Wide implementation of the digital rouble to begin on September 1, 2026

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01.10.2025
TOUR OPERATOR LIABILITY FUNDS MAY ONLY BE PLACED IN BANKS MEETING RATING REQUIREMENTS

New requirements are being established for credit institutions regarding the placement of funds from the personal liability fund of tour operators in the field of outbound tourism.

A bank must simultaneously have at least two credit ratings not lower than a specified level under the national rating scale.
30.09.2025
GOVERNMENT HAS DEFINED CASES IN WHICH A DIGITAL PASSPORT MAY BE PRESENTED VIA THE GOSUSLUGI MOBILE APP INSTEAD OF THE PAPER PASSPORT

In certain situations, citizens will be able to confirm their identity (that is to present their Russian passport) using the Gosuslugi mobile app. 

For example, to confirm age in stores when purchasing alcohol, tobacco products, or energy drinks; when visiting museums and entertainment events; when purchasing SIM cards; when checking in into hotels; and during in-person appointments at multifunctional centers (MFCs). Also some more cases are provided. 
Presenting a digital passport is legally equivalent to presenting a paper passport.
29.09.2025
QR CODES FROM GOSUSLUGI TO BE USED ON PAR WITH A PASSPORT

Via the ‘GosDoki’ service on Gosuslugi, a new feature will soon allow users to generate a QR code, which in certain cases may be presented instead of a passport if necessary. The scope of QR code use will expand as organisations connect to the GosDoki service - the QR code can only be presented subject to such connection.

At the first stage, the QR code can be used in cinemas and museums, for entry into office centers with access control systems, as well as when purchasing age-restricted goods (18+), and when sending or receiving parcels. Later, it will become possible to use it in MFCs, hotels, private medical organisations, and mobile operator outlets. When the QR code is checked, only the necessary data will be displayed.
‘GosDoki’ and Digital ID in Max are analogues of paper documents. However, the situations in which they may be used are determined by different regulatory documents and therefore may differ.
26.09.2025
THE KEY RATE HAS BEEN REDUCED TO 17% PER ANNUM
On September 12, 2025, the Bank of Russia decided to cut the key rate by 100 bps to 17% per annum. 
The Central Bank of the Russian Federation will maintain the tightness of monetary conditions that is necessary to return inflation to the target in 2026. According to the Bank of Russia's forecast, annual inflation will fall to 6-7% in 2025 and return to 4% in 2026.
 
25.09.2025
THE MINISTRY OF FINANCE CLARIFIED THE INNOVATIONS IN INCOME ACCOUNTING IN CONNECTION WITH THE INTRODUCTION OF THE FEDERAL ACCOUNTING STANDARDS (FAS)
The Ministry of Finance announces the development of FAS 9/2025 "Revenue" to replace PBU 9/99 "Revenue" and PBU 2/2008 "Accounting for Construction Contracts". The scope of the standard has been clarified. A number of innovations were noted in terms of income accounting, receipts to accounts, revenue, accounting for several related contracts, disclosure of information in financial statements, and accounting methods. 
Organisations are required to apply FAS 9/2025 starting with financial statements for 2027. This is also possible ahead of schedule.
 
