LEGISLATION

1. A GOVERNMENT RESOLUTION HAS BEEN ISSUED "ON THE MEASURES OF REGULATING THE
   STATE PRICES (TARIFFS)".
2. A GOVERNMENTAL DECREE "ON THE ECONOMIC CONDITIONS OF THE AGROINDUSTRIAL
   COMPLEX OF THE RUSSIAN FEDERATION FUNCTIONING IN 1995" HAS BEEN ISSUED.
3. A LAW "ON SOME ISSUES OF PROVIDING PRIVILEGES TO THE PARTICIPANTS OF FOREIGN
   ECONOMIC ACTIVITIES".
4. THE PROFIT FROM THE MUNICIPAL SECURITIES WILL BE FREED OF THE PROFIT TAX.