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 22.09.2011

Order of the Ministry of Economic Development of the Russian Federation No. 402 of August 17, 2011 on the Amendments to the Procedure of Inclusion in the State Cadastre of Immovable Property of Information on the Earlier Registered Objects of Immovable Property Endorsed by the Order of the Ministry of Economic Development of Russia No. 1 of January 11, 2011

Refines the above procedure.

Direction of the Central Bank of Russia No. 2687-U of September 14, 2011 on Interest Rates for Credits Secured with Assets or Guarantees

Reduces the rates for the above credits.

Direction of the Central Bank of Russia No. 2690-U of September 14, 2011 on the Interest Rate for Credits Secured with Gold

Reduces the rate for the above credits.

Direction of the Central Bank of Russia No. 2677-U of August 26, 2011 on the Amount of Payment for the Right of Use of Intraday Credits of the Bank of Russia

The amount of payment for the right of use of intraday credits is not changed, making zero.

Direction of the Central Bank of Russia No. 2689-U of September 14, 2011 on the Interest Rates for Lombard Credits of the Bank of Russia

The rates for lombard credits of the Central Bank of Russia are reduced by 0.25 percentage points.

Direction of the Central Bank of Russia No. 2688-U of September 14, 2011 on the Interest Rates for Deposit Operations of the Bank of Russia

The fixed rates for deposit operations of the Bank of Russia are increased by 0.25 percentage points from mid-September.

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