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 30.06.2008

Order of the Ministry of Finance of the Russian Federation No. 51n of May 5, 2008 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 114n of November 22, 2007

Adjusts the procedure of keeping of the summary list of the federal budget and changing of the limits of budget obligations of chief administrators of resources of the federal budget.

Order of the Ministry of Regional Development of the Russian Federation No. 44 of April 11, 2008 on the Endorsement of the Procedure of Working out and Endorsement of the Normatives in the Sphere of Estimate Norms and Price Forming in the Sphere of City Planning Activities

Introduces general requirements to the procedure of working out, examination and endorsement of the norms of estimates and prices in the sphere of city planning activities, as well as the methodology documents regulating the procedure of their working out and application.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 226n of May 12, 2008 on the Amendments to the Procedure of Keeping of the Joint Register of Licenses, Including Those Granted by the Bodies of State Power of the Subjects of the Russian Federation in Compliance with Transferred Authority, Endorsed by the Order of the Ministry of Public Health and Social Development of the Russian Federation No. 689 of November 9, 2007

From January 1, 2008, the bodies of state power of the subjects of the Russian Federation enjoy the authority of licensing of the following types of activities: medical activities of organisations of the municipal and private public health systems (except for the hi-tech medical aid); pharmacy activities and activities associated with circulation of narcotic drugs and psychotropic substances (except for the activities of organisations of the wholesale trade of medicines and apothecaries of the federal public health organisations).

Order of the Federal Customs Service No. 528 of May 4, 2008 on the Endorsement of the Form of the Application of the Natural Person and Its Filling Procedure

Specifies a new form of the application of the natural person declaring commodities moved across the customs border in unattended luggage and sent to a natural person who is not crossing the border.

Direction of the Central Bank of Russia No. 2008-U of May 13, 2008 on the Procedure of Calculation and Conveying of the Cost of Credit to the Borrower Natural Person

Defines the procedure for the credit organisation to calculate and convey to the borrower natural person the full cost of the credit granted under the credit contract or the bank account contract (in the case of crediting).

Order of the Ministry of Finance of the Russian Federation No. 48n of April 29, 2008 on the Endorsement of the Accounting Regulation PBU 11/2008 "Information on the Interconnected Parties"

Specifies the procedure of disclosing of information on the interconnected parties in the accounting reports of commercial organisations except for credit organisations.

Direction of the Central Bank of Russia No. 2010-U of May 14, 2008 on the Amendments to Item 5.1 of the Regulation of the Bank of Russia No. 254-P of March 26, 2004 on the Procedure for Credit Organisations to Generate Reserves for Possible Losses for the Cases of Loans, Debts in Loans and Similar Debts

The banks are obliged to disclose to the borrower natural persons the full cost of the credit (including all commission and fees) before concluding the credit contract or changing its terms if they result in the change of the cost of the credit.

Order of the Customs Service No. 578 of May 14, 2008 on the Endorsement of the Procedure of Committing of Customs Operations for the Products of Fishing Moved Across the Customs Border of the Russian Federation by Fishing Vessels

Introduces a new procedure of committing of customs operations for the Russian fishing vessels crossing the customs border of the Russian Federation and for the products of fishing moved across the customs border of the Russian Federation in these vessels.

Letter of the Federal Service for Financial Markets No. 08-VM-03/10748 of May 27, 2008 on the Particulars of Distribution of Stocks of Joint-Stock Companies Created As a Result of the Reorganisation of the OAO RAO Joint Power Supply System of Russia

The reorganisation of the RAO Joint Power Supply System of Russia will be over on July 1, 2008.

Direction of the Central Bank of Russia No. 2005-U of April 30, 2008 on the Assessment of the Economic Standing of Banks

The procedure of assessment of the economic standing of banks has been worked out to ensure uniform approaches to the assessment of activities of banks carried out by the Bank of Russia in the course of enforcement activities and approaches used for assessment of banks for compliance with the requirements of participation in the deposit insurance system.

