Top news

New arrivals of October 17, 2022

Several international development banks are lifted from foreign exchange ban
Permits for the export of more than $10,000 from the country to be issued by the Central Bank
Transactions with persons from unfriendly countries, related to changing shares in financial sector organisations by more than 1%, will only be possible upon the permit of the Governmental Commission
The Government allocated more than 1.6 billion roubles to support Russian truckers whose cars were confiscated in the Ukraine

New arrivals of October 14, 2022

The Government published a Decision on establishment of a new operator "Sakhalin-1"
Temporary flight restrictions for 11 Russian airports are extended until October 22, 2022
The Government is going to allocate 4.8 billion roubles to stimulate production of oilseeds

New arrivals of October 13, 2022

National open source software repository will appear in Russia
Employees of IT companies will be able to check on the Public Services webportal through the service of checking IT companies‘ accreditation, whether they are entitled to a preferential-term IT mortgage

New arrivals of October 12, 2022

The RF Government allowed the early redemption of ships under leasing agreements
The President allowed the conversion of shares of unfriendly shareholders into shares of the Federal Grid Company of Unified Energy System in the event of a merger of companies
The Federal Tax Service explained how to obtain confirmation of disclosure of information on control over persons of foreign states committing unfriendly actions

New arrivals of October 11, 2022

The ban on imports to Russia of certain types of agricultural products, raw materials and foodstuffs originating from countries that have imposed economic sanctions has been extended for a year
State Services Service for accreditation of IT companies, which takes into account new rules has been updated on the Russian Portal of Government Services
The RF Government has expanded the possibilities of using preferential loans issued for the purchase of priority imported products
The Eurasian Economic Commission has set zero rates of import duties for certain goods imported in order to ensure the stability of the economies of the states of the Eurasian Union

New arrivals of October 10, 2022

Goods for activities in the Antarctic and the Arctic are withdrawn from the export ban and from the export permit procedure
The President signed a decree on the creation of a new operator of the Sakhalin-1 project
Investors have another month to de-convert receipts and transfer Russian securities from abroad
Companies will be able to redeem shares in a simplified procedure to encourage employees
The customs authorities received the authority to conduct an inquiry in criminal cases on crimes related to the withdrawal of capital abroad
The prosecutor will be able to apply to the court with claims to invalidate transactions that were made in circumvention of Russian sanctions
Now state control is extended to foreign investment in the entire field of fisheries

New arrivals of October 7, 2022

Temporary flight restrictions at 11 Russian airports have been extended until October 16
Until the end of the year, the Central Bank will not punish banks if their mobile applications or websites do not have the ability to open an account or deposit, as well as receive a loan using identification through the Unified Biometric System

New arrivals of October 6, 2022

The Ministry of Economic Development has released a navigator on import support measures
Russia imposed sanctions against the former Gazprom gas storage facility in Germany

New arrivals of October 5, 2022

Most businesses will be exempt from inspections in 2023
The RF Government approved the rules for subsidizing and criteria for borrowers, according to which lenders will be reimbursed for part of the lost income when providing "holidays" on loans with a floating rate
The RF Government has excluded the possibility of access to information contained in the monitoring system for the circulation of goods subject to mandatory labelling with identification means in relation to goods imported under parallel imports
The Central Bank has determined the conditions for non-application of measures of influence in relation to management companies of unit investment funds and persons responsible for the termination of unit investment funds
In 2022, the Central Bank will refrain from taking measures against credit institutions due to the restriction of information disclosure

New arrivals of October 4, 2022

Delivery of goods from the EU by road in Russia will be handled by domestic carriers
The Central Bank has updated the questions/answers about the operation of the financial system in the face of sanctions restrictions

New arrivals of October 3, 2022

The Federal Tax Service issued clarifications on the application of a moratorium on audits of compliance with currency laws
Russia remains a member of the International Civil Aviation Organisation and continues to work as part of the organisation
The RF Government banned the transport of goods from the EU, Britain, Norway or Ukraine
The Eurasian Economic Commission extends zero import rates for certain critical imports

New arrivals of September 30, 2022

Individuals were allowed to make gratuitous transactions with real estate of foreign persons from unfriendly states
The RF Government allocated six billion roubles for the development of equipment for gas liquefaction and the production of chemical products
The RF Government allocated another 10 billion roubles to support grain producers
The Central Bank extended for another six months restrictions on the withdrawal of money abroad
Legal entities, regardless of the status of a qualified investor, will be able to buy securities of unfriendly issuers without restrictions
The RF Government allocated 25.6 billion roubles for the restructuring of loans for large businesses

