Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 6.08.2010

Decision of the Government of the Russian Federation No. 599 of August 5, 2010 on the Interim Prohibition to Export Some Types of Agricultural Products from the Territory of the Russian Federation

Prohibits to export wheat and meslin, barley, rye, corn and flours from Russia from August 15 to December 31, 2010.

Decision of the Government of the Russian Federation No. 594 of August 2, 2010 on the Endorsement of the List of Low-Voltage Equipment Subject to Obligatory Confirmation of Compliance When Placed under the Customs Procedures Envisaging Opportunities of Alienation or Use of This Equipment for Their Designated Purposes on the Territory of the Russian Federation

Endorses the list of such equipment.

Decision of the Government of the Russian Federation No. 593 of August 2, 1010 on the Amendments to the Rules of Determination of the Boundaries of the Points of Transfer through the State Border of the Russian Federation

Adjusts the rules of determination of the boundaries of the points of transfer through the state border of Russia.

Decision of the Government of the Russian Federation No. 592 of August 2, 2010 on the Endorsement of the Regulation on the Transfer through the State Border of the Russian Federation and on the Terms of Stay of Foreign Sea and Air Vessels and Other Transport Vehicles Used in Incidents of Oil Pollution, As Well As the Personnel, Cargo, Materials and Equipment Necessary in Such Cases

In 2009, Russia joined the International Convention on Oil Pollution Preparedness, Response and Co-operation of 1990.

Decision of the Government of the Russian Federation No. 590 of August 2, 2010 on the Procedure for the Federal Budget-Supported Institutions to Implement the Powers of the Federal Body of State Power (State Body) in Charge of the Public Obligations to the Natural Person That Must Be Executed in the Monetary Form and on Their Financial Support

Federal budget-supported institutions can make monetary payments to citizens from January 1, 2011 in the framework of the reform of the system of state institutions.

Decision of the Government of the Russian Federation No. 586 of August 2, 2010 on the Amendments to the Acts of the Government of the Russian Federation

Invalidates federal rule (standard) 6 of audit activities.

Decision of the Government of the Russian Federation No. 585 of August 2, 2010 on the Amendment to the List of International and Foreign Organisations Whose Grants (Gratuitous Aid) Received by Taxpayers Are Exempted from Taxation and Are Not Registered for Taxation Purposes in the Incomes of Russian Organisations Getting Them

Specifies the resources allocated to support science and education, culture and arts.

Order of the Government of the Russian Federation No. 1284-r of July 29, 2010

Specifies the list of appropriate state standards necessary for the implementation of the technical regulation on the safety of low-voltage equipment.

Order of the Ministry of Finance of the Russian Federation No. 66n of July 2, 2010 on the Forms of Accounting Reports of Organisations

Endorses new forms of documents included in accounting reports of legal entities (other than credit organisations and state (municipal) institutions).

Concept of Development of the Payment System of the Bank of Russia until 2015 (Approved by the Decision of the Board of Directors of the Central Bank of the Russian Federation (of July 16, 2010, Protocol 16))

The system is expected to be made more efficient.

Information of the Central Bank of Russia of August 5, 2010

Introduces a new banknote with the nominal value of Rbl 1000.

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