Order of the Federal Service for Financial Markets No. 08-18/pz-n of April 15, 2008 on the Endorsement of the Regulation on the Procedure of Registration of the Property Handed over As a Coverage of the Investment Shares of the Shared Investment Fund

The management company of the shared investment fund must keep records of the property handed over in payment for the investment shares of this fund.

Decision of the Constitutional Court of the Russian Federation No. 8-P of May 27, 2008 on the Case of Constitutionality of the Provision of Part 1 of Article 188 of the Criminal Code of the Russian Federation Pursuant to the Appeal of Citizen M.A.Aslamazyan

The Constitutional Court of the Russian Federation recognised as unconstitutional the norm of the Criminal Code of the Russian Federation on smuggling where it pertains to the import to the Russian Federation of foreign currencies and/or the currency of the Russian Federation.

Decision of the Government of the Russian Federation No. 428 of June 4, 2008 on the Interim Rates of Import Customs Duties for Barndoor Hens and Individual Types of Poultry Eggs

Introduces for 9 months the zero rate of import customs duties for live barndoor hens weighing up to 185 g and individual types of poultry eggs.

Decision of the Social Insurance Fund of the Russian Federation No. 82 of April 7, 2008 on the Endorsement of the Methodology Directions on the Procedure of Assigning, Carrying out of the Documentary Checks of Insurants in Obligatory Social Insurance against Industrial Accidents and Occupational Diseases and Taking Measures As a Result of Them

The Social Insurance Fund of Russia is empowered with authority to control the completeness and timely transfer by insurant organisations of contributions for social insurance.

Order of the Federal Tax Service No. MM-3-2/152@ of April 9, 2008 on the Endorsement of the Forms of the Application for Registration of Cash Registers, Logs of Cash Registers and the Card of Registration of Cash Registers

Cash registers used by organisations and independent entrepreneurs must be registered in the tax bodies at the place of registration of the organisation (independent entrepreneur).

Decision of the Plenum of the Supreme Court of the Russian Federation No. 6 of May 27, 2008 on the Judicial Practices in the Cases of Smuggling

Provides explanations on the most arguable issues of qualification of smuggling, delimitation of the corpus delicti from customs violations, as well as the processing of such cases by courts.

Decision of the Government of the Russian Federation No. 422 of June 2, 2008 on the Prolongation of the Rates of Import Customs Duties for Individual Types of Clothes of Natural Fur

Prolongs for 9 months the reduced rates of import customs duties for clothes of natural fur.

Decision of the Government of the Russian Federation No. 412 of June 2, 2008 on the Amendment to the Customs Tariff of the Russian Federation Pertaining to Undoped Aluminium

Introduces on the permanent basis the zero rate of the import customs duty for undoped aluminium.

Order of the Ministry of Finance of the Russian Federation No. 54n of May 5, 2008 on the Endorsement of the Form of the Tax Declaration for the Profit Tax from Organisations and Its Filling Procedure

Endorses a new form of the tax declaration for the profit tax from organisations, as well as its filling procedure.

Regulation of the Central Bank of Russia No. 318-P of April 24, 2008 on the Procedure of Carrying out of Cash Operations and the Rules of Storage, Transportation and Encashment of Banknotes and Coins of the Bank of Russia for Credit Organisations on the Territory of the Russian Federation

Introduces a new procedure of carrying out of cash operations, storage, transportation and encashment of cash in credit organisations on the territory of the Russian Federation.

Information of the Central Bank of Russia of June 9, 2008

From June 10, 2008, increases once again the rate of refinancing of the Bank of Russia and, consequently, the interest rates for operations carried out by the Bank of Russia.

Decision of the Government of the Russian Federation No. 438 of June 5, 2008 on the Ministry of the Industry and Trade of the Russian Federation

Pursuant to the reorganisation of the Ministry of the Industry and Power Supplies of Russia and the Ministry of Economic Development of Russia, creates a new body - the Ministry of the Industry and Trade of the Russian Federation.

