Monitoring of the Federal Legislation dated 29.01.2007

Federal Law No. 5-FZ of January 26, 2007 on the Amendments to Article 1062 of Part 2 of the Civil Code of the Russian Federation

Creates legal conditions for transactions envisaging the duty of the side (sides) to pay depending on the change of prices for commodities and securities, currency rates, interest (values calculated proceeding from the multitude of the mentioned figures) or on the circumstances whether or not they occur.

Decision of the Government of the Russian Federation No. 44 of January 24, 2007 on the Seasonal Duties for Individual Types of Vegetables Imported to the Territory of the Russian Federation

The rates of the seasonal duties for cabbage, carrots, beet (codes according to the Foreign Trade Commodity Nomenclature of Russia 0704 90 100 1, 0706 10 000 1, 0706 90 900 1) imported to the territory of the Russian Federation are reduced from 15% to 5% of their custom cost until May 31, 2007.

The Decision is entered into force one months after the day of its official publication.

Decision of the Government of the Russian Federation No. 42 of January 23, 2007 on the Amendments to Some of the Decisions of the Government of the Russian Federation

Introduces appropriate amendments to the procedure of issue of permissions for temporary stay and residence permits to foreign citizens pursuant to the separation of the Federal Migration Service from the bodies of internal affairs. The mentioned documents will be issued by the Federal Migration Service of Russia instead of the Ministry of Internal Affairs of Russia.

Decision of the Government of the Russian Federation No. 41 of January 23, 2007 on the Interim Rates of Import Customs Duties for Individual Types of Nuts and Seeds

Endorses for 9 months the zero rates of import customs duties for individual types of nuts and seeds. The Decision is entered into force one month after the day of its official publication.

Information of the Department of External and Public Relations of the Central Bank of Russia of January 26, 2007

From January 29, 2007, the rate of refinancing of the Bank of Russia is fixed in the amount of 10.5% annual.