Monitoring of the Federal Legislation dated 19.08.2005

Decision of the Government of the Russian Federation No. 517 of August 15, 2005 on the Procedure for Obtaining the Permission of the Commission for Export Control of the Russian Federation for Foreign-Trade Operations with Commodities, Information, Works, Services, Results of Intellectual Activities That May Be Used by a Foreign State or Foreign Person to Create Mass Destruction Weapons and Means of Their Delivery

Russian participants of foreign trade activities must obtain the permission of the Commission for Export Control for foreign trade operations with the mentioned scientific and technical products if they were informed by the Federal Service of Technical and Export Control of Russia, or if there are reasons to suggest that such products may be used for creation of mass destruction weapons and means of their delivery.

The Decision lists the documents to be sent by Russian participants of foreign trade activities to the Federal Service of Technical and Export Control of Russia to get the permission. The payment for the application and the permission is not collected.

The document does not apply to foreign trade operations with products of military destination, as well as commodities and technologies included in the lists of controlled commodities and technologies endorsed by the decrees of the President of the Russian Federation.

Direction of the Central Bank of Russia No. 1598-U of July 15, 2005 on the Adjustment of Individual Acts of the Bank of Russia

Pursuant to the adoption of the Instruction of the Bank of Russia No. 124-I of July 15, 2005 on the fixing of the amounts (limits) of open currency positions, method of their estimation and particulars of enforcement of their observation by credit organisations, invalidates 18 acts, abandons 6 acts and amends 5 acts of the Bank of Russia. In particular, invalidates the Instruction of the Bank of Russia No. 41 of May 22, 1996 on the fixing of the limits of the open currency position and control of their observation by authorised banks of the Russian Federation with amendments.

The Direction is entered into force 6 months after the day of its official publication in the Herald of the Bank of Russia.

Letter of the Federal Tax Service No. KB-6-26/616@ of July 22, 2005 on the Confirmation of Information of the Profits (Incomes) Received by Foreign Organisations in the Russian Federation and the Paid Tax

To present the documents for offsetting in the tax body of the foreign state, confirmation of the payment of the profit tax in the Russian Federation by the foreign organisation is provided by the tax body of the Russian Federation to the written request of the organisation. The confirmation is effected through certification with the signature of the head (deputy head) of the tax body and the seal with the official emblem put on the declaration or the tax estimate.