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 28.11.2008

Notification of the Chairman of the Council of the Federation of the Federal Assembly of the Russian Federation No. SF-236 of November 26, 2008 on the Law of the Russian Federation on the Amendment to the Constitution of the Russian Federation on the Change of the Term of Powers of the President of the Russian Federation and the State Duma

The term of powers of the President of the Russian Federation and the State Duma are suggested to be extended to 6 and 5 years respectively.

Notification of the Chairman of the Council of the Federation of the Federal Assembly of the Russian Federation No. SF-238 of November 26, 2008 on the Law of the Russian Federation on the Amendment to the Constitution of the Russian Federation on the Authority of the State Duma to Control the Government of the Russian Federation

The Government of the Russian Federation shall report on the annual basis to the State Duma the results of its activities, including the issues put forward by the State Duma.

Decision of the Government of the Russian Federation No. 877 of November 26, 2008 on the Transfer of Days-Off in 2009

The working day of Friday, January 9, 2009, is transferred to Sunday, January 11.

Decision of the Government of the Russian Federation No. 876 of November 26, 2008 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Commodities of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

From December 1, 2008, reduces the rates of export customs duties for raw oil and individual oil products exported from the Russian Federation outside the member-states of the Customs Union agreements.

Information of the Central Bank of Russia of November 28, 2008

Increases for the sixth time during the current year the rate of refinancing of the Bank of Russia to make 13% from December 1, 2008.

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