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 28.07.2010

Federal Law No. 191-FZ of July 27, 2010 on the Amendments to Some of the Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on Thermal Energy Supplies

The law on the electric power supply industry does not cover now consumers of thermal energy.

Federal Law No. 190-FZ of July 27, 2010 on Thermal Energy Supplies

The goal of the law is to regulate relations pertaining to production, transfer and consumption of thermal energy.

Federal Law No. 189-FZ of July 26, 2010 on the Amendments to the Federal Law on the Electric Power Supply Industry and the Code of Administrative Violations of the Russian Federation to Ensure Stable and Reliable Supplies of Electric and Thermal Energy to Consumers

The goal of the changes is to guarantee stable supplies of electric and thermal energy.

Federal Law No. 188-FZ of July 26, 2010 on the Amendments to Articles 8 and 21 of the Federal Law on the Electric Power Supply Industry

The goal of the changes is elimination of cross subsidising.

Federal Law No. 187-FZ of July 26, 2010 on the Amendments to the Federal Law on the Electric Power Supply Industry and the Federal Law on the Particulars of Functioning of the Electric Power Supply Industry in the Transient Period and on the Amendments to Some of the Legislative Acts of the Russian Federation and on Invalidation of Some of the Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on the Electric Power Supply Industry

The amendments are stipulated by the invalidation from January 1, 2011 of the law on the state regulation of tariff rates for electric and thermal power.

Decision of the Government of the Russian Federation No. 537 of July 26, 2010 on the Procedure for the Federal Bodies of Executive Power to Implement the Functions and Powers of the Founder of the Federal State Institution

Regulates the above procedure for subordinate institutions pursuant to the reformation of the systems of state institutions.

Decision of the Government of the Russian Federation No. 533 of July 15, 2010 on the Endorsement of the Technical Regulation on the Safety of the High-Speed Railway Transport

Introduces the minimum safety requirements for the high-speed railway transport.

Direction of the Central Bank of Russia No. 2464-U of June 7, 2010 on the Depositary Registration of the Federal State Securities of the Russian Federation When They Are Used to Increase Capitalisation of Banks

Specifies the above procedure.

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