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 6.08.2012

Decision of the Government of the Russian Federation No. 756 of July 21, 2012 on the Endorsement of the Rates of Export Customs Duties for the Goods Exported from the Russian Federation Outside the Member-States of the Customs Union Agreements and on Invalidation of Certain Acts of the Government of the Russian Federation

The rates are being brought in compliance with Russia's obligations after accession to the WTO.

Order of the Federal Antimonopoly Service No. 498 of July 24, 2012 on the Endorsement of the Administrative Regulation of the Federal Antimonopoly Service on the Execution of the State Function of Processing of Appeals against Actions (Failure to Act) of the Ordering Party, Authorised Body, Specialised Organisation, Contest, Auction or Quotation Commission, Operator of Electronic Trading Facility in the Case of Placing of Order for Supplies of Goods, Carrying out Works, Rendering Services, Including the Orders for Energy Services, for the State, Municipal Needs, the Needs of State-Run Institutions

Specifies the above procedure.

Order of the Ministry of Finance of the Russian Federation No. 101n of July 2, 2012 on the Endorsement of the Requirements to the Composition and Structure of Assets Accepted As a Coverage of Own Resources of Insurer

Introduces new such requirements.

Order of the Federal Antimonopoly Service No. 360 of June 4, 2012 on the Endorsement of the Administrative Regulation of the Federal Antimonopoly Service on the Execution of the State Function of Supervision of Observance of the Legislation on Advertising by Carrying out the Checks of Observance of the Legislation of the Russian Federation on Advertising

Specifies the above procedure.

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