Monitoring of the Federal Legislation dated 25.05.2022

Direction of the Bank of Russia No. 6111-U of March 31, 2022 'On amendments to Item 1 of Direction of the Bank of Russia No. 5348-U of December 9, 2019 'On Rules for Cash Settlements': consumer credit co-operatives are allowed to spend more proceeds from the cash register without prior crediting to a bank account for cash settlements with individuals has been increased.

Decree of the President of the Russian Federation No. 303 of May 23, 2022 'On amendments to Decree of the President of the Russian Federation No. 79 of February 28, 2022 on the Application of Special Economic Measures in Connection with the Unfriendly Actions of the United States of America and Adhering Foreign States and International Organisations': the ratio of mandatory sale by Russian exporters of foreign exchange earnings under foreign trade contracts has been reduced from 80% to 50%.

Decision of the Government of the Russian Federation No. 911 of May 20, 2022 'On the admission of persons to work with narcotic drugs and psychotropic substances, as well as to activities related to the circulation of precursors of narcotic drugs and psychotropic substances'

Decision of the Government of the Russian Federation No. 916 of May 20, 2022 'On approval of the list of defects and conditions under which operation of self-propelled machines and other types of equipment is prohibited'

Decision of the Government of the Russian Federation No. 921 of May 20, 2022 'On the priority use, as well as the suspension or restriction of the use of any communication networks and means of communication in the event of a threat of emergencies and in the event of emergencies of a natural or man-made nature'

Decision of the Government of the Russian Federation No. 928 of May 21, 2022 'On extension of the deadline for filing, in 2022, financial statements by financial market organisations with the federal executive body authorised for control and supervision in the field of taxes and fees'

Information of the Federal Air Transport Agency, dated May 24, 2022: temporary restriction of flights to Russian airports in the south and central part of Russia to be extended until May 31, 2022

Information of the Ministry of Finance of the Russian Federation, dated May 23, 2022: the requirement for the sale of exporters' foreign exchange earnings to be relaxed.