Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 27.06.2007

Federal Law No. 116-FZ of June 22, 2007 on the Amendments to the Code of Administrative Violations of the Russian Federation Pertaining to Pecuniary Sanctions for the Administrative Violation

The fines earlier calculated in the minimum amounts of labour remuneration are replaced with the monetary equivalents.

Decision of the Government of the Russian Federation No. 394 of June 22, 2007 on the Endorsement of the Regulation on the State Forestry Control and Enforcement

According to the new regulation, the state forestry control and enforcement is vested not only in the Federal Service of Enforcement in the Sphere of Use of Natural Resources, as was envisaged before, but also in the bodies of executive power of the subjects of the Russian Federation.

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