LEGISLATION

1. NEW IMPORT TARIFF OF THE RUSSIAN FEDERATION WILL COME INTO FORCE JULY 1.
2. PRESIDENT YELTSIN SIGNED A DECREE THAT FEDERAL INSTITUTIONS OF CULTURE,
   FINE ARTS AND CINEMA AS WELL AS ARCHIVES AND CIRCUSES BE EXEMPT FROM THE
   OBLIGATION TO SELL A CERTAIN PART OF THEIR HARD CURRENCY REVENUES TO THE
   STATE.
3. FREE ECONOMIC ZONES IN THE MOSCOW REGION.
4. THE NEW RESOLUTION No 294 OF THE STATE CUSTOMS COMMITTEE" ON THE EXEMPTION
OF IMPORTS OF CERTAIN PRODUCTS INTO THE RUSSIAN FEDERATION FROM THE VALUE-
ADDED TAX AND THE SPECIAL TAX"