Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 11.10.2005

Decision of the Government of the Russian Federation No. 602 of October 1, 2005 on the Limiting Number and Labour Remuneration Fund of the Employees of Central Offices and Territorial Bodies of the Federal Bodies of Executive Power

From October 1, 2005, the limiting number of employees of the central offices of the Federal Agency for Education makes 345 (earlier, 320) persons, Ministry of Finance of Russia - 1,231 (earlier, 1,153), Ministry of Economic Development of Russia - 2,049 (earlier, 1,949), Federal Service for Tariff Rates - 374 (earlier, 271), Federal Service of Enforcement in the Sphere of Public Health and Social Development - 550 (earlier, 131), employees of the territorial bodies of the Federal Agency of Cadastre of Objects of Immovable Property - 9,162 (earlier, 7,162).

Decision of the Government of the Russian Federation No. 600 of October 6, 2005 on the State Control of the Condition, Use, Safeguarding, Protection of the Forestry Fund and Reproduction of Forests

Control over observation by all citizens and legal entities of the established procedure of use of the forestry fund, rules of sale of stumpage wood, main felling, intermediary felling and other feelings, safeguarding, protection of the forestry fund and reproduction of forests is vested in the Federal Service of Enforcement in the Sphere of Use of Natural Resources.

The state control shall be implemented in the form of checks. The procedure of drawing up of the results of checks, as well as the forms of orders to eliminate revealed violations and the acts of carried out checks, shall be specified by the Ministry of Natural Resources of Russia.

Order of the Ministry of Finance of the Russian Federation No. 113n of September 7, 2005 on the Criteria for Securities to Place and/or Invest Temporarily Available Monetary Resources of the Fund of Obligatory Insurance of Deposits

Temporarily available monetary resources of the Fund of Obligatory Insurance of Deposits may be placed and/or invested in securities while observing a number of conditions.

The mentioned securities must be included in at least one higher level quotation list or must be of issuers with the rating of international rating agencies Standard & Poor's, Moody's Investor Service and Fitch Ratings in appropriate types of obligations not lower than two levels of the sovereign rating of the Russian Federation, but not lower than BB-, Ba3 and BB- levels respectively.

The mentioned resources may also be invested in state securities of the subjects of the Russian Federation, municipal bonds and the bonds of Russian economic companies included in the higher level quotation lists on condition that their redemption time has not yet occurred.

Temporarily available monetary resources of the Fund of Obligatory Insurance of Deposits may not be placed in stocks (shares, contributions), bonds and promissory notes of credit organisations.

Registered in the Ministry of Justice of the Russian Federation on October 6, 2005. Reg. No. 7061.

Order of the Ministry of Regional Development of the Russian Federation No. 92 of September 12, 2005 on the Average Market Cost of 1 Square Meter of Total Dwelling Space for the IV Quarter of 2005

Provides the average market cost of 1 square meter of total dwelling space (in roubles) applied in the estimates of the amounts of gratuitous subsidies allocated in the IV quarter of 2005 for all categories of citizens entitled for the mentioned subsidies at the expense of resources of the federal budget for the purchase of dwelling space.

Registered in the Ministry of Justice of the Russian Federation on October 6, 2005. Reg. No. 7059.

Order of the Ministry of Agriculture of the Russian Federation No. 166 of September 12, 2005 on the Level of Prices for Grain in 2005 for the Cases of State Purchase Interventions

Specifies the level of prices permitting to carry out state purchase interventions in 2005 for the grain of the harvest of 2005: below Rbl 2,450 per ton for class 4 soft milling wheat, below Rbl 2,500 per ton for group A milling rye.

Registered in the Ministry of Justice of the Russian Federation on October 6, 2005. Reg. No. 7058.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 578 of September 13, 2005 on the Endorsement of the List of Medicines Sold without Doctor's Prescription

Endorses the new list of medicines sold without doctor's prescription. The Order of the Ministry of Public Health and Social Development of the Russian Federation No. 287 of July 19, 1999 having specified earlier the list of such medicines is invalidated.

Registered in the Ministry of Justice of the Russian Federation on September 29, 2005. Reg. No. 7053.

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