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News of the Federal Legislation

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News of the Federal Legislation


The refinancing rate of the Bank of Russia has been increased
2008-11-12 06:00

NEWS OF THE FEDERAL LEGISLATION

The refinancing rate of the Bank of Russia has been increased

Within the frameworks of measures of the Bank of Russian directing to decrease capital outflow level and to curb inflatory tendencies, the Board of Directors of the Bank of Russia has increased the refinancing rate and interest rates on transactions made by the Bank of Russia.

Since November 12, 2008, the Direction of the Bank of Russia N 2123-U of November 11, 2008 (document is in Russian) establishes the refinancing rate in the size of 12% per annum.

  The interest rates on overnight credit, pawn credits granted in accordance with the Statute of the Bank of Russia N 236-P of August 4, 2003 (document is in Russian), credits secured by assets in accordance with the State of the Bank of Russia N 312-P of November 12, 2007 (document is in Russian), credits secured by pledge of bills, rights of demand on institutions credit contracts or guaranties of credit institutions granted in accordance with the Statute of the Bank of Russia N 273-P of July 14, 2005 (document is in Russian), direct REPO operations; transactions "currency swap", deposit operations in accordance with the Statute of the Bank of Russian N 203-P of November 5, 2003 (document is in Russian), as well as minimum interest rates on liquidity granting transactions carrying out on an auction base may be seen at the official Central Bank site on address: http://www.cbr.ru/pw.aspx?file=/press/if/081111_195639refin.htm .

The amendments are made to the Customs Tariff of the Russian Federation
2008-11-12 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Customs Tariff of the Russian Federation

The Decree of the Government of the Russian Federation N 813 of November 7, 2008 (document is in Russian) approves the rates of import customs duties in respect of ferrous wastes and scrap, certain kinds of roll stock (commodity position 7204 of the TN VED of Russia) for 9 months. The Decree shall put into effect upon expiration of 2 months since the day of its official publication.
 
Since November 11, 2008, the Decree of the Government of the Russian Federation N 840 of November 10, 2008 (document is in Russian) approves the rates of import customs duties in respect of civil aircrafts with quantity of mounting seats more than for 300 persons (code 8802 40 000 5 of the TN VED of Russia) in the size equal to zero and for other civil aircrafts (code 8802 40 000 7 of the TN VED of Russia) in the size of 20 percent of customs cost on a permanent base.


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