Decision of the Government of the Russian Federation No. 432 of June 5, 2008 on the Federal Agency of State Property Management

In the framework of the reorganisation of the structure of the federal bodies of executive power, the Federal Agency of Federal Property Management is reorganised into the Federal Agency of State Property Management.

Order of the Federal Customs Service No. 532 of May 6, 2008 on the Endorsement of the Procedure of Customs Registration of Commodities Illegally Imported to the Customs Territory of the Russian Federation

Customs bodies, when they find commodities illegally moved across the customs border of the Russian Federation with the persons who purchased them on the customs territory of the Russian Federation in the course of entrepreneurial activities, shall arrest such commodities or withdraw them and place for temporary storage.

Decision of the Government of the Russian Federation No. 441 of June 7, 2008 on the Amendments to Some Acts of the Government of the Russian Federation on the Issues of Activities of the Ministry of the Industry and Trade of the Russian Federation

The amendments are stipulated by the creation of the Ministry of the Industry and Trade of the Russian Federation.

Decision of the Government of the Russian Federation No. 437 of June 5, 2008 on the Ministry of Economic Development of the Russian Federation

The Ministry of Economic Development of Russia is a federal body of executive power in charge of the working out of the state policy in the sphere of analysis and forecasting of the socio-economic development, development of entrepreneurial activities, including the medium and small businesses, foreign economic activities (except for the foreign trade).

Direction of the Central Bank of Russia No. 2011-U of May 16, 2008 on the Amendments to the Direction of the Bank of Russia No. 1594-U of July 14, 2005 on the List, Forms and Procedure of Drawing up and Submission of Reports of Liquidated Credit Organisations to the Central Bank of the Russian Federation

The amendments are stipulated by the need to improve opportunities of analysis of reports of bankruptcy commissioners of credit organisations, control over the liquidation procedures.

Direction of the Central Bank of Russia No. 2007-U of May 8, 2008 on the Amendments to the Direction of the Bank of Russia No. 1548-U of February 7, 2005 on the Procedure of Opening (Closing) and Organisation of Work of the Mobile Cash Station of the Bank (Branch)

Mobile stations of cash operations of the bank (branch) may conclude bank account contracts and the bank deposit contract, as well as carry out the following operations: identify the client; accept documents necessary for the opening (closing) of the bank account, deposit account and accept client orders for the resources on the account, in the deposit; check the documents, completeness and correctness of the provided information; draw up the cards with the specimens of signatures and the seal; certify testament orders.

Direction of the Central Bank of Russia No. 2026-U of June 9, 2008 on the Amendments to the Direction of the Bank of Russia No. 1601-U of August 5, 2005 on the Terms for the Bank of Russia to Grant Credits to Credit Organisations Secured with Pledged Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

To confine inflation, increases the interest rates for the credits of the Bank of Russia secured with pledged promissory notes, claims rights under credit contracts of organisations or guarantees of credit organisations.

Direction of the Central Bank of Russia No. 2025-U of June 9, 2008 on the Amendments to the Direction of the Bank of Russia No. 1979-U of February 14, 2008 on the Interest Rate for the Credits Secured with Assets

Increases the amount of the interest rate for the credits of the Central Bank of Russia secured with assets and granted for up to 30 calendar days inclusive.

Direction of the Central Bank of Russia No. 2024-U of June 9, 2008 on the Amount of the Interest Rates for the Lombard Credits of the Bank of Russia

Beginning with June 10, 2008, the interest rate for the lombard credits of the Bank of Russia secured with pledged securities and granted for 1 calendar day is fixed in the amount of 8.75% annual, and for 7 calendar days - 8.75% (if the two latest auctions failed).

