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17.10.2025
PROCUREMENT OF AUDIT AND CONSULTING SERVICES FROM RUSSIAN ENTITIES AFFILIATED WITH FOREIGN ENTITIES IS PROHIBITED

It was decided to introduce a ban on the purchase of audit and consulting services from Russian entities affiliated with foreign entities. 

It applies to companies that have foreign persons among their participants (founders) or among persons owning more than 10% of shares or stakes in the authorised (share) capital. 
The decision does not apply to companies from countries of the Eurasian Economic Union.
16.10.2025
TEMPORARY PROCEDURE FOR RESIDENTS TO ACQUIRE EXCLUSIVE RIGHTS TO INTELLECTUAL PROPERTY FROM PERSONS OF UNFRIENDLY STATES HAS BEEN CLARIFIED

The Ministry of Economic Development has clarified the temporary procedure established by the President of the Russian Federation for residents to acquire exclusive rights to the results of intellectual activity or means of individualisation from persons of unfriendly states. 

Among other things, the issues of identifying persons from unfriendly states, fulfilling monetary obligations, using a special O-type account, and obtaining permission from the Government Commission for Control over Foreign Investments to conduct transactions were discussed.
15.10.2025
BANK OF RUSSIA HAS OUTLINED THE NUANCES OF MAKING CROSS-BORDER MONEY TRANSFERS THROUGH THE FASTER PAYMENT SYSTEM (FPS)

When making cross-border money transfers through the FPS, system participants are advised to inform the client of any existing restrictions, prohibitions, or special procedures regarding transactions with non-residents before confirming the actions and to post a summary of them in the payer’s banking application. 

In addition to confirming the transfer, the banking application should also provide the client with the opportunity to provide information necessary for the FPS participant to decide whether the transfer is related to economic measures; whether or not the competent authority has authorised the transaction (deal) for the FPS participant to conduct control.
14.10.2025
ANOTHER FOREIGN ASSET HAS BEEN TRANSFERRED UNDER THE TEMPORARY MANAGEMENT OF THE FEDERAL PROPERTY MANAGEMENT AGENCY

100% of the shares of VONORUS LLC, owned by Silgan Metal Packaging Mitterdorf GMBH (a manufacturer of metal packaging), have been transferred to the temporary management of the Federal Property Management Agency.

13.10.2025
ELECTRONIC SIGNATURE: RECENT ANSWERS FROM THE FEDERAL TAX SERVICE

We present to your attention 10 recent answers from the Federal Tax Service on frequently asked questions regarding electronic signatures. The questions were asked by users through a special service on the website of the Federal Tax Service.

The Federal Tax Service's responses provide information on, among other things, where a lawyer should apply for a certified digital signature; whether a unified register of issued digital signature certificates exists; the minimum age for an individual to obtain a certified electronic signature verification key certificate; whether multiple electronic signature keys for different applicants can be stored on a single key storage device, and more.

10.10.2025
THE CENTRAL BANK OF THE RUSSIAN FEDERATION HAS EXTENDED RESTRICTIONS ON INTERNATIONAL MONEY TRANSFERS FOR ANOTHER SIX MONTHS

Restrictions on international money transfers have been extended until March 31, 2026.

Russian citizens and non-resident individuals from friendly countries will still be able to transfer up to $1 million to any foreign bank account within a month (equivalent in another foreign currency). Limits on transfers through money transfer systems remain in place - no more than 10,000 US dollars per month.
Limits on transfers through money transfer systems are maintained - no more than 10 thousand US dollars per month (equivalent in another foreign currency).
Individuals working in Russia who are non-residents of both friendly and unfriendly countries can transfer salary funds abroad.
The ban on transferring funds abroad remains in place for individuals who are non-residents from unfriendly countries and for legal entities from such countries who do not work in Russia (except for foreign companies controlled by Russian entities).
Banks from unfriendly countries can transfer funds in roubles using correspondent accounts in Russian credit institutions if the payer and recipient accounts are opened in foreign banks.
The specified prohibitions and restrictions do not apply to operations involving the transfer of funds by foreign investors who invest in the Russian financial market from In-type accounts to accounts abroad.
09.10.2025
IT WAS DECIDED TO MAINTAIN RESTRICTIONS ON TRANSFERS OF FUNDS ABROAD BY NON-RESIDENTS FROM UNFRIENDLY COUNTRIES FROM BROKERAGE OR TRUSTEE ACCOUNTS

From October 1, 2025, the Bank of Russia will suspend the transfer of funds abroad by non-residents from unfriendly countries from brokerage or trustee accounts for another 6 months. This applies to both individuals and legal entities. 

