Rus News Journal

Will come into force

Possibly, will be accepted this week:

(In the table are marked by an asterisk)
the decree Project About additional measures on creation of conditions for investment activity of citizens in the Russian Federation
the Decree prepared by the Federal commission on a securities market, represents legal base of regulation of activity of share investment funds, in world practice known as mutual funds. It is focused on attraction of means of individual investors, indicators of which relative growth concede in Russia only to indicators of most dynamically developing area of the world - Jugo - East Asia. According to the decree share investment funds are not legal bodies that allows them to avoid the double taxation. Fund creation is carried out by acquisition by investors (both physical, and legal bodies, except for state structures and local governments) the investment shares which are let out by a so-called management company. As that the commercial organisation having the licence for the right of realisation of activity on management by share investment funds, given out by the Federal commission on a securities market can act only. Conducting the register of owners of investment shares is carried out exclusively specialised depozitariem or the independent registrar on the basis of the contract with a management company. According to the decree investment shares of funds (which in the decree are defined as nominal securities) should be issued only in the paperless form, therefore to the investor one certificate on all investment shares belonging to it stands out only. To the investor the right according to the Russian legislation freely, nevertheless, is guaranteed to dispose of the investment share belonging to it, including to alienate, put, hand down, etc.
the decision Project About an order of placing of orders for delivery of oil and oil products for export according to intergovernmental agreements
In spite of the fact that till now exist two variants of the project of the decision (Ministry of Fuel and Energy and Ministry of Foreign Economic Relations), the project prepared by experts of the Ministry of external economic relations is recognised by official. Nevertheless it is possible to predict that lobbist struggle round an order of oil export according to intergovernmental agreements will not calm down till the moment of signing of the decision. In spite of the fact that the decision is devoted formally to a minor question, the sphere of its action covers not less than 25 % of volume of the Russian oil export. More important, however, that to the governmental exporter access to the main oil pipelines is guaranteed. Last year export to the account of the state needs was carried out exclusively by traders. This order is criticised by the Department of Fuel and Energy which, aspiring to remove Ministry of Foreign Economic Relations from participation in game, insists, that the extracting enterprises - under the project of Ministry of Fuel and Energy in the interdepartmental commission defining executors of the governmental obligations were exporters, for representatives of Ministry of Foreign Economic Relations there is no place. Certainly, Ministry of Foreign Economic Relations defends the administrative rights. So, in a variant ready to signing it is provided that deliveries of oil and oil products for the export, carried out on account of Russian side obligations under intergovernmental agreements and reports, are made by the oil companies, the oil-extracting enterprises and legal bodies independent of them according to the decree About prime measures on perfection of activity of the oil companies . The list of the companies should be defined Ministry of Fuel and Energy, Ministry of Economics and Ministry of Foreign Economic Relations on a competitive basis.
despite opposite approaches of Ministry of Fuel and Energy and Ministry of Foreign Economic Relations to a problem of regulation of oil export to the account of state needs, the compromise between the ministries is possible. So, the list of the enterprises which the customs recognises as petroexporters is already co-ordinated. This list directed to the State Customs Committee of Ministry of Fuel and Energy, includes 179 petroexporters. In it the majority of positions is occupied with the oil-extracting and oil refining enterprises, however there is also were spetseksportery, for example, joint-stock company MES, Joint-Stock Company the Alpha - Eko Open Company Balkar - Trading joint-stock company Nafta - Moscow Joint-Stock Company the Trading house of Gosinkora . Ministry of Fuel and Energy did not begin to object to the offer of Ministry of Economics on the permission of actual trade in turn - cedations of the place in the schedule of prorolling of oil. In the cedation mechanism when the extracting enterprise concedes the right to pump over the oil to the trader, the idea of Ministry of Foreign Economic Relations that to trade in oil the one who is able to do it should have the right is realised. It is possible to predict that formal barriers before petroexporters will decrease further that corresponds to the orthodox liberal views professed by experts of the international financial organisations. As a result in a prize there will be those exporters who will achieve for itself access to system of oil pipelines earlier.