Direction of the Central Bank of Russia No. 2023-U of June 9, 2008 on the Amount of the Interest Rate for the Overnight Credit of the Bank of Russia

From June 10, the interest rate for the overnight credit of the Bank of Russia is increased from 10.5% to 10.75% annual.

Direction of the Central Bank of Russia No. 2022-U of June 9, 2008 on the Amount of the Rate of Refinancing of the Bank of Russia

From June 10, 2008, increases again the rate of refinancing of the Central Bank of the Russian Federation to make 10.75% instead of 10.5%.

Direction of the Central Bank of Russia No. 2021-U of June 9, 2008 on the Interest Rates for the Deposit Operations of the Bank of Russia

To regulate the liquidity of the banking system of the Russian Federation, attracts monetary resources of credit organisations in deposits.

Federal Law No. 79-FZ of June 10, 2008 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Republic of Belarus on the Measures to Regulate the Trade and Economic Cooperation in the Sphere of Export of Oil and Oil Products

The ratified Agreement imposes on raw oil exported from the Russian Federation to Belarus a customs duty for the period from 2007 to 2009 in the amount significantly lower than the one for the oil exported to other countries.

Federal Law No. 80-FZ of June 10, 2008 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Kingdom of Norway on the Simplification of the Issue of Visas to the Citizens of the Russian Federation and the Kingdom of Norway

The ratified Agreement introduces on the mutual basis a simplified procedure of issue of visas to individual categories of citizens of the Russian Federation and the Kingdom of Norway.

Federal Law No. 81-FZ of June 10, 2008 on the Ratification of the Treaty on the Long-Term Good Neighbourly Relations, Friendship and Cooperation of the Member-States of the Shanghai Organisation of Cooperation

Ratifies the Treaty on the long-term good neighbourly relations, friendship and cooperation of the member-states of the Shanghai Organisation of Cooperation signed in the city of Bishkek on August 16, 2007.

Federal Law No. 82-FZ of June 10, 2008 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Italian Republic on Cooperation in Elimination of Stocks of Chemical Weapons in the Russian Federation

Ratifies the Russian-Italian intergovernmental Agreement on cooperation in destruction of chemical weapons in the Russian Federation.

Decision of the Government of the Russian Federation No. 421 of June 2, 2008 on the Prolongation of the Rate of the Import Customs Duty for Individual Types of Vegetable Oils

Until December 31, 2008 inclusive, prolongs the reduced rates of import customs duties for individual types of vegetable oils.

Direction of the Central Bank of Russia No. 2009-U of May 14, 2008 on the Amendments to the Instruction of the Bank of Russia No. 28-I of September 14, 2006 on the Opening and Closing of Bank Accounts, Deposit Accounts

Adjusts the procedure for credit organisations (branches) in the Russian Federation, divisions of the payment network of the Bank of Russia to open and close bank accounts (deposit accounts) to legal entities and natural persons, independent entrepreneurs, as well as natural persons engaged in private practices, in the currency of the Russian Federation and foreign currencies.

Order of the Ministry of Finance of the Russian Federation No. 50n of May 4, 2008 on the Endorsement of the Administrative Regulation of the Federal Tax Service on the Execution of the State Function of Issue of the Special Federal Stamps for Labelling Alcoholic Products Produced on the Territory of the Russian Federation

The special federal stamps for labelling alcoholic products produced on the territory of the Russian Federation are issued by the Federal Tax Service of Russia in the framework of the state function.

Federal Law No. 83-FZ of June 11, 2008 on the Amendments to Article 12 of the Federal Law on the Development of Agriculture

The Federal Law envisages opportunities of increasing the total amount of subsidies granted to agricultural producers to compensate part of expenses under issuance contracts.

Decision of the Government of the Russian Federation No. 452 of June 12, 2008 on the Amendments to the List of the Federal Bodies of Executive Power in Charge of Licensing

Hands over the functions of the dissolved Federal Agency of the Industry to the Ministry of the Industry and Trade of Russia.