New arrivals of September 29, 2022

The RF Government may prohibit the international road transport of goods across the territory of Russia by cargo vehicles of unfriendly countries
The Ministry of Industry and Trade approved the list of products for which it is not allowed to issue a simplified declaration of conformity
The RF Government will support the purchase of imported equipment necessary for road construction and repair
The EAEU extended the threshold for duty-free import of goods by individuals

New arrivals of September 28, 2022

The effect of zero import customs duty for certain types of containers are extended until February 28, 2023
The Government will support development of technology parks in the electronics industry
The Government has extended the reduced period for issuing permits to defer the payment of customs duties for importers

New arrivals of September 27, 2022

Restrictions on carriage of goods and transit through the territory of Ukraine to all consignees are extended until October 21, 2022
Russia suspended the Agreement with Latvia for the Avoidance of Double Taxation and Prevention of Tax Evasion with Respect to Taxes on Income and Capital

New arrivals of September 26, 2022

The Government extended the simplified procedure for registration of medical devices until 2025
Borrowers subject to sanctions will be able to repay loans in roubles
The Government will allocate 5.5 billion roubles to support entrepreneurship in the Kaliningrad region
The flight restriction regime at airports in the south and central part of Russia is extended until October 4, 2022
Sea carriers will be able to transport goods to the Kaliningrad region and beyond under a reduced rate
In 2022-2023 citizens of the Ukraine, LPR and DPR, that arrived in Russia on an emergency basis may be hired without presenting documents on education

New arrivals of September 23, 2022

The Government extended abolition of weight and size control for carriers of essential goods
Programs of concessional lending to backbone companies in the field of information and communications related to the media industry and housing and communal services have been terminated
The Government instructed to develop a document on software import substitution
It is decided to allocate more funds for social support of citizens that arrived to Russia from Donbass and Ukraine
The Government has simplified the procedure for obtaining permits for construction of the priority infrastructure facilities
It is decided to allocate subsidies for creation of a center for information security in the industrial sector
Amount of appropriations for subsidising preferential loans for backbone organisations of industry and trade has been reduced
The RF Ministry of Foreign Affairs imposed personal sanctions against a number of Canadian citizens

New arrivals of September 22, 2022

The Government has allocated extra 56.2 billion roubles to subsidise preferential mortgage programs
The Central Bank recommended banks and MFIs to grant credit holidays to citizens subject to limited mobilisation
The Governmental Commission is entitled to impose restrictions on the crediting of foreign currency by residents to their accounts opened with foreign banks, as well as on the transfer of funds without opening a bank account
The Government extended the accelerated procedure for concluding special investment contracts until the end of 2023
On September 16, 2022, Russia ceased to be a party to the European Convention on Human Rights

New arrivals of September 21, 2022

Cases are defined when access to some information from the Unified State Register of Legal Entities and GIRBO may be restricted
Non-attendance during the period of mobilisation or martial law may be punished by imprisonment
Foreigners that have entered into a contract to serve in the RF Armed Forces for a period of at least a year will be able to obtain Russian citizenship in a simplified procedure.

New arrivals of September 20, 2022

From December 1, 2022, the Central Bank returns premiums to the risk ratio for mortgage loans on long-term debt with an initial payment of no more than 10%
The Central Bank extended the temporary requirements for preparation of reports by specialised depositories
Flight restrictions at 11 Russian airports are extended until September 28, 2022
The Government extended the possibility of producing cars without ERA-GLONASS system
The Central Securities Depository may not include rouble accounts of type "I" in the reserve liabilities

New arrivals of September 19, 2022

The Government expands measures to support agricultural producers
The Federal Tax Service will take into account the impact of sanctions on the pricing of transactions
The Bank of Russia answered questions about cash withdrawals
The Central Bank extends restrictions on disclosure of information of banks until the end of 2022
The Government allocated more than 8 billion roubles to support industrial enterprises
The Government allocated more than 3.6 billion roubles to the regions for social contracts
The Government allocated 15 billion roubles to support the air traffic management system in Russia
Foreign Ministry imposed personal sanctions against representatives of the military-industrial complex, journalists and municipal deputies of Australia

New arrivals of September 16, 2022

From September 19, 2022, the Bank of Russia has reduced the key rate to 7.50% per annum
Sea carriers will be able to transport goods to the Kaliningrad region and beyond at a reduced rate
The RF Government has additionally extended the deadlines for completing the competence confirmation procedure
Russia and the UN have signed the Memorandum on assistance in promoting Russian food and fertilisers on global markets

