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 25.05.2012

Decision of the Government of the Russian Federation No. 503 of May 23, 2012 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Goods of Oil Exported Outside the Territory of the Russian Federation and the Territories of the Member-States of the Customs Union Agreements

Reduces the above rates from June 1.

Decision of the Government of the Russian Federation No. 500 of May 21, 2012 on the Amount of Coverage of the Necessary Expenses to Invest Resources of the Pay-Out Reserve, Amount of Reward of the State Management Company from Resources of the Pay-Out Reserve and the Composition of the Necessary Expenses to Invest Resources of the Pay-Out Reserve

The cost of investing of resources of the pay-out reserve.

Order of the Ministry of Justice of the Russian Federation No. 66 of April 26, 2012 on the Endorsement of the Procedure for Keeping the State Register of Independent Experts Having Received Accreditation for the Anticorruption Expert Evaluation of Normative Legal Acts and Draft Normative Legal Acts in the Cases Specified in the Legislation of the Russian Federation

Specifies the above procedure.

Direction of the Central Bank of the Russian Federation No. 2808-U of April 28, 2012 on the Amendments to the Instruction of the Bank of Russia No. 110-I of January 16, 2004 on the Obligatory Normatives of Banks

Refines the above instruction.

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