation of the laws in respect of such investing and disposal of savings for provision of military servicemen with living quarters, appropriate proposals shall be directed by the Council to the authorised federal executive bodies for deciding on calling the offenders to account.

The Council shall include an equal number of representatives of the federal executive bodies and self-regulated organisations of professional participants of the securities market (of other public organisations).

Decision of the Government of the Russian Federation No. 444 of July 23, 2005 on the Procedure for Reducing the Indebtedness of Executive Bodies of the Subjects of the Russian Federation by the Amount of Fines and Penalties Charged for Failure to Return in Due Time the Material Valuables Supplied from the State Material Reserve Prior to January 1, 2001

The amount of indebtedness of executive bodies of the subjects of the Russian Federation in respect of borrowed material valuables (the principal debt) and the amount of indebtedness for charged fines and penalties shall be established by the Federal Agency on State Reserves and the executive body of a subject of the Russian Federation on the basis of the certificate of estimation verification. Within 2005 the Federal Agency on State Reserves shall make with executive bodies of the subjects of the Russian Federation agreements on paying the principal debt and on reducing the indebtedness by the amount of fines and penalties charged. Charging of penalties shall be suspended as of the date of making such agreement.

The principal debt may be paid off by way of supplying other material valuables, included into the nomenclature of the state material reserve, having the equivalent value or by way of remittance to the revenues of the federal budget the assets whose rate shall be established on the basis of the value of borrowed material valuables subject to the market prices as of the date of paying off the debt.

The indebtedness shall be reduced by the amount of charged fines and penalties in proportion to actual paying of the principal debt and on condition of making timely payments to the revenues of the federal budget for borrowing material valuables.

Order of the Federal Registration Service of the Ministry of Justice of the Russian Federation No. 89 of July 7, 2005 on Measures Aimed at Enhancing the Level of Legal Support to the Activities of the Federal Registration Service

As of August 1, 2005, the state civil servants holding in the central staff and in the territorial agencies of the Federal Registration Service the offices of state registrars, whose basic official duties include making legal expert examinations of legal acts, preparation and editing of draft legal acts and signing thereof in the capacity of a jurist or executor and who have higher legal education shall be paid a monthly bonus in the amount up to 70 % of their official salaries.

The Order is registered by the Ministry of Justice of the Russian Federation on July 21, 2005 under Registration No. 6820.

Order of the Ministry of Defence of the Russian Federation No. 235 of June 16, 2005 on Measures Aimed at the Implementation of Decision of the Government of the Russian Federation No. 909 of December 31, 2004

A procedure is established for paying monetary compensation for tenancy (subtenancy) of living quarters in military units and organisations of the Armed Forces of the Russian Federation to the military servicemen of the Russian Federation carrying out military service on a contractual basis, as well as to the citizens transferred to the reserve and to their family members. A list of single forms of the documents required for deciding on payment of monetary compensation to the said citizens, that were registered as those in need of improving housing conditions before January 1, 2005, is given.

The Order is registered by the Ministry of Justice of the Russian Federation on July 21, 2005 under Registration No. 6819

Regulations of the Central Bank of Russia No. 271-P of June 9, 2005 on Considering the Documents Submitted to a Territorial Institution of the Bank of Russia for Deciding on the State Registration of Credit Organisations, the Issue of Licences for Making Bank Operations and Keeping Databases on Credit Organisations and Subdivisions Thereof

A procedure for registration by territorial institutions of the Bank of Russia of the information on issued state registration certificates of credit organisations and on licences for making bank operations, on permits to acquisition of over 20 % stocks (shares) of a credit organisation, on decisions rendered on the basis of the results of considering the issue of coordination of the candidacy for the office of the manager, as well as a procedure for keeping databases on credit organisations and subdivisions thereof, are established. In a territorial institution the running of the time period for consideration of submitted documents shall start on the following working day after the calendar date of their registration.

The Regulations shall enter into force upon the expiry of 10 days as of the date of official publication thereof in the 'Vestnik Banka Rossii'.

The Regulations are registered by the Ministry of Justice of the Russian Federation on July 21, 2005 under Registration No. 6814.

Order of the Ministry of Defence of the Russian Federation No. 243 of June 16, 2005 on Lump Sum Payments to the Staff Members of the Foreign Intelligence Body of the Ministry of Defence of the Russian Federation and to Their Family Members

The documents are enumerated that are required for deciding on making to the staff

members of the foreign intelligence body of the Ministry of Defence of Russia and to their family members lump sum payments in the event of infliction of harm on their health or in the event of their perish (death) in connection with the exercise of intelligence activity.

The Order is registered by the Ministry of Justice of the Russian Federation on July 21, 2005 under Registration No. 6811

Order of the Ministry of the Russian Federation for Civil Defence Issues, Emergency Situations and Liquidation of the Consequences of Natural Disasters of the Russian Federation No. 543 of July 18, 2005 on the Cash Allowance to the Federal Civil Servants Holding Public Offices of the Federal Civil Service at Territorial Agencies of the Ministry of the Russian Federation for Civil Defence Issues, Emergency Situations and Liquidation of the Consequences of Natural Disasters

The rates of official salaries paid to federal civil servants of territorial agencies of the Ministry of the Russian Federation for Civil Defence Issues, Emergency Situations and Liquidation of the Consequences of Natural Disasters are stated. The terms of paying a monthly increment for special conditions of the civil service, bonuses subject to the results of work and of rendering material support to the said employees are defined.

The Order is registered by the Ministry of Justice of the Russian Federation on July 20, 2005 under Registration No. 6810.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/11-6502 of July 20, 2005

Forms of medical temporary disability certificates of the old (blue colour) type shall be destroyed in the procedure which is similar to that for destroying spoiled forms in compliance with the Instructions on the Procedure for Providing Forms of Medical Temporary Disability Certificates, Their Registration and Storage endorsed by Order of the Ministry of Public Health and Social Development of Russia No. 18/29 of January 29, 2004.

A medical temporary disability certificate of the old (blue colour) type issued after July 31, 2005 shall be subject to replacement by way of completing the duplicate of the form of a medical temporary disability certificate of the new (green colour) type. The duplicate shall be issued by decision of the medical (clinicoexpert ) commission of a medical organisation in the presence of the reference that an allowance under a given medical temporary disability certificate is not paid. With this, in the upper right corner the word 'Duplicate' shall be put down, while in the section 'Release from Work' the total disability period shall be stated in a single line.

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