New arrivals of September 15, 2022

Residents were allowed to sell real estate to legal entities from unfriendly states
Permission to sell foreign securities to persons from unfriendly countries has been extended
The RF Government clarified the temporary rules for the import of encryption tools and goods containing them
The Federal Tax Service approved an application form for the purposes of the right of a person controlling an unfriendly foreign company to “take over” its participation in a Russian organisation

New arrivals of September 14, 2022

The RF Government has cancelled the payment of a recycling fee for equipment supplied to agricultural producers in the Kaliningrad Region
Temporary flight restrictions at 11 Russian airports extended until September 22
The RF Government instructed to work out the issue of creating additional incentive mechanism for long-term savings of citizens
Deadlines for temporary importation of certain goods into the EAEU have been extended

New arrivals of September 13, 2022

The Central Bank clarified the procedure for transactions (operations) between residents and non-residents of both friendly and unfriendly countries, as well as the features of opening and using accounts of type "C"

New arrivals of September 12, 2022

The Ministry of Industry and Trade approved the procedure for issuing permits for the export of nitric oxide reducing agent in aqueous solution from Russia
The RF Government extended measures to protect the domestic food market
Any official representative of a foreign vehicle manufacturer has the right to be applicants during the type approval of the vehicle until the end of 2024
Granting deferred or installment payment of import customs duties without interest has been extended until the end of 2023

New arrivals of September 9, 2022

The Central Bank extended for six months the ban on banks to take a commission for issuing currency from accounts and deposits of individuals
The President signed a decree establishing a special procedure for transactions with shares in LLC for persons from unfriendly countries
Methodological Recommendations on the application of the peculiarities of labour relations regulation in defence industry organisations have been approved
The Central Bank clarified the procedure for the formation of required reserves for rouble accounts of type "I"

New arrivals of September 8, 2022

Temporary flight restrictions at 11 Russian airports extended until September 16
The program of subsidizing preferential loans to support the production of high-tech products has been expanded
The procedure for paying dividends to a foreign creditor that does not have a special account of type “C” has been clarified
The Central Bank clarifies the administration of restrictions on crediting dividends and profit in foreign currency to foreign accounts
The RF Government has simplified the procedure for obtaining licences for the examination in the area of industrial safety
The Central Bank clarified the use of certain special economic measures
The Central Bank has set temporary requirements for a qualified central counterparty

New arrivals of September 7, 2022

Industrial mortgage program starts in Russia
The Government approved the criteria for a potential buyer of a stake in the Sakhalin-2 operator
The program for subsidising loans from leasing companies for the purchase of domestic aircraft is extended
Regions will receive funds for social payments to citizens of Donbass and Ukraine
Refugees from Ukraine and Donbass will be able to retrain for free in Russia
The Central Bank restricts the sale of securities of unfriendly countries to unqualified investors
The Central Bank clarified applicability of certain special economic measures

New arrivals of September 6, 2022

Russia has cancelled the visa-free regime for visiting the Kuril Islands for citizens of Japan
The President allowed the sale of foreign assets to two Russian companies
The President ordered to extend until 2028 the period of validity of personal income tax exemption with respect to income obtained from the sale of securities in the high-tech sector of the economy
The Ministry of Industry and Trade approved distribution of paper and cardboard volumes allowed for export from Russia among exporters
The Ministry of Foreign Affairs imposed personal sanctions against members of the US Congress, high-ranking officers and certain US citizens

New arrivals of September 5, 2022

Terms of the moratorium on inspections in 2022 are adjusted again
The Government clarified the procedure for fulfilling financial obligations to certain foreign creditors in the field of air transport
The Government clarified the rules for subsidising leasing companies when concluding leasing agreements for specialised equipment at a discount
The Government approved the procedure for providing payments to citizens of the DPR, LPR and Ukraine that had to leave these territories

New arrivals of September 2, 2022

Temporary flight restrictions at 11 Russian airports are extended until September 10, 2022

New arrivals of September 1, 2022

The Government imposed a ban on the export of waste and scrap of precious metals
The Government extended for a year application of the simplified procedure for proving the conformity of imported and manufactured products
Exceptions to the export ban are introduced for certain types of goods subject to permission issued by the RF Ministry of Industry and Trade
The Ministry of Foreign Affairs has introduced personal sanctions against high-ranking officers, politicians and public persons in Canada