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 19.08.2008

Decision of the Government of the Russian Federation No. 605 of August 12, 2008 on the Endorsement of the Rules of Distribution of Quotas for the Catch of Aquatic Bioresources for the Purposes of Commercial Fishing (Except for the Coastal Fishing) on the Continental Shelf of the Russian Federation and in the Exclusive Economic Zone of the Russian Federation

Adjusts the procedure of distribution of such quotas.

Decision of the Government of the Russian Federation No. 599 of August 12, 2008 on the Endorsement of the Regulation on the Licensing of Operation of Explosive and Fire Hazardous Industrial Objects

Specifies the procedure of licensing of the mentioned activities.

Direction of the Central Bank of Russia No. 2047-U of August 1, 2008 on the Amendments to Item 2 of the Direction of the Bank of Russia No. 1482-U of July 28, 2004 on the List of Securities Included in the Lombard List of the Bank of Russia

Mortgage coverage bonds issued by other than credit organisations with a BBB- rating according to Standard & Poor's or Fitch Ratings or a rating according to Moody's Investors Service may be included in the Lombard List of the Bank of Russia regardless of whether or not they are secured with guarantees.

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