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 2.04.2007

Decision of the Government of the Russian Federation No. 191 of March 29, 2007 on the Amendment to Item 1 of the Decision of the Government of the Russian Federation No. 554 of September 7, 2005

According to the Decision of the Government of the Russian Federation No. 554 of September 7, 2005 on the limiting levels of insurance tariff rates for the insurance of liabilities of the specialised depositary and management companies, their structure and rules of application by insurers in the determination of the amount of the insurance premium under the contract of insurance of liabilities, the amount of the insurance premium is determined proceeding from the insured amount, amount of insurance tariff rate and the insured period.

Decision of the Government of the Russian Federation No. 182 of March 27, 2007 on the Endorsement of the Index of Growth of the Average Monthly Earnings in the Russian Federation for the Year 2006 and the Index of Growth of Incomes of the Pension Fund of the Russian Federation Per Pensioner Earmarked to Pay out the Insured Part of the Labour Pensions for the Year 2006

According the Federal Law on labour pensions in the Russian Federation, an additional reason for the indexing of the insured part of the labour pension is an excess of the annual index of growth of the average monthly earnings in the country over the total coefficient of indexing of the insured part of the pension in the same year (the indexing applies from April 1 of the following year). The additional increase of the amount of the insured part of the labour pension (taking into account the earlier indexing of the mentioned part of the labour pension) may not be greater than the index of growth of incomes of the Pension Fund of Russia per pensioner allocated for the paying out of the insured part of the labour pension.

Decision of the Government of the Russian Federation No. 172 of March 21, 2007 on the Federal Targeted Program "Children of Russia" for the Years 2007-2010

To create conditions to improve the quality of life and health of children, endorses the federal targeted program "Children of Russia" for the years 2007-2010 including subprograms "Healthy Generation", "Gifted Children", "Children and the Family".

Order of the Government of the Russian Federation No. 376-r of March 29, 2007

Endorses a new list of vital and most important medicines. The previous list endorsed by the Order of the Government of the Russian Federation No. 2343 of December 29, 2005 is invalidated.

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