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 17.08.2005

Decision of the Government of the Russian Federation No. 511 of August 12, 2005 on the Amendments to the Decision of the Government of the Russian Federation No. 192 of February 17, 1999

Amends the document specifying a uniform methodology approach to determination of the consumer basket for the main socio-demographic groups of population for the whole of the Russian Federation and by subjects.

The minimum amount of services includes cultural services taking into account the normative number of visits to theatrical events, cinema theatres, museums and exhibitions.

Specifies a new distribution of the subjects of the Russian Federation by zones arranged depending on the factors affecting the particulars of foodstuff consumption. Nine zones are introduced instead of sixteen.

A new wording is provided for Appendix 1 defining the chemical composition and energy value of the minimum set of nutrients for the main socio-demographic groups of population for the whole of the Russian Federation. Thus, the daily consumption for an able-bodies male must include 86.9 g of proteins, 83.5 g of fats, 405 g of carbohydrates with the total energy value of 2,730 kcal (earlier, 88 g of proteins, 69 g of fats, 437 g of carbohydrates with the total energy value of 2,730 kcal, respectively). For able-bodies females, respectively: 67.6 g of proteins, 65.2 g of fats, 307 g of carbohydrates with the total energy value of 2,100 kcal (earlier, 68 g of proteins, 58 g of fats, 326 g of carbohydrates with the total energy value of 2,100 kcal).

Also a new wording is provided for Appendix 2 defining the minimum set of nutrients for the main socio-demographic groups of population for the whole of the Russian Federation. The minimum set for the able-bodied population has reduced amounts of breads, potato, but increased amounts of vegetables and melons, fruits, sugar and confectioneries, meats, fishes, milk and dairy products, eggs and butter.

Also amends the appendix specifying average volumes of consumption of foodstuffs, non-food products and services per year for the various socio-demographic groups.

Decision of the Government of the Russian Federation No. 510 of August 12, 2005 on the Official Periodical to Provide for the Publication of Information Envisaged in the Federal Law on Insolvency (Bankruptcy)

The official publisher of information envisaged in the Federal Law on insolvency (bankruptcy) shall be determined as a result of the contest among editorial boards of mass media. The contest will be arranged by the Federal Registration Service, with the rules of organisation and carrying of the contest and a sample contract for the procedure and terms of publication of the official information to be endorsed by the Ministry of Economic Development of Russia. Before determination of the official periodical, publication of such information shall be vested in Rossiyskaya Gazeta. The Decision provides the requirements to the official periodical. In particular, the circulation of such publication must be at least 30,000, with the price of the publication being not greater than Rbl 150 per sq. cm including VAT.

Decision of the Government of the Russian Federation No. 509 of August 12, 2005 on the Procedure to Pay out Labour Remuneration to Independent Experts Included in Certification and Contest Commissions, As Well As Commissions for the Requirements to the Service Conduct of Federal State Civil Servants and for the Settling of Conflicts of Interests to Be Formed by the Federal State Bodies

By-the-hour rate of labour remuneration for independent experts included in the mentioned commissions is fixed in the amount of Rbl 80. The payment of the labour remuneration to independent experts is effected on the basis of the contract concluded between the federal state body the independent expert.

Order of the Federal Service for Financial Monitoring No. 108 of July 14, 2005 on the Officials of the Federal Service for Financial Monitoring Authorised to Draw up the Protocols of Administrative Violations

The right to draw up the protocols of administrative violations envisaged in individual articles of the Code of Administrative Violations of the Russian Federation is vested in the following officials of the Federal Service for Financial Monitoring: the head, chief of the Department of Enforcement Activities, chiefs of sections of the Department of Enforcement Activities, heads of the interregional departments, chiefs of sections of interregional departments, deputies of the mentioned persons, as well as other officials of the Department of Enforcement Activities of the Federal Service for Financial Monitoring and its interregional departments.

Registered in the Ministry of Justice of the Russian Federation on August 15, 2005. Reg. No. 6907.

