Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 31.07.2008

Decision of the Government of the Russian Federation No. 572 of July 28, 2008 on the Amendments to the Decision of the Government of the Russian Federation No. 738 of December 3, 2004

The rights of the stock-holder of the open-type joint-stock companies owned by the Russian Federation shall be implemented on behalf of the Russian Federation by the Federal Agency for State Property Management.

Decision of the Government of the Russian Federation No. 569 of July 28, 2008 on the Endorsement of the Rules of Coordination of the Location of Economic and Other Objects, As Well As Introduction of New Technological Processes, Affecting the Condition of Aquatic Biological Resources and Their Environment

In the course of deployment, construction and putting in operation of economic and other objects, as well as introduction of new technological processes, one must take into account their impact on the condition of aquatic bioresources and their environment.

Direction of the Central Bank of Russia No. 2043-U of July 15, 2008 on the Amendments to the Instruction of the Bank of Russia No. 109-I of January 14, 2004 on the Procedure for the Bank of Russia to Take the Decision on the State Registration of Credit Organisations and Issue Licenses for Bank Operations

The new procedure abandons dividing the banks into financially stable and problem ones and introduces 5 qualification groups.

Direction of the Central Bank of Russia No. 2044-U of July 15, 2008 on the Amendments to the Regulation of the Bank of Russia No. 230-P of June 4, 2003 on the Reorganisation of Credit Organisations in the Form of a Merger and Incorporation

Amends the Regulation of the Bank of Russia specifying the particulars of reorganisation of credit organisations in the form of a merger and incorporation.

Direction of the Central Bank of Russia No. 2045-U of July 15, 2008 on the Amendments to the Regulation of the Bank of Russia No. 271-P of June 9, 2005 on the Processing of Documents Submitted to the Territorial Institution of the Bank of Russia to Take the Decision on the State Registration of Credit Organisations, Issue Licenses for Bank Operations and Keep the Databases of Credit Organisations and Their Divisions

The amendments are stipulated by the introduction of the new procedure of assessment of the economic standing of banks.

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