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 11.07.2007

Decision of the Government of the Russian Federation No. 435 of July 9, 2007 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Individual Types of Tropical Oils

Excludes from the Foreign Trade Commodity Nomenclature of the Russian Federation individual subheadings of coconut oil (copra) and fractions thereof, as well as the palm kernel or babassu oil and fractions thereof.
      The Decision is entered into force 2 months after the day of its official publication.

Decision of the Government of the Russian Federation No. 427 of July 4, 2007 on the Amendments to Some of the Decisions of the Government of the Russian Federation on Circulation of Narcotic Drugs and Psychotropic Substances

The amendments extend significantly the list of psychotropic substances restricted for circulation in the Russian Federation where exemptions are permitted in compliance with the legislation of the Russian Federation and international treaties of the Russian Federation (List III) endorsed by the Decision of the Government of the Russian Federation No. 681 of June 30, 1998.
      The Decision is entered into force from the date of its official publication.

Direction of the Central Bank of Russia No. 1842-U of June 20, 2007 on the Procedure of Carrying out of Bank Operations to Transfer Monetary Resources to Orders of Natural Persons without the Opening of Bank Accounts for Them by Credit Organisations Involving Commercial Organisations Not Being Credit Organisations

Commercial organisation not being a credit organisation may accept cash from natural persons in payment of the services of telecommunication, dwelling space and communal services only after conclusion of the contract with the credit organisation having concluded the contracts with organisation receiving the resources.
      The Direction is entered into force four months after the day of its official publication in the Herald of the Bank of Russia.
      Registered in the Ministry of Justice of the Russian Federation on July 5, 2007. Reg. No. 9756.

Direction of the Central Bank of Russia No. 1838-U of June 14, 2007 on the Amendments to the Instruction of the Bank of Russia No. 110-I of January 16, 2004 on the Obligatory Normatives of Banks

Introduces numerous changes to the Instruction of the Bank of Russia on the obligatory normatives of banks.
      The Direction is entered into force from October 1, 2007.
      Registered in the Ministry of Justice of the Russian Federation on July 5, 2007. Reg. No. 9755.

Order of the Ministry of Information Technologies and Communication of the Russian Federation No. 68 of June 19, 2007 on the Endorsement of the Rules of Application of Equipment of Automatic Systems of Control and Monitoring of Telecommunication Networks. Part II. The Rules of Application of Equipment of Automatic Systems of Control and Monitoring of the Means of Communication Fulfilling the Functions of Digital Transport Systems

Introduces obligatory requirements to the functions and parameters of equipment of automatic systems of control and monitoring of the means of communication fulfilling the functions of digital transport systems intended for use in public-use communication networks and technological communication networks if connected to a public-use communication network.
      Registered in the Ministry of Justice of the Russian Federation on July 2, 2007. Reg. No. 9735.

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