Large foreign IT companies were obliged to open branches in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 16.06.2008

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.

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