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 6.01.2009

Decision of the Government of the Russian Federation No. 1003 of December 24, 2008 on the Amendments to the Regulation on the Federal Service for Tariff Rates

The Federal Service for Tariff Rates of Russia is empowered with additional authority to fix the list of standard tariff rates to determine the payment for connection to electric power lines.

Decree of the President of the Russian Federation No. 1883 of December 31, 2008 on the Forming of the Federal Service for Regulation of the Alcohol Market

A new body is formed in the structure of the federal bodies of executive power - Federal Service for Regulation of the Alcohol Market.

Order of the Ministry of Internal Affairs of the Russian Federation No. 1048 of December 1, 2008 on the Amendments to the Order of the Ministry of Internal Affairs of Russia No. 190 of March 15, 1999

Adjusts the procedure of examination of transport vehicles.

Regulation of the Central Bank of Russia No. 329-P of November 28, 2008 on the Terms for the Bank of Russia to Commit Direct REPO Transactions with Russian Credit Organisations at the Stock Exchange of the Moscow Interbank Currency Exchange

Specifies the terms for committing direct REPO transactions at the Stock Exchange of the Moscow Interbank Currency Exchange.

Direction of the Central Bank of Russia No. 2158-U of December 25, 2008 on the Amendments to the Regulation of the Bank of Russia No. 320-P of August 27, 2008 on the Procedure for the Central Bank of the Russian Federation to Administer Acceptance of Individual Types of Incomes in the Budget System of the Russian Federation

The amendments are stipulated by the introduction of the new procedure of registration by the Federal Treasury of receipts in the budget system of the Russian Federation, opening and keeping of personal accounts, cash services for the execution of budgets.

Direction of the Central Bank of Russia No. 2148-U of December 1, 2008 on the Opportunities of Temporary Functioning of the Correspondent Subaccount of the Branch of the Credit Organisation Reorganised into an Internal Structural Division

The deadline to take the decision on the temporary functioning of the correspondent subaccount of the branch of the credit organisation converted into an internal structural division is extended until July 1, 2009.

Direction of the Central Bank of Russia No. 2156-U of December 23, 2008 on the Particulars of Assessment of the Credit Risk for the Loans, Debts in Loans and Similar Debts

Credit organisations may abstain in certain cases from downgrading the assessment of quality of debt servicing in the presence of the world financial crisis.

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