Decision of the Government of the Russian Federation No. 444 of June 11, 2008 on the Federal Agency for Fishing

Pursuant to the reorganisation of the State Committee of the Russian Federation for Fishing into the Federal Agency for Fishing, endorses the Regulation on the activities of the mentioned agency.

Decision of the Government of the Russian Federation No. 433 of June 5, 2008 on the Endorsement of the Regulation on the Creation of Special Purpose Geodesic Networks

The Federal Law on the state cadastre of immovable property being in effect from March 1, 2008 specifies that the geodesic basis of the cadastre is the state geodesic network and the special purpose geodesic networks.

Decision of the Government of the Russian Federation No. 413 of June 2, 2008 on the Prolongation of the Rate of the Import Customs Duty for the Rolled Products of Aluminium Alloys Measuring in Thickness More Than 0.2 mm, Painted, Varnished or Coated with Plastics

Prolongs for 9 months the rate of the import customs duty for the rolled products of aluminium alloys measuring in thickness more than 0.2 mm, painted, varnished or coated with plastics (code according to the Foreign Trade Commodity Nomenclature of Russia 7606 12 500 0).

Decision of the Government of the Russian Federation No. 398 of May 27, 2008 on the Amendments to Some Acts of the Government of the Russian Federation Pursuant to the Adoption of the Federal Law on the Amendments to Articles 4 and 18 of the Law of the Russian Federation on the State Secret

The Federal Law on the state secret was amended to permit the handing over of information comprising the state secret also to international organisations.

Letter of the Central Bank of Russia No. 64-T of June 3, 2008 on the Revocation of the Letters of the Bank of Russia

The banks are obliged to disclose to borrower natural persons the full cost of the credit (including commission and fees) before concluding the credit contract or changing its terms if it affects the credit cost.

Federal Law No. 88-FZ of June 12, 2008 "Technical Regulation for Milk and Dairy Products"

Endorses a Technical Regulation for milk and dairy products. The Regulation specifies the requirements to production, storage, transportation and sale of milk and dairy products.

Decision of the Government of the Russian Federation No. 450 of June 12, 2008 on the Ministry of Agriculture of the Russian Federation

Decree of the President of the Russian Federation No. 724 of May 12, 2008 reorganised the structure of the federal bodies of executive power. The Decision defines new authority and organisation of work of the Ministry of Agriculture of Russia.

Decision of the Government of the Russian Federation No. 451 of June 12, 2008 on the Federal Registration Service

In pursuance of the latest changes in the system and structure of the federal bodies of executive power, the Federal Registration Service is handed over to the Ministry of Economic Development of the Russian Federation.

Order of the Federal Tax Service No. MM-3-3/213@ of May 15, 2008 on the Amendments to the Order of the Federal Tax Service No. SAE-3-22/417 of August 31, 2005 on the Endorsement of the Forms of Documents Necessary for the Application of the Simplified System of Taxation on the Basis of a Patent

From January 1, 2008, amendments have entered into force to the article of the Tax Code of the Russian Federation specifying the particulars of application of the simplified system of taxation by independent entrepreneurs on the basis of a patent.

Decision of the Government of the Russian Federation No. 449 of June 12, 2008 on the Procedure of Transportation of Narcotic Drugs and Psychotropic Substances on the Territory of the Russian Federation, As Well As the Drawing up of the Necessary Documents for It

Endorses the rules of transportation of narcotic drugs and psychotropic substances on the territory of the Russian Federation.

Letter of the Federal Tax Service No. ShS-6-3/436@ of June 18, 2008 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for May 2008

Provides information used for the calculation of the tax on extraction of mineral resources for oil for May 2008.

Decree of the President of the Russian Federation No. 977 of June 17, 2008 on the Procedure of Entry in the Russian Federation and Exit from the Russian Federation for the Stateless Persons Having Been the Citizens of the USSR and Living in the Latvian Republic or the Estonian Republic

Stateless persons having been the citizens of the USSR and living in Latvia or Estonia can enter the Russian Federation and exit it without the visa.

