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 4.12.2008

Decision of the Government of the Russian Federation No. 889 of November 26, 2008 on the Licensing of Activities Pertaining to Armaments and Military Equipment

Regulates the procedure of licensing of each type of activities. Earlier, there was one common procedure.

Decision of the Government of the Russian Federation No. 891 of November 26, 2008 on the Licensing of Activities Pertaining to Munitions

Revises the procedure of licensing of development, production and utilisation of munitions and components.

Decision of the Government of the Russian Federation No. 897 of November 27, 2008 on the Endorsement of the Regulation on the Processing of Applications for the Right of Use of Subsoil Resources in the Cases of Discovery of the Deposit of Mineral Resources on the Part of Subsoil Resources of Federal Significance or on the Part of Subsoil Resources Qualified As a Part of Subsoil Resources of Federal Significance As a Result of Discovery of the Deposit of Mineral Resources by the User of Subsoil Resources Having Carried out Works of Geological Surveys of Such Part of Subsoil Resources at Their Own Expense for the Purposes of Prospecting and Extraction of Mineral Resources of the Discovered Deposit

Revises the procedure of processing of applications in view of the restriction of foreign investments in prospecting and extraction of mineral resources.

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