The restrictions do not apply to the return of funds abroad by foreign investors (foreign persons acting in their interests) who invest in the Russian financial market. These funds held in In-type accounts with Russian brokers or trust managers.
08.10.2025
PLANNING A HOLIDAY VACATION IN 2026

In 2026, it was decided to move only two days off that fall during the New Year holidays: 

- from Saturday January 3 to Friday January 9;
- from Sunday January 4 to Thursday December 31. 
As a result, employees with a classic five-day work week will have 12 consecutive days off during the New Year holidays - from December 31, 2025 to January 11, 2026. 
Also in 2026, three consecutive days of rest will be: 
- from February 21 to February 23; 
- from March 7 to March 9; 
- from May 1 to May 3; 
- from May 9 to May 11; 
- from June 12 to June 14.
07.10.2025
STARTING IN OCTOBER, THE MY SIGNATURE APP WILL ALLOW YOU TO SIGN TAX RETURNS

The Federal Tax Service announces the expansion of the functionality of the online signing service for electronic documents and tax reports in the My Signature app. It can now be used to send any document to the director of a legal entity or an individual entrepreneur.

In addition, the My Signature app, if you have a verified account in the Unified Biometric System, still allows you to obtain an encrypted and certified digital signature certificate for a legal entity or individual entrepreneur from the Certification Centre of the Federal Tax Service. The application stores a secret key that can be used to sign documents and does not require experience in independently setting up specialised programs on a computer.
06.10.2025
BIRTH CERTIFICATES ARE NO LONGER REQUIRED FOR BORDER CROSSINGS: CHILDREN WILL NEED A PASSPORT

From January 20, 2026, birth certificates will no longer be required for Russian citizens under 14 years of age to travel to Abkhazia, Belarus, Kazakhstan, Kyrgyzstan, or South Ossetia. 

After January 20, 2026, entry into Russia using this document will only be possible for those children who travelled abroad using a birth certificate before this date. 
Also, from January 20, the possibility of obtaining a certificate of entry (return) to Russia in exchange for a birth certificate at Russian consular offices in the territories of the specified countries will be cancelled if the birth certificate has been lost, has become unusable, or if the child has reached the age of 14 during its stay abroad. 
The Ministry of Foreign Affairs recommends that children obtain international passports in a timely manner.
03.10.2025
ROSFINMONITORING DRAWS THE ATTENTION OF PAYMENT ACCEPTANCE OPERATORS TO CHANGES IN THE REGULATION AND SUPERVISION OF THEIR ACTIVITIES

Starting from October 1, 2025, regulation and supervision of the activities of payment acceptance operators, including compliance with anti-money laundering and counter-terrorist financing (AML/CFT) requirements, to be carried out by the Bank of Russia.

On October 1, 2025, Rosfinmonitoring will proactively remove all payment acceptance operators from its register. 
If operators have a personal account on the Rosfinmonitoring website, re-registration will not be necessary; the functionality will be updated automatically (including replacement of forms of formalised electronic messages).
There is no need to submit applications to Rosfinmonitoring for deregistration or to request changes in the personal account.
02.10.2025
OUTBOUND TOURISM: CREDIT RATING LEVELS OF BANKS FOR THE PLACEMENT OF RESERVE FUND ASSETS HAVE BEEN DETERMINED

Amendments have been made to the Tourism Law, according to which credit institutions in which the funds of the reserve fund of the association of tour operators in the field of outbound tourism may be placed must comply only with the requirements for the level of credit rating under the national rating scale. The Government has determined this level. The previous criteria for selecting credit institutions for these purposes are no longer valid

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.

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