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 23.03.2009

Decision of the Government of the Russian Federation No. 244 of March 19, 2009 on the Endorsement of the Rules of Granting Subsidies from the Federal Budget in 2009 to Russian Credit Organisations to Reimburse Shortfall in Incomes under Credits Granted by Russian Credit Organisations in 2009 to Natural Persons for the Purchase of Cars

Russian credit organisations where natural persons got credits in 2009 for the purchase of cars produced in the Russian Federation for up to Rbl 350,000 may get reimbursement of shortfall in incomes.

Decision of the Government of the Russian Federation No. 242 of March 17, 2009 on the Amendments to Some Acts of the Government of the Russian Federation

The amendments are stipulated by the introduction of the obligatory expert evaluation of draft normative legal acts and other documents to reveal provisions inspiring corruption.

Direction of the Central Bank of Russia No. 2185-U of February 12, 2009 on the Amendments to the Instruction of the Bank of Russia No. 110-I of January 16, 2004 on the Obligatory Normatives of Banks

The amendments are expected to promote a conceptual approach in the course of assessment of credit risks for resources placed on correspondent accounts of banks in contracting credit organisations.

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