Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 6.07.2007

Decision of the Government of the Russian Federation No. 423 of July 3, 2007 on the Federal Body of Executive Power Authorised to Keep the Joint State Register of Self-Regulating Organisations of Assessors, Enforce Observation by Self-Regulating Organisations of Assessors of the Requirements of the Federal Law on the Assessment Activities in the Russian Federation and Apply to Court to Exclude a Self-Regulating Organisation of Assessors from the Joint State Register of Self-Regulating Organisations of Assessors

The Federal Registration Service is empowered with additional authority to regulate the activities of self-regulating organizations of assessors.

Order of the Ministry of Agriculture of the Russian Federation No. 323 of June 14, 2007 on the Endorsement of the Norms of Natural Loss

Endorses the new norms of natural loss in production and circulation (except for the retail trade) of ethyl alcohol, alcoholic and alcohol-containing products to be in effect until July 1, 2008.
      Registered in the Ministry of Justice of the Russian Federation on July 2, 2007. Reg. No. 9743.

Order of the Ministry of Natural Resources of the Russian Federation No. 138 of May 29, 2007 on the Endorsement of the Form of the State Water Register

The new Water Code of the Russian Federation created the State Water Register for the purposes of providing information support for the complex use of water objects, use of water objects for designated purposes, their protection, as well as for the purposed of planning and working out of measures to prevent a negative impact of waters and elimination of its consequences.
      Registered in the Ministry of Justice of the Russian Federation on July 2, 2007. Reg. No. 9740.

Direction of the Central Bank of Russia No. 1837-U of June 14, 2007 on the Amendments to the Regulation of the Bank of Russia No. 283-P of March 20, 2006 on the Procedure of Generation of Reserves for Possible Losses by Credit Organisations

Adjusts the Regulation of the Bank of Russia No. 283-P of March 20, 2006 on the procedure of generation of reserves for possible losses by credit organisations pursuant to the adoption of the new rules of accounting work in credit organisations located on the territory of the Russian Federation.
      Registered in the Ministry of Justice of the Russian Federation on July 2, 2007. Reg. No. 9739.

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