Decision of the Government of the Russian Federation No. 457 of June 17, 2008 on the Interim Rate of the Import Customs Duty for the Linear Polyethylene

Introduces for 9 months the zero rate of the import customs duty for the linear polyethylene.

Decision of the Government of the Russian Federation No. 456 of June 12, 2008 on the Federal Cadastre of Objects of Immovable Property

Defines anew the sphere of reference and organisation of work of the Federal Cadastre of Objects of Immovable Property.

Direction of the Central Bank of Russia No. 2015-U of May 27, 2008 on the Amendments to the Direction of the Bank of Russia No. 1853-U of July 5, 2007 on the Particulars of Payment Operations Carried out by the Credit Organisation after the Revocation of the License for Bank Operations and on the Accounts Used by the Bankruptcy Commissioner (Liquidator, Liquidation Commission)

Revokes the rules permitting the bankruptcy commissioner (liquidator, liquidation commission) to open foreign currency accounts of the bankrupt credit organisation in only those credit organisations included in the list endorsed by the Government of the Russian Federation.

Information Letter of the Central Bank of Russia No. 37 of May 30, 2008 "Issues of Application of the Regulation of the Bank of Russia No. 308-P of June 20, 2007 on the Procedure for the Authorised Banks to Hand over Information on the Violation by the Persons Carrying out Currency Operations of the Acts of the Currency Legislation of the Russian Federation and the Acts of the Bodies in Charge of the Currency Regulation"

Explains some issues of transfer by the banks of information on the violations by the persons carrying out currency operations of the acts of the currency legislation of the Russian Federation and the acts of the bodies in charge of the currency regulation.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/187 of June 3, 2008

Provides explanations on the issue of taxation with the incomes tax from natural persons of incomes on pension accounts in banks.

Budget Message of the President of the Russian Federation to the Federal Assembly of the Russian Federation of June 23, 2008 on the Budget Policy in 2009-2011

Defines the main goals and tasks of the budget policy for the years 2009-2011 and further on.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/357 of June 10, 2008

Provides explanations on the inclusion of the interest from liabilities in expenses for the profit taxation purposes.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/192 of June 10, 2008

For organisations financed from the federal budget, the amount of the daily allowance in foreign currencies for the trips abroad is determined on the basis of the Decision of the Government of the Russian Federation No. 812 of December 26, 2005.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/193 of June 10, 2008

If a worker of the Russian organisation works abroad, his remuneration, including the one paid out by the Russian employer, is included in incomes from sources abroad.

Order of the Federal Service for Financial Markets No. 08-20/pz-n of May 22, 2008 on the Requirements to the Deadlines for Acceptance of Requests for the Purchase and Redemption of Investment Shares of the Closed-Type Shared Investment Fund and Procedure to Pay out Monetary Compensation in the Cases of Redemption of Investment Shares of the Closed-Type Shared Investment Fund

Adjusts the time limits of acceptance of requests for the purchase and redemption of investment shares of the closed-type shared investment fund and procedure to pay out monetary compensation in the cases of redemption of such shares.

Order of the Federal Service for Financial Monitoring No. 131 of May 23, 2008 on the Endorsement of the Regulation on the Procedure for the Federal Service for Financial Monitoring to Control Execution by Organisations Carrying out Operations with Monetary Resources or Another Property Where Enforcement Bodies Are not Available of the Federal Law No. 115-FZ of August 7, 2001 on the Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

Introduces a procedure for the Federal Service for Financial Monitoring (its territorial bodies) to check organisations carrying out operations with monetary resources and another property where enforcement bodies are not available.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/350 of June 5, 2008

Provides explanations on the cases when organisation provide cellular communication to their employees for service purposes.

