Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 9.02.2007

Decision of the Government of the Russian Federation No. 80 of February 7, 2007 on the Procedure of Submission by the Bodies and Agents of Currency Control to the Body of Currency Control Authorised by the Government of the Russian Federation of Documents and Information Necessary for Its Functions

According to the actual legislation in the sphere of currency regulation, the Federal Service of Financial and Budget Enforcement is empowered with the functions of the body of currency control. Other bodies and agents of currency control must submit to the Federal Service of Financial and Budget Enforcement the documents and information necessary for implementation of its functions. Other bodies and agents of currency control include the Central Bank of the Russian Federation, the Federal Tax Service of Russia, Federal Customs Service of Russia, authorised banks, professional participants of the securities market (including recorders subordinate to the Federal Service for Financial Markets of Russia).

Decision of the Government of the Russian Federation No. 54 of January 29, 2007 on the Federal Targeted Program "National Technologic Base" for the Years 2007-2011

To overcome Russia's technological lagging behind the leading world countries and improve the competitive potential of domestic science intensive industries, endorses the federal targeted program "National Technological Base" for the years 2007-2011.
      The goal of the program is providing for technological development of the domestic industry on the basis of creation and introduction of new break-through, resource-conserving, ecologically safe industrial technologies for production of competitive science-intensive products. The final product of the program is industrial technologies intended for application in commercial projects associated with production of a particular innovative product.
      The functions of the state ordering party coordinating the program are vested in the Ministry of the Industry and Power Supplies of Russia.

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