Windfall tax for major companies to be introduced in Russia

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31.07.2023
GENDER REASSIGNMENT IS NOW PROHIBITED IN RUSSIA
Medical interventions, including the use of drugs aimed at gender reassignment, are prohibited. 
An exception to be made for treatment of congenital anomalies, genetic and endocrine diseases associated with impaired formation of the genital organs (for children). It may be allowed only under a decision of the medical commission of the medical institution subordinate to the RF Ministry of Public Health.
 
28.07.2023
RULES FOR THE DIGITAL ROUBLE PLATFORM ARE DESIGNED
The Bank of Russia has developed draft rules for the operating of the digital rouble platform. The types of digital wallets (digital rouble accounts), the procedure for opening and closing them, the list of operations with digital roubles are determined. 
A balancing mechanism is provided for resolving disputes, considering users’ requests and claims, as well as the procedure for monitoring compliance by participants with the rules.
 
27.07.2023
INSTRUCTIONS: SWITCHING KEY ECONOMIC SECTORS TO DOMESTIC DIGITAL PRODUCTS
In 2023, more than 11 billion roubles to be additionally allocated for implementation of roadmaps for development of high-tech areas "New Industrial Software" and "New General System Software". 
The Ministry of Finance, the Ministry of Economic Development and the Ministry of Digital Development, in coordination with the Bank of Russia, are instructed to draw up a road map by the end of September, to develop venture financing for Russian IT companies and stimulate the creation of private industry venture funds, including through providing tax incentives. 
Up to September 1, 2023, lists of standard industrial critical information infrastructure facilities should be formed, where foreign products must be replaced with domestic ones.
 
26.07.2023
CREDIT AND INSURANCE ORGANISATIONS WILL BE SENT INFORMATION ON CONTROLLING PERSONS OF THE NON-GOVERNMENTAL PENSION FUND ACCORDING TO THE AMENDED RULES
The procedure for sending information on controlling persons of the non-governmental pension fund by credit and insurance organisations.
 
25.07.2023
TERMS FOR THE WITHDRAWAL OF COMPANIES FROM UNFRIENDLY COUNTRIES FROM RUSSIA AND THE PAYMENT OF DIVIDENDS TO FOREIGN SHAREHOLDERS HAVE BEEN UPDATED
The terms for taking decisions on the issuance of permits for the alienation of the assets of Russian companies by foreign persons from unfriendly countries have been revised. Among the new ones are the repurchase of an asset at market value as of the date of exercise of such an option, the existence of an economic benefit for the resident owner of the asset and the limitation of the period of validity of the permit (as a rule, no more than two years from the date of the implementation (execution) of the initial transaction (operation)). 
The terms for issuing permits for the payment of profits (dividends) to foreign creditors have also been updated in cases established by decrees of the President of the Russian Federation.
 
24.07.2023
LAMINATED BIRTH CERTIFICATES MUST BE ACCEPTED AT CHECK-IN FOR RUSSIAN FLIGHTS
The legislation on acts of civil status does not prohibit the lamination of civil status documents, and also recognize such certificates as valid. 
A laminated civil status document has equal legal significance with a non-laminated document and confirms the information contained in the certification of vital record.
 
21.07.2023
THE RF GOVERNMENT WILL SUPPORT THE CONSTRUCTION OF MODULAR HOTELS IN 38 REGIONS
The Government of the Russian Federation distributed subsidies for 2023 and 2024 to support investment projects to create modular non-capital accommodation facilities in some regions.
 
20.07.2023
FROM JUNE 29, A TRADEMARK CAN BE REGISTERED, INCLUDING IN THE NAME OF A CITIZEN WHO IS NOT AN INDIVIDUAL ENTREPRENEUR
This is due to the entry into force of the amendments to the Civil Code of the Russian Federation, adopted last summer, which removed from the Code the provisions that individuals can act as trademark owners only if they have the status of an individual entrepreneur.
Innovations are designed primarily for self-employed citizens engaged in entrepreneurial activities without registering as an individual entrepreneur.
 
19.07.2023
BAN ON OIL SUPPLIES UNDER CONTRACTS PROVIDING FOR A ‘PRICE CEILING’ HAS BEEN EXTENDED
Until the end of 2023, the ban on the supply of Russian oil and oil products to foreign persons is extended if the contract for such supplies involves the use of a price cap mechanism. 
The ban was introduced in response to the establishment of a "price ceiling" for Russian oil and oil products by unfriendly countries. It does not apply to the supply of Russian oil under contracts in pursuance of international agreements with friendly countries.
 
18.07.2023
ROSKOMNADZOR HAS EXPANDED THE LIST OF FOREIGN HOSTING PROVIDERS SUBJECT TO ‘LANDING’
Roskomnadzor included 12 foreign hosting providers into the list of companies subject to "landing".
Including into this list imposes on foreign hosting providers the obligation to open a branch, representative office or Russian legal entity in Russia, post an electronic feedback form with Russian users on their website, register a personal account on the Roskomnadzor website for prompt interaction with authorities.
 
17.07.2023
THE STRATEGY FOR THE DEVELOPMENT OF THE PHARMACEUTICAL INDUSTRY OF THE RUSSIAN FEDERATION WAS APPROVED
 
The Government of the Russian Federation approved the Strategy for the Development of the Pharmaceutical Industry of the Russian Federation for the period until the end of the coming decade.
Among the objectives of the implementation of the Strategy is an increase in the number of organisations implementing technological innovations, improving the competitiveness of domestic pharmaceutical manufacturers.
 