24.09.2025
EURASIAN ECONOMIC COMMISSION (EEC) COUNCIL UPDATED THE EAEU GOOD CLINICAL PRACTICE (GCP) RULES
The GCP rules have been revised. The document was prepared based on the ICH GCP (Good Clinical Practice Guidelines), that is document E6 (R2) of the International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use. 
These rules must be followed in all drug trials, the data from which are submitted to authorised bodies (expert organisations) of member states. The principles they establish also apply to other clinical trials that may impact the safety and well-being of human subjects.
23.09.2025
RULES FOR THE CIRCULATION OF INVESTMENT PRECIOUS METALS HAVE BEEN CLARIFIED
The Russian Government has adjusted the requirements for investment precious metals and the regulations for their circulation. 
In particular, it has been established that accompanying documents on the quality of the ingot (certificate or passport) can be issued in paper or electronic form in the State Information System of Precious Metals (GIIS DMDK). 
Refineries are now able to purchase investment precious metals under agency agreements, commission agreements, and contracts with organisations licensed to purchase precious metal and/or stone products and scrap from the public.
22.09.2025
ON THE MARKING OF AUTOMOTIVE OILS, ANTIFREEZES, AND BRAKE FLUIDS
The Eurasian Economic Commission has established a list of lubricating oils, lubricants and special automotive fluids subject to marking by means of identification.
The EAEU countries determine the date of introduction and the procedure for marking these goods on their territory independently. However, the ban on the circulation of unmarked goods cannot be introduced before September 1, 2025.
19.09.2025
FORMATS ‘TORG-12’ AND ‘CERTIFICATE OF COMPLETION OF WORK’ - FEDERAL TAX SERVICE HAS ONCE AGAIN COMMENTED UPON THE CANCELLATION
From January 1, 2026, taxpayers will not be able to exchange electronic documents compiled in the formats (consignment note and certificate of completion of work) through EDI operators, due to the entry into force of Order of the Federal Tax Service No. ED-7-26/28@ of January 20, 2025. 
The changes will only affect those taxpayers that currently accept and send TORG-12 and certificates of completion of work under the formats provided for in Orders of the Federal Tax Service No. MMV-7-10/551 and No. MMV-7-10/552 of November 30, 2015. 
Acts and consignment notes can be formed in electronic form using the universal transfer document (UTD) format 5.03 (approved by Order of the Federal Tax Service No. ED-7-26/970@ of December 19, 2023), which is multifunctional and combines a primary accounting document and an invoice. It also is allowed to use UDT both for the simultaneous generation of a consignment note and an act together with an invoice, and separately. 
However, even after January 1, 2026, it will be possible to create primary accounting documents in the form of unformalised electronic documents, as well as on paper. The cancellation of the Orders does not cover paper forms of the consignment note and the act of services rendered. For example, if you currently exchange paper acts and electronic invoices, you’ll be able to go on working in the same way in 2026.
18.09.2025
TAX LEGISLATION PROVIDES INCENTIVES FOR THE DEVELOPMENT OF INNOVATIVE AND SCIENTIFIC AND TECHNICAL ACTIVITIES
The Ministry of Finance has considered a proposal to exclude expenses from the taxable base for profits related to innovative activities, research and development (R&D), especially with the participation of young engineers from secondary specialised schools and universities. 
It has been explained what incentives for the development of innovative and scientific and technical (scientific and technological) activities, allowing savings on income tax, are already provided for by law. 
In addition, from 2025, a reduced rate of income tax in terms of transfers to regional budgets may be established for Russian organisations included in the register of small technology companies.
 
17.09.2025
RESTRICTIONS ON WITHDRAWAL OF FOREIGN CURRENCY IN CASH HAVE BEEN EXTENDED UNTIL MARCH 9, 2026

For citizens who had a foreign currency account or deposit opened before March 9, 2022, the limit on currency withdrawal remains in the amount of the balance of funds as of 00:00 Moscow time on that date, but not more than 10 thousand US dollars or the equivalent amount in euros, regardless of the currency of the deposit or account. 

The remaining funds can be received in roubles. 

The ban on charging citizens a commission for issuing foreign currency from accounts or deposits has been retained for banks for six months. 

Currency transfers without opening an account and via electronic wallets may be issued only in roubles. 

Non-resident legal entities will not be issued cash in US dollars, euros, pounds sterling or Japanese yen until March 9, 2026. There are no restrictions for other currencies. 

Resident legal entities can withdraw US dollars, euros, pounds sterling or Japanese yen from their accounts for six months only for travel expenses. There are no restrictions on other currencies.

16.09.2025
LAWYERS, NOTARIES, AND PERSONS PROVIDING LEGAL SERVICES SHOULD UPDATE, AT THE LATEST ON SEPTEMBER 16, 2025, THEIR INTERNAL CONTROL RULES DEVELOPED FOR AML/CFT PURPOSES

On August 16, 2025, new requirements came into force for internal control rules developed in pursuance of anti-money laundering legislation by the following persons: 

- lawyers, 

- trustees (managers) of a foreign structure without forming a legal entity, 

- executive bodies of a personal fund (except for an inheritance fund), including an international personal fund (except for an international inheritance fund), 

- persons engaged in entrepreneurial activities in the field of providing legal or accounting services, 

- persons mining digital currency (including participants in a mining pool), 

- persons organising the activities of a mining pool, 

- notaries, audit organisations and individual auditors.

15.09.2025
CHINA INTRODUCES VISA-FREE REGIME FOR RUSSIAN NATIONALS

From September 15, 2025 to September 14, 2026, the Chinese authorities will unilaterally introduce a visa-free entry regime for up to 30 days for Russian citizens arriving for tourism or business purposes, private visits, or for transit travel.

12.09.2025
REGISTER OF ADMINISTRATORS OF FINANCIAL AND COMMODITY BENCHMARKS IS LAUNCHED

As of September 1, 2025, the Bank of Russia admits administrators of financial and commodity benchmarks to the financial market and maintains the corresponding register. Inclusion in the register is voluntary. However, regulatory documents of government authorities and the Bank of Russia may only use benchmarks that are listed in the register.

11.09.2025
TEMPORARY ADMINISTRATION INTRODUCED FOR THE ASSETS OF AIR LIQUIDE RUSSIE

The assets of Air Liquide Russie have been placed under temporary administration by LLC M-Logistika.

