Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 10.07.2009

Information of the Central Bank of Russia of July 10, 2009

The rate of refinancing is reduced from July 13, 2009 from 11.5% to 11%.

Decision of the Constitutional Court of the Russian Federation No. 11-P of June 24, 2009 on the Case of Constitutionality of Provisions of Items 2 and 4 of Article 12, Articles 22.1 and 23.1 of the Law of the RSFSR on the Competition and Restriction of Monopolist Activities at Commodity Markets and Articles 23, 37 and 51 of the Federal Law on the Protection of Competition Pursuant to the Appeals of the OAO Gazenergoset and the OAO Nizhnekamskneftekhim

Does not permit the antimonopoly bodies to issue orders to transfer to the federal budget incomes obtained as a result of antimonopoly violations if the blame of the economic subject is not ascertained.

Decision of the Government of the Russian Federation No. 546 of July 7, 2009 on the Endorsement of the Rules of Granting Subsidies from the Federal Budget to the Russian Leasing Companies to Reimburse Part of Expenses to Pay the Interest under Credits Obtained in Russian Credit Organisations in 2009 for up to 5 years for the Purchase of Russian-Made Cars Followed by Their Transfer for Leasing

In view of the world economic crisis, the Government of the Russian Federation is permitted to allocate in 2009 from the federal budget resources to implement the measures of support of the financial market, the labour market and the industries of the country's economy.

Order of the Ministry of Economic Development of the Russian Federation No. 201 of June 1, 2009 on the Endorsement of the Administrative Regulation of the Federal Agency of State Property Management on the Granting of the State Service of Issuance According to Established Procedure of Excerpts from the Register of Federal Property

Specifies the deadlines and sequence of actions for the Federal Agency of State Property Management to issue excerpts from the Register of Federal Property.

Order of the Federal Customs Service No. 663 of April 13, 2009 on the Fixed Amount of Secured Customs Payments for Excisable Goods

Specifies new fixed amounts of security of customs payments for excisable goods imported to the Russian Federation.

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