26 апреля 2024

Garant. Daily monitoring of the Federal legislation at 26.04.2024

• Information of the Ministry of Economic Development of the Russian Federation of April 24, 2024 - Deflator coefficients for the mineral extraction tax rate for coal mining for the second quarter of 2024 are known
  
   
• Resolution of the Constitutional Court of the Russian Federation No. 21-P of April 25, 2024 In the case of verifying the constitutionality of Part 6 of Article 32 of the Housing Code of the Russian Federation - The Constitutional Court protected the housing rights of former family members of the owner of seized emergency housing who refused to participate in its privatisation
  
   
• Order of the Ministry of Internal Affairs of the Russian Federation No. 125 of March 21, 2024 on forms of documents for admission to Russian citizenship and its termination have been updated
  
   

Dear colleagues,

this Newsletter to be sent once a week on Fridays in order to keep you informed of the most significant legal developments in the Russian legislation and to assist you in navigating within the ever-increasing information traffic.

You may apply to the GARANT Company for the current wording of any document contained in the newsletter. This is the most reliable option to obtain translations of the Russian legal acts that are being updated weekly.

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News of the week

Russian companies participating in foreign trade activities may now not submit documents to the bank on transactions with foreign partners if the volume of such a transaction does not exceed one million roubles. Previously, this threshold was 600 thousand roubles.

The obligation of firms to send transportation, shipping and other documents that confirm the movement of goods within the EAEU to authorised banks is also cancelled. The Federal Customs Service will exchange such information with banks independently in electronic form.

In addition, the right of companies to pay for a registered foreign trade contract is secured through any authorised bank, and not only through the one in which they are registered.

The specifics of submitting documents to the bank on transactions with foreign counterparties in cash and generating reports on such transactions have been established. The contents of information included in the bank control statement has been expanded. This is done for more effective monitoring and foreign exchange records.

! Documents' full texts are avaiable in the commercial version of the Garant database «Legislation of Russia in English»

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Important documents of the week that you might have missed

• BAN ON FORECLOSURE, SEIZURE AND APPLICATION OF OTHER INTERIM MEASURES IN RELATION TO ASSETS IN S-TYPE OR I-TYPE ACCOUNTS HAS BEEN CLARIFIED
  From January 3, funds and securities accounted for in S-type accounts, as well as for funds held in I-type accounts, cannot be levied under enforcement documents, and arrest cannot be imposed in relation to them. no other interim measures can be taken.
  From April 8, 2024, these provisions are set out in a new wording. They specify that:
  - a demand for the collection of mandatory payments in respect of assets in S-type or I-type accounts cannot also be made;
  - a ban on foreclosure, seizure, filing a claim for the collection of obligatory payments, the use of other interim measures is applied if the relevant judicial acts and acts of other authorities are issued after January 3, 2024.
• DEADLINE FOR THE SALE OF SHARES OF FOREIGN SHAREHOLDERS OF THE SAKHALIN-1 PROJECT HAS BEEN EXTENDED
  The President extended the deadline for the sale of shares of foreign shareholders of the Sakhalin-1 project until January 1, 2025.
• RESIDENTS BELONGING TO THE SAME INTERNATIONAL GROUP OF COMPANIES WITH NON-RESIDENTS WILL BE REQUIRED TO REPORT ON THE MOVEMENT OF MONEY THROUGH ACCOUNTS IN FOREIGN BANKS
  Residents must report on the movement of funds and other financial assets on accounts in foreign banks and on transfers without opening an account using electronic means of payment of foreign payment service providers. The Ministry of Finance will update reporting forms.
  Rules are provided for the submission of reports by residents belonging to the same international group of companies with non-residents. 

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