Federal Law No. 94-FZ of June 24, 2008 on the Amendments to Article 3 of the Federal Law on the Amendments to the Federal Law on the Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles and Article 2 of the Federal Law on the Amendments to the Law of the Russian Federation on the Organisation of Insurance Activities in the Russian Federation and on the Invalidation of Some of the Legislative Acts of the Russian Federation

Shifts the date of entry into force of some changes in the legislation on the obligatory insurance of civil liabilities of owners of transport vehicles.

Federal Law No. 93-FZ of June 24, 2008 on the Amendment to Article 64 of the Federal Law on the Protection of the Environment

Excludes municipal control from the list of the types of ecological control available in the Federal Law on the protection of the environment.

Federal Law No. 92-FZ of June 24, 2008 on the Amendments to the Federal Law on the Entry into Force of Part 2 of the Tax Code of the Russian Federation and on the Amendments to Some of the Legislative Acts of the Russian Federation on Taxes

Reduces from 18% to 10% the rate of the value added tax for the services of transfer of pedigree animals and poultry under the contracts of financial leasing with the right of repurchase.

Federal Law No. 91-FZ of June 24, 2008 on the Amendment to Article 1 of the Federal Law on the Minimum Amount of Labour Remuneration

From January 1, 2009, the minimum amount of labour remuneration is increased from Rbl 2300 to Rbl 4330 per month.

Federal Law No. 90-FZ of June 24, 2008 "Technical Regulation for the Items of Butter, Oil and Fat"

Endorses a Technical Regulation for the items of butter, oil and fat.

Decision of the Government of the Russian Federation No. 467 of June 23, 2008 on the Amendments to Some Acts of the Government of the Russian Federation Pertaining to the State Regulation in the Sphere of Civil Aviation

Adjusts the authority of the Federal Service of Enforcement in the Sphere of Transport and the Federal Agency of the Air Transport in issues of civil aviation.

Direction of the Central Bank of Russia No. 2019-U of June 4, 2008 on the Amendments to the Regulation of the Bank of Russia No. 203-P of November 5, 2002 on the Procedure for the Central Bank of the Russian Federation to Carry out Deposit Operations with Credit Organisations in the Currency of the Russian Federation

Adjusts the procedure for the Bank of Russia to carry out deposit operations with credit organisations in the currency of the Russian Federation.

Federal Law No. 103-FZ of June 26, 2008 on the Amendments to Individual Legislative Acts of the Russian Federation Pertaining to State Management in the Customs Sphere

Introduces technical changes pertaining to the transfer to the Federal Customs Service of the functions of the Ministry of Economic Development and Trade of the Russian Federation to work out the state policy and normative and legal regulation in the customs sphere.

Federal Law No. 102-FZ of June 26, 2008 on the Uniform Measurements

Brings the legislation of the Russian Federation providing uniform measurements in compliance with the present-day international requirements.

Decision of the Chief State Sanitary Physician of the Russian Federation No. 33 of June 2, 2008 on the Production and Circulation of Poultry Meat

Reports violations revealed in production and circulation of poultry meat.

Letter of the Central Bank of Russia No. 65-T of June 16, 2008 on the Closing of Accounts and Transfer of Residues of Resources of Non-Resident Banks in the Currency of the Russian Federation

The authorised banks having residues on the balance accounts Nos. 30122, 30123, 30230 and 30231 (accounts of non-resident banks in the currency of the Russian Federation) are recommended to carry out work to close the mentioned accounts.

Federal Law No. 100-FZ of June 26, 2008 on the Amendment to Article 8 of the Federal Law on the Particulars of Management and Disposal of the Property of the Railway Transport

The complex of power supply networks and objects of power supply networks of the railway transport providing traction power is excluded from the Joint National (All-Russia) Power Supply Network.

Federal Law No. 96-FZ of June 26, 2008 on the Amendments to the Federal Law on the Ecological Expert Evaluation

The application of the public organisation (association) for the public ecological expert evaluation must contain not only the legal address (as before), but also the place of location of the appropriate organisation.

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