LEGISLATION


1. THE MINISTRY OF FINANCE AND THE STATE TAXATION SERVICE SIGNED A RESOLUTION
   "ON TAXES ON STATE-OWNED STOCK DIVIDENDS".
2. NEW LAND TAX RATES IN MOSCOW.
3. MODEL CIVIL CODE FOR CIS STATES IS BEING PREPARED.
4. THE GOVERNMENT OF RUSSIA SIGNED A RESOLUTION REGULATING USE OF FUNDS
   GAINED THROUGH SALE OF ENTERPRISES-DEBTORS.
5. DECREE ABOUT FREE OPERATIONS OF FOREIGN INSURANCE COMPANIES IN RUSSIA
   EXPECTED TO BE SIGNED.