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 18.12.2008

Decision of the Government of the Russian Federation No. 957 of December 15, 2008 on the Governmental Commission for the Improvement of Stability of Development of the Russian Economy

Creates the Governmental Commission for the Improvement of Stability of Development of the Russian Economy in the face of the world financial crisis.

Decision of the Government of the Russian Federation No. 956 of December 15, 2008 on the Endorsement of the List of Milk and Dairy Products Subject to Obligatory Confirmation of Compliance When Placed under the Customs Regimes Envisaging Opportunities of Alienation or Use to Their Destination on the Customs Territory of the Russian Federation

When individual products are placed under the customs regimes envisaging alienation or use in the Russian Federation, the customs bodies must get a compliance certificate.

Decision of the Government of the Russian Federation No. 954 of December 15, 2008 on the Amendments to the List of Goods Subject to Obligatory Certification and the List of Goods Requiring Declaration of Compliance

Milk and dairy products are excluded from the lists of foodstuffs requiring obligatory certification and declaration of compliance.

Decision of the Government of the Russian Federation No. 953 of December 15, 2008 on the Amendments to the Rules of Granting of State Guarantees of the Russian Federation in Foreign Currencies for the Purposes of State Support of the Export of Industrial Products (Goods, Works, Services)

The state guarantees may be granted under obligations of the Russian exporter and also of the creditor bank.

Direction of the Central Bank of Russia No. 2133-U of November 26, 2008 on the Amendments to the Regulation of the Bank of Russia No. 215-P of February 10, 2003 on the Method of Determination of Own Resources (Capital) of Credit Organisations

From January 1, 2009, changes the Chart of Accounts of credit organisations.

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