FEDERAL LAW NO. 141-FZ OF JULY 8, 1999
                   ON TAX ON SPECIFIC KINDS OF VEHICLES
          (with the Amendments and Additions of August 5, 2000)

Adopted
by the State Duma                                           June 25, 1999

Approved
by the Federation Council                                    July 2, 1999



     Article 1. General
     The  present Federal Law enacts a tax on specific kinds of  vehicles
(hereinafter  referred  to  as  "the  tax"),  namely,  cars  with  engine
displacement  over  2,500  cubic  cm,  excluding  four-wheel  drive  cars
manufactured on the territory of the Russian Federation and also the cars
manufactured 25 years and more prior to tax payment date.

     Article 2. Payers of the Tax
     The following are deemed payers of the tax (hereinafter referred  to
as "taxpayers"): organizations being legal entities under the legislation
of the Russian Federation, foreign organizations located on the territory
of  the Russian Federation  and natural persons who are the owners of the
vehicles specified in Article 1 of the present Federal Law or who operate
such vehicles by powers of attorney.

     Article 3. Tax Basis
     The  tax basis is the vehicles specified in Article 1 of the present
Federal  Law  with  their  whereabouts on the territory  of  the  Russian
Federation  and  subject  to registration under the  legislation  of  the
Russian Federation.

     Article 4. Tax Base
     The  tax  base in respect of the vehicles being tax basis  shall  be
determined  as  the  engine displacement volume of  a  vehicle  in  cubic
centimeters.

     Article 5. Tax Period
     As  it  concerns the tax, the tax period is one year beginning  from
the date when the present Federal Law comes into force.

     Article 6. Tax Rates
     1. Tax rates shall be set as follows:

-------------------------------------------------------------------------
The Kinds of Vehicles             Tax Rate per
and Engine Displacement           Engine Displacement Unit
-------------------------------------------------------------------------
Cars with engine
displacement
of over 2,500
through 3,000 cu. cm              2 roubles

over 3,000 cu. cm                 3 roubles

     2. The tax rates specified under Item 1 of the present Article shall
apply  with  the coefficient 0.4 to the cars manufactured  ten  and  more
years prior to tax payment date, and with the coefficient 0.7 to the cars
manufactured five and more (but not over 10 years) prior to  tax  payment
date.

     Article 7.  Procedure for Tax Computation
     The  tax  shall be computed by taxpayers on their own in respect  of
each  vehicle  proceeding from the tax base and tax rate set  per  engine
displacement unit.



     Article 8. Tax Payment Term
     The taxpayers being organizations shall pay the tax before September
1 of the calendar year.
     The taxpayers being natural persons shall pay the tax before October
1 of the calendar year.

     Article 9. Taxpayers' Liability and Control by the Tax Bodies
     1.  The  responsibility for the correctness of tax  computation  and
proper  timing  of  tax  payment is hereby vested in  the  taxpayers  and
officials of organizations.
     2.  In  the  event of violation of the present Federal Law taxpayers
and  the officials of organizations shall be liable under the legislation
of the Russian Federation.
     3.   The  tax  bodies  acting  within  their  competence  shall   be
responsible  for  monitoring the correctness of the computation  and  the
proper timing of tax payment for the benefit of the budget.

     Article 10. Entering Tax Amounts
     Tax amounts shall be entered as revenue in the federal budget.

     Article 11. Putting Into Force the Present Federal Law
     The  present Federal Law shall come into force as of the date of the
official publication thereof.
     The  President of the Russian Federation is hereby proposed and  the
government of the Russian Federation is hereby instructed to bring  their
regulatory legal acts in conformity with the present Federal Law.

President
of the Russian Federation                                       B.Yeltsin

Moscow, the Kremlin