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 20.11.2008

Decree of the President of the Russian Federation No. 1625 of November 17, 2008 on the Amendments to Some Acts of the President of the Russian Federation

Appropriate federal bodies of executive power acting as ordering parties for the products (works, services) for the country's defence and state security may specify their own requirements in addition to the requirements of technical regulations.

Order of the Government of the Russian Federation No. 1665-r of November 19, 2008

Transfers in the registered capital of the state corporation Bank of Development and Foreign Trade Activities (Foreign Trade Bank) a property contribution of the Russian Federation in the amount of Rbl 75 billion.

Direction of the Central Bank of Russia No. 2128-U of November 12, 2008 on the Amendments to the Regulation of the Bank of Russia No. 323-P of October 16, 2008 on the Granting of Credits of the Bank of Russia without Security to Russian Credit Organisations

Amends the rules of assessment of creditworthiness of credit organisations for the purposes of credits of the Bank of Russia granted without security for up to six months.

Letter of the Federal Tax Service No. ShS-6-3/832@ of November 17, 2008 on the Licensing of Forest Fire Extinguishing Activities

Licensing is not required for such activities.

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