14.07.2023
ADMINISTRATIVE LIABILITY TO BE INTRODUCED FOR THE ILLEGAL USE OF FOREIGN MESSENGERS FOR TRANSFER OF PERSONAL AND FINANCIAL INFORMATION

Changes correspond to the amendments to the Law on Information that came into force on March 1, 2023. It is forbidden to transfer payment documents and details, data on non-cash money transfers, personal data of Russian citizens and information on their bank accounts (deposits) through foreign messengers in the following cases: 

- when providing state or municipal services, fulfilling a state or municipal task; 
- when selling goods, works, services and property rights by state-owned companies, state and municipal unitary enterprises, public companies, business entities in the authorised capital of which the share of the state or municipality exceeds 50%, credit and non-credit financial organisations, as well as subjects of the national payment system.
13.07.2023
MINISTRY OF FINANCE HAS CHANGED THE PROCEDURE FOR SETTLEMENTS ON EUROBONDS IN ROUBLES

Russia fulfills its debt obligations under Eurobonds in roubles at the internal rate. 

The RF Ministry of Finance has changed the procedure for settlements. The changes concern activities of NCO JSC NSD to transfer funds to holders of Eurobonds of the Russian Federation.
12.07.2023
TEMPORARY RESTRICTION ON THE IMPORT OF OZONE-DEPLETING SUBSTANCES IN 2023

From August 1 to December 31, 2023, a quantitative restriction is established with respect to import into the Russian Federation of ozone-depleting substances of group I of list C, section 2.1 of the List of goods in respect of which a permitting procedure for import onto the customs territory of the EAEU and export is established. The volume allowed for import will be distributed among the applicants that filed applications with the Ministry of Natural Resources of the Russian Federation on the need for the import of ozone-depleting substances, with indicating the purposes for use thereof.

11.07.2023
LIABILITY OF TAXI OWNERS TO PASSENGERS TO BE INSURED UNDER THE LAW ON THE COMPULSORY INSURANCE OF CARRIER’S CIVIL LIABILITY

Amendments have been made to the legislation, according to which, starting from September 1, 2024, legal relations concerning the compulsory insurance of civil liability of persons carrying out transportation of passenger in taxi, for harm caused to the life, health or property of such passengers, will be regulated by the OSGOP Law (abbreviation for the Law on the Compulsory Insurance of Carrier’s Civil Liability). Currently, insurance compensations for taxi passengers are paid in accordance with the OSAGO legislation.

10.07.2023
CHILDREN WILL BE ALLOWED TO PARTICIPATE IN PHYSICAL EDUCATION ONLY ON THE BASIS OF A MEDICAL REPORT

A law has been adopted regarding the protection of children's health in educational institutions. In particular, it is established that students are allowed to participate in physical education classes provided the statement of a medical organisation issued on the basis of results of preventive medical examinations. 

Moreover, an educational institution should provide first aid to students during their stay in such institution. Such assistance may be provided by teachers or other persons with appropriate training and (or) skills.
07.07.2023
FROM SEPTEMBER 1, 2023, FINES ARE PROVIDED FOR VIOLATIONS RELATED TO DISTRIBUTION OF ADVERTISING ON THE INTERNET

Administrative liability is being introduced: 

- for failure to provide the Federal Service for Supervision of Communications, Information Technology, and Mass Media with information about online advertising; 
- for distributing online advertising without an advertising identifier or for violating the requirements for its placement; 
- for failure to transfer information about online advertising to the Federal Service for Supervision of Communications, Information Technology, and Mass Media by the advertising data operator, non-compliance with the interaction procedure, violation of the requirements for the advertising identifier.
06.07.2023
ACCOUNTING (FINANCIAL) STATEMENTS: PROJECT OF THE FEDERAL ACCOUNTING STANDARD

The Ministry of Finance has developed the Federal Accounting Standard for Accounting (Financial) Statements. It will establish the composition and content of accounting, samples of accounting forms, as well as the terms for its reliability. 

The standard is planned to be applied from the reporting for 2025.
05.07.2023
FROM JULY 1, 2023, THE PROCEDURE FOR PLACING INFORMATION AND DOCUMENTS IN THE REGISTER OF CONTRACTS PROVIDED FOR BY LAW NO. 44-FZ WILL CHANGE

From July 1, 2023, the provisions of the Rules for maintaining the register of contracts concluded by customers come into force, providing, among other things, for the obligation of the customer to send, for inclusion in the register of contracts, information about the place of delivery of the purchased goods, the place of performance of work or the provision of services, the address of the web page on which court decision to terminate contract. Also, from this date, information about the counterparty included in the unified register of procurement participants will be placed in the register of contracts automatically if the contract was concluded using the Unified Information System.

04.07.2023
A NEW PROCEDURE FOR THE IMPORT OF MEDICAL PRODUCTS INTO THE RUSSIAN FEDERATION FOR THE PURPOSE OF THEIR STATE REGISTRATION HAS BEEN ADOPTED

The Ministry of Public Health approved a new procedure for the import of medical devices into the territory of the Russian Federation for the purposes of state registration, including in order to amend the documents contained in the registration dossier for a medical device, as well as medical products requiring technical tests, toxicological studies, clinical trials, and tests for the purpose of approval of the type of measuring instruments. The new procedure will replace the similar one of 2020 and will be applied until September 2029.

03.07.2023
EUROPEAN PROTOCOL LIMIT WITHOUT PHOTOGRAPHIC FIXATION IS PROPOSED TO BE INCREASED

A draft law has been submitted to the State Duma, which provides for an increase the maximum amount of insurance compensation paid in accordance with the European Protocol from 100,000 to 200,000 roubles, in cases where an accident is registered by drivers without using a mobile application that provides photographic recording of the incident picture, and without a technical means of control based on GLONASS.

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