| | T-Bill Levy Still in Preparation (Site not responding. Last check: 2007-11-04) |
 | | Yields climbed upward Sunday at the Russian government's first treasury bill auction of the year, although a new 15 percent tax did not apply to the issue because the Finance Ministry has not yet issued instructions for its collection. |
 | | Igor Koftun, deputy head of the securities and financial markets department in the Finance Ministry, said Sunday that the 15 percent levy, theoretically effective from Jan. 1, will probably be collected from T-bill dealers at the time when the notes are redeemed -- a provision that would have the greatest effect on secondary market trading. |
 | | The 15 percent levy was part of a package of revenue bills approved by the State Duma late last month, but the law still awaits a presidential signature, and the Finance Ministry and Tax Service have not yet prepared instructions on who exactly must pay the tax. |
| dev.themoscowtimes.com /stories/1997/01/05/096.html (600 words) |