Monitoring of the Federal Legislation dated 4.01.2009

Federal Law No. 323-FZ of December 30, 2008 on the Procedure of Determination of the Minimum Amount of Shared Financing of Capital Repair of Apartment Homes, Resettlement of Citizens from the Breakdown Dwelling Space, Including the Need to Stimulate the Housing Market, at the Expense of the Budgets of Subjects of the Russian Federation and/or Local Budgets in 2009 and on the Amendments to Individual Legislative Acts of the Russian Federation

Reduces the volume of shared financing from the regional and/or local budgets in 2009 necessary for getting financial aid from the Fund of Assistance of Reformation of the Housing and Communal Sector.

Federal Law No. 320-FZ of December 30, 2008 on the Amendments to Article 27.5-2 of the Federal Law on the Securities Market

According to the amendments, exchange-tradable bonds may be issued not only by open-type joint-stock companies, but also by other economic companies, as well as the state corporations and international financial organisations.

Federal Law No. 318-FZ of December 30, 2008 on the Amendments to Articles 11 and 18 of the Federal Law on the Development of Agriculture

The budgets of subjects of the Russian Federation get subsidies for the reimbursement of the part of producer expenses to cover the interest under credits obtained in Russian credit organisations. The procedure applies to credits drawn up until January 1, 2013.

Federal Law No. 317-FZ of December 30, 2008 on the Amendments to Articles 46 and 76 of the Federal Law on the Central Bank of the Russian Federation (Bank of Russia)

Enhances control over the use by the banks of the monetary resources allocated to support the financial system of the Russian Federation.

Federal Law No. 315-FZ of December 30, 2008 on the Amendments to the Federal Law on the Banks and Banking Activities and Some Other Legislative Acts of the Russian Federation

Specifies the particulars of reorganisation of credit organisations in the form of a merger, incorporation and reorganisation.

Federal Law No. 311-FZ of December 30, 2008 on the Amendments to Individual Legislative Acts of the Russian Federation

Improves the procedure of organisation and carrying out of the Winter Olympic Games of 2014 in the city of Sochi.

Federal Law No. 306-FZ of December 30, 2008 on the Amendments to Some of the Legislative Acts of the Russian Federation Pertaining to Improvement of the Procedure of Exaction of the Pledged Property

Permits to conclude an agreement of extra-judicial sale of the object of pledge any time, not only after the failure of execution (improper execution) of the obligation by the debtor.

Federal Law No. 305-FZ of December 30, 2008 on the Amendments to Article 284 of Part 2 of the Tax Code of the Russian Federation

From January 1, 2009, the rate of profit tax from organisations is reduced from 24% to 20%.

Federal Law No. 302-FZ of December 30, 2008 on the Amendment to Article 8 of the Federal Law on the Auxiliary Farming Facilities

Refines the procedure of keeping of the ledger of auxiliary farming facilities.

Federal Law No. 299-FZ of December 30, 2008 on the Ratification of the Peace Keeping Activities of the Collective Security Treaty Organisation

The ratified Agreement was signed in the city of Dushanbe on October 6, 2007.

Federal Law No. 297-FZ of December 30, 2008 on the Amendments to Article 16 of the Federal Law on the Circulation of Lands of Agricultural Use

The lease contracts for the land plots obtained by citizens in the course of privatisation concluded before its adoption must be brought in compliance with the given Law and requirements of the Civil Code of the Russian Federation.