10.09.2025
FEDERAL TAX SERVICE HAS UPDATED THE REQUIREMENTS FOR THE PREPARATION OF DOCUMENTS FOR THE REGISTRATION OF LEGAL ENTITIES AND INDIVIDUAL ENTREPRENEURS IN TERMS OF INDICATING OKVED CODES

This is due to the amendments that came into force on September 1, which changed the rules for recording information on types of economic activities carried out by organisations and individual entrepreneurs in the Unified State Register of Legal Entities and the Unified State Register of Individual Entrepreneurs. The new procedure assumes that the registers contain information on OKVED codes of two types: declarative and reporting. The declarative type information is submitted to the registration authority by the applicant when performing registration actions, and the reporting type information will be entered into the registers by the registration authority itself based on data submitted by the Federal Service of State Statistics starting in 2026.

Taking into account the above amendments, the Federal Tax Service has clarified the requirements for filling out application forms submitted to the registration authority when creating legal entities or registering individual entrepreneurs, as well as when making changes to information about them included in the Unified State Register of Legal Entities or the Unified State Register of Individual Entrepreneurs.
09.09.2025
BANKS ARE REQUIRED TO DISCLOSE THE REASONS FOR BLOCKING CARDS AND/OR SUSPENDING ACCOUNT TRANSACTIONS

Bank customers whose accounts or cards have been suspended or access to remote banking services (e.g. mobile application) has been restricted should know the grounds for this and what to do to restore service. This was reported in the information letter of the Bank of Russia.

Thus, banks must provide full information to their clients on the basis of which federal law and in accordance with which of its provisions the decision was taken. Banks should clearly distinguish between the requirements of Federal Law No. 161-FZ on the National Payment System, aimed at combating fraudulent transactions, and Federal Law No. 115-FZ on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism. It is important that banks inform clients of what they need to do to protect their rights and lift restrictions.
08.09.2025
CASH WITHDRAWALS AT ATMS AND FINANCIAL GUARDIANSHIP: NEW SECURITY MEASURES ARE PROVIDED FOR INDIVIDUALS

Pursuant to the amendments effective from September 1, 2025, a number of new measures have been introduced to protect bank customers from fraudulent account transactions, including those carried out using ATMs.

Before dispensing cash at an ATM, a credit institution must verify whether there are indications that the transaction is being carried out without the customer’s voluntary consent (under the influence of fraudsters or by the fraudsters themselves).
Moreover, restrictions on cash withdrawals to be applicable  if the credit institution obtains information from the Bank of Russia that the customer or their card is listed in the fraud operations database. In such cases, the withdrawal limit will be 100,000 roubles per month and will remain in effect as long as the relevant information is present in the database.
Another measure aimed at protecting citizens from fraud is the option, by agreement with the bank, to appoint a designated person to confirm the customer’s instructions regarding withdrawals from their account (or deposit), including through ATMs, as well as transfers to third parties. The customer may also define specific criteria for transactions for which confirmation is necessary.
05.09.2025
FROM SEPTEMBER 1, 2025, THE CHARTER OF AN LLC WILL BE ABLE TO LIMIT THE PREEMPTIVE RIGHT OF PARTICIPANTS TO ACQUIRE A SHARE

Starting from the specified date, the company's charter may provide that the rules on the pre-emptive right of purchase do not apply to all or individual participants specified in the charter. In addition, the exercise of this right may be subject to certain circumstances or a period.

The procedure for inclusion and exclusion of relevant rules in the charter has been established. Thus, they can be provided for when establishing the company or subsequently - by a decision of the general meeting adopted unanimously. The fact of adoption of this decision must be certified by a notary. The fact that this decision has been taken must be certified by a notary.
The restrictions on pre-emptive rights established for individual participants defined by the charter will not "follow" the share. In the event of alienation of shares to third parties or other participants, the restrictions on preemptive rights established for individual participants, as defined by the charter, shall lose force and shall not apply to the new owner of the share.
04.09.2025
FROM SEPTEMBER 1, 2025, CONSENT TO THE PROCESSING OF PERSONAL DATA MUST BE DRAWN UP SEPARATELY FROM OTHER DOCUMENTS

On September 1, 2025, the June amendments to the Law on Personal Data will enter into force, introducing a new requirement for consent to the processing of personal data: such consent must be drawn up separately from other information and (or) documents that are confirmed and (or) signed by the subject of personal data.

03.09.2025
AUGUST AMENDMENTS TO AUDIT LAW: A COMMENTARY PROVIDED BY THE MINISTRY OF FINANCE

The Russian Ministry of Finance reports on two new developments in the field of auditing:

1) Decision of the Government of the Russian Federation No. 1181 clarifies the procedure for external oversight of audit firms providing services to public interest entities. In particular, scheduled inspections of audit firms serving public interest entities classified as medium risk have been abolished.

2) Federal Law No. 236-FZ, effective from August 3, 2025, specifies administrative liability for obstructing the lawful activities of an official of the Federal Treasury. A table of fines has been introduced.

 

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