The statutory minimum level of salary amount payable per month to employees, regardless of his occupation. It is established at the federal level in respect of the whole country, but increased minimum amounts may be established at the regional level.

Audit generally conducted at the taxpayer's premises, initiated by decision of the head (or deputy head) of the tax office at which the taxpayer is registered.

Optional stage of insolvency proceedings aimed at restoring the debtor to financial health  and satisfying the creditors’ claims in accordance with a debt repayment schedule, includes an appointment by court of an administrative manager, however the debtor’s management remains in place.

Type of liquidated damages, a one-time payment made in the event of breach of contract (e.g. RUB 100 or 20% of the total contract price upon a breach).

Employment contract concluded on an exceptional basis for a fixed term (no longer than 5 years) in occasions specifically provided for by the Russian Labor Code, e.g. for the purposes of fulfilment of a certain task determined in the employment contract. 

Contract between two parties comprising main contractual terms with further details to be agreed in the future.