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 14.12.2005

Decision of the Government of the Russian Federation No. 743 of December 8, 2005 on the Measures to Promote Adoption of Decisions by the Government of the Russian Federation Envisaged in the Decision of the Supreme Soviet of the Russian Federation No. 2355-1 of February 14, 1992

Forms an interagency commission on the use of the names of "Russia", "Russian Federation" and the words and word combinations on their basis in the names of organisations. Organisations and citizens founding the organisations shall send applications to obtain consent of the Government of the Russian Federation for the use of the mentioned names to the Ministry of Justice of Russia for subsequent examination by the commission. The commission shall examine the applications together with attached documents within 30 days from the day of receiving them. In case of a positive decision, the Ministry of Justice of Russia shall submit to the Government of the Russian Federation a draft order of the Government of the Russian Federation to agree to the use of the appropriate name in the name of the organisation.

Decision of the Government of the Russian Federation No. 731 of December 5, 2005 on the Regulation of Import of Fresh and Chilled Beef in 2006

In 2006, fresh and chilled beef will be imported using the rate of 15% of the customs cost, however, not less than EUR 0.2 per kg within the quota equal to 27.8 thousand tons in the presence of the license issued by the Ministry of Economic Development of Russia. The greater part of the quota (27.3 thousand tons) falls on the member-countries of the European Union. Beef imported in excess of the specified quota shall be subject to the rate of 40% of the customs cost, however, not less than EUR 0.4 per kg.

The Decision is entered into force form January 1, 2006.

Order of the Ministry of Information Technologies and Communication of the Russian Federation No. 137 of December 6, 2005 on the Endorsement of the Requirements to the Building, Management, Numbering, Organisational and Technical Support of a Stable Functioning, Terms of Interaction, Operation of a Communication Network When Rendering Multiple Communication Services

A communication network shall include coin-box telephones, equipment to register the volume of rendered communication services, communication network and line control system, coin-box telephones providing connection to communication centres of local telephone communication networks. Particulars of their operation and functioning are defined.

Thus, a coin-box telephone must provide to the user not only a telephone connection for voice information transfer, but also an access to the system of information and reference services, as well as opportunities of free round-the-clock calling emergency operative services.

The coin-box telephone must provide for confidentiality and integrity of transmitted and stored information.

Registered in the Ministry of Justice of the Russian Federation on December 13, 2005. Reg. No. 7268.

Instruction of the Central Bank of Russia No. 126-I of November 11, 2005 on the Procedure of Regulation of Relations Pertaining to Measures of Prevention of Insolvency (Bankruptcy) of Credit Organisations

Defines a procedure of regulation of relations pertaining to measures of prevention of insolvency (bankruptcy) of credit organisations. Specifies the rules of interaction of the credit organisation with the Bank of Russia in cases of implementation independently of measures to prevent bankruptcy, requirements to the content of the plan of measures and procedure of it submission by the credit organisation.

Defines the grounds and procedure for sending the demand of the Bank of Russia to the credit organisation to implement the measures of financial rehabilitation and the demand for reorganisation.

From the day of presenting the demand to implement the measures of financial rehabilitation to the day of presenting the demand of the Bank of Russia to implement the plan of measures, the credit organisation must submit reports on the weekly basis drawn up to Forms 0409101 "Sheet of Turnovers on Accounts" and 0409350 "Report of Unsatisfied Claims of Individual Creditors Available with the Credit Organisation in Monetary Obligations and Failure to Execute the Duty to Transfer Obligatory Payments because of the Absence or Insufficiency of Monetary Resources on Correspondent Accounts of the Credit Organisation".

For the purpose of monitoring of the financial standing of the credit organisation, the territorial institution of the Bank of Russia may also demand to present reports drawn up to Forms 0409118 "Information on Major Credits", 0409134 "Estimate of Own Resources (Capital)", 0409135 "Information on Obligatory Normatives".

The Instruction is entered into force 10 days after the day of its publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on December 13, 2005. Reg. No. 7266.

Order of the Federal Service for Financial Markets No. 05-59/pz-n of November 1, 2005 on the Endorsement of the Regulation on the Procedure of Determination of the Amount of Mortgage Coverage

Specifies the procedure of determination of the amount of mortgage coverage used as a pledge for the execution of obligations under mortgage-coverage bonds, as well as the mortgage coverage with the share of the right in the shared property certified with mortgage certificates of participation. Defines the procedure and particulars of calculation of each of the terms, the summing of which forms the amount of mortgage coverage.

Also specifies the requirements to the form of the certificate of the amount of mortgage coverage showing the results of determination of the amount of the mortgage coverage, in particular: results of determination of the amount of the mortgage coverage of the bonds as of the last working day of each month, results of determination of the amount of the mortgage coverage of the mortgage certificates of participation as of the last working day of each month and other.

Registered in the Ministry of Justice of the Russian Federation on December 13, 2005. Reg. No. 7265.

Order of the Ministry of Economic Development of the Russian Federation No. 260 of October 14, 2005 on the Endorsement of the Regulation on the Procedure of Conclusion of the Contract for the Service in the Customs Bodies of the Russian Federation and the Typical Form of the Contract for the Service in the Customs Bodies of the Russian Federation

Defines the procedure and terms of conclusion of the contract for the service in the customs bodies of the Russian Federation and organisations supervised by the Federal Customs Service of Russia, the rights and duties of citizens of the Russian Federation and officials of the customs bodies when concluding the contract for the service in the customs bodies.

The contract is concluded in writing and may not restrict the rights and social guarantees of citizens or impair in any other way their standing as employees except for the cases specified in the federal laws.

The earlier concluded contracts shall preserve their force until expiry or an early discontinuation.

Registered in the Ministry of Justice of the Russian Federation on December 12, 2005. Reg. No. 7256.

Order of the Federal Guard Service of the Russian Federation No. 450 of November 23, 2005 on the Endorsement of the Instruction on the Building and Keeping of the Register of Participants of the Accumulated Mortgage System of Housing Support for Servicemen of the Federal Bodies of the State Guard Service

Defines the procedure of forming and keeping of the register of participants of the accumulated mortgage system of housing support for servicemen of the federal bodies of the state guard service. Specifies the procedure of entering records in the register, changing the register and removal of information from the register. Serviceman appeal to include him in the register (in writing) is drawn up as a report according to attached form.

Registered in the Ministry of Justice of the Russian Federation on December 9, 2005. Reg. No. 7250.

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