Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 18.08.2008

Decision of the Government of the Russian Federation No. 604 of August 12, 2008 on the Endorsement of the Rules of Distribution of the Quotas for the Catch of Aquatic Bioresources for the Russian Federation in the Regions Covered by International Treaties of the Russian Federation Pertaining to Fishing and Conservation of Aquatic Bioresources

Specifies the procedure of distribution among legal entities and independent entrepreneurs of the quotas of the catch of aquatic bioresources for the Russian Federation in the regions covered by international treaties of the Russian Federation pertaining to fishing and conservation of aquatic bioresources.

Decision of the Government of the Russian Federation No. 602 of August 12, 2008 on the Endorsement of the Rules for the Arrangement of Auctions of Sale of Quotas of the Catch of Aquatic Bioresources and Shares in the Total Volume of Quotas of the Catch of Aquatic Bioresources for the Purposes of Commercial Fishing

Specifies the procedure to arrange and carry out the auctions of sale of quotas of the catch of aquatic bioresources included in the objects of fishing and the shares in the total volume of quotas for the purposes of commercial fishing.

Decision of the Government of the Russian Federation No. 590 of August 12, 2008 on the Procedure to Check Investment Projects for Efficiency of Use of Resources of the Federal Budget Allocated for Capital Investments

Specifies the procedure to check investment projects envisaging construction, reconstruction and modernisation of objects of capital construction and/or other investments in the main capital financed fully or partly at the expense of the federal budget.

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