Order of the Ministry of Justice of the Russian Federation No. 121 of August 1, 2005 on the Amendments to the Order of the Ministry of Justice of the Russian Federation No. 150 of October 26, 1998

Specifies that the issue of licenses for the right of the notary activities is vested in the territorial bodies of the Federal Registration Service. Appropriate changes are introduced in the procedure of issue of the mentioned licenses, procedure of arranging the contest for the vacant notary position, procedure of taking examinations for the persons requesting the license for the notary activities and the probation procedure for the persons requesting the notary position.

Registered in the Ministry of Justice of the Russian Federation on August 15, 2005. Reg. No. 6905.

Order of the Ministry of Justice of the Russian Federation No. 123 of August 1, 2005 on the Amendments to the Order of the Ministry of Justice of the Russian Federation No. 306 of December 2, 2003

Changes the procedure of keeping of the register of state notary offices and private notary offices. The changes are introduced since the Federal Registration Service is empowered with individual authority in the sphere of notary activities that were earlier vested in the territorial bodies of the Ministry of Justice of Russia.

Registered in the Ministry of Justice of the Russian Federation on August 15, 2005. Reg. No. 6901.

Order of the Federal Medicine and Biology Agency No. 247 of June 6, 2005 on the Endorsement of the List of Officials of the Federal Medicine and Biology Agency Authorised to Draw up the Protocols of Administrative Violations

Lists officials of the Federal Medicine and Biology Agency of Russia authorised to draw up the protocols of administrative violations envisaged in individual articles of the Code of Administrative Violations of the Russian Federation.

Registered in the Ministry of Justice of the Russian Federation on August 15, 2005. Reg. No. 6899.

Direction of the Central Bank of Russia No. 1601-U of August 5, 2005 on the Terms of Granting Credits by the Bank of Russia to Credit Organisations Secured with the Pledging of the Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

The mentioned credits of the Bank of Russia are granted for up to 180 days, with the interest rates differentiated depending on the credit duration: 0.6 of the rate of refinancing of the Bank of Russia for the credits of the Bank of Russia for up to 90 calendar days and 0.75 of the rate of refinancing of the Bank of Russia - for 91-180 calendar days. Adjustment coefficients applied to correct the cost of the promissory notes and claims rights under credit contracts accepted for pledging for the credits of the Bank of Russia are fixed in the amount of: 0.5 for the property qualified as category I and 0.3 for the property qualified as category II. Foreign currencies used to issue the promissory note accepted as a security for the credit of the Bank of Russia or express the main debt under the credit where the claims rights are accepted as a security for the credit of the Bank of Russia include US dollar, euro and the British pound.

The Direction shall enter into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Order of the Central Bank of Russia No. OD-467 of August 5, 2005 on the Adjustment Coefficients of the Bank of Russia

Increases adjustment coefficients used by the Bank of Russia to correct the market value of securities included in the Lombard List of the Bank of Russia when they are accepted as a security for the credits of the Bank of Russia: for the bonds of the federal loan, bonds of the bond loans of the city of Moscow, bonds of the Mortgage Crediting Agency. Specifies adjustment coefficients for the state bonds of the Republic of Bashkortostan, Samara Province, Khanty-Mansiysk Autonomous District, as well as the bonds of the OAO Russian Railways, OAO Gazprom, OAO Lukoil, OAO TNK and the Foreign-Trade Bank newly included in the Lombard List of the Bank of Russia.

Letter of the Central Bank of Russia No. 107-T of August 5, 2005 on the List of Organisations

Lists organisations issuing promissory notes (borrowers) whose promissory notes (claims rights under credit contracts) may be used as a security for the credits of the Bank of Russia, as well as organisations securing promissory notes (guarantors of claims rights under credit contracts) accepted as a security for the credits of the Bank of Russia. The list includes: OAO Russian Railways, OAO Gazprom, OAO TNK, OAO Lukoil, OAO Transneft, OAO Norilsk Nickel and OAO Novolipetsky Metallurgy Integrated Works.

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