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 5.07.2007

Decision of the Government of the Russian Federation No. 418 of June 30, 2007 on the Endorsement of the Regulation on the Particulars of Placing of Orders for the Works of Protection, Reproduction of Forests and of Conclusion of Contracts

In pursuance of the Forestry Code of the Russian Federation, if the measures of protection and reproduction of forests located on the lands available in the state or municipal property are not vested in the parties using the forests, the bodies of state power, bodies of local government shall place the orders for the works of protection and reproduction of forests through tenders.

Decision of the Government of the Russian Federation No. 396 of June 23, 2007 on the Amendments to the Federal Targeted Program "Restoration of the Economy and Social Sphere of the Chechen Republic (Year 2002 and Further on)"

Specifies the volume of financing of the federal targeted program "Restoration of the Economy and Social Sphere of the Chechen Republic (Year 2002 and Further on)" in 2007.

Decree of the President of the Russian Federation No. 843 of June 30, 2007 on the Amendment to the Decree of the President of the Russian Federation No. 784 of June 20, 2007 on the Open-Type Joint-Stock Company Modern Commercial Fleet

To improve the efficiency of work and competitive potential of the Russian fleet, the President of the Russian Federation took the decision in June 2007 to transfer as a contribution of the Russian Federation in the registered capital of the OAO Modern Commercial Fleet (St.Petersburg) 50.34% of stocks of the OAO Novorossiysk Shipping Company (Krasnodar Territory) available in the federal property.

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