The Council of the European Union adopted the 14th toolbox of sanctions affecting the intellectual property of Russian applicants and copyright holders. The European Union Intellectual Property Offices are prohibited from accepting applications for registration of intellectual property from Russian citizens, individuals and legal entities registered and residing in Russia. The ban also applies to applications submitted by foreigners together with Russians. 

Until April 30, 2025, the largest Russian exporters must credit at least 40% of foreign currency obtained under foreign trade contracts to their special accounts opened with the authorised banks (previously, the threshold was 60%). 

Three new guides have been approved for tax monitoring: 

- the Business Process Stages Guide, 

- the Guide for Types of Transport and Transportation of Goods, 

- the Guide for Types of Mineral Resources. 

The guides are developed in order to ensure digitalisation & standardisation of information provided by organisations concerning stages of business processes, production, as well as logistics chains. 

The Business Process Stages Guide classifies the stages of business processes in production activities to transmit information on production and logistics chains, chains for providing services or performing work within a group of companies. The Guide for Types of Transport and Transportation of Goods is intended to transmit data on types of transport and transportation of goods used in the movement of minerals, processed products, and finished products. While the Guide for Types of Minerals describes the types of minerals used in production activities.

The Ministry of Health cancels the 2016 order approving the Rules of Good Clinical Practice from September 1, 2024. This is due to the fact that since 2024, clinical trials of medicinal products for human use are carried out in accordance with the rules of good clinical practice approved by the Eurasian Economic Commission.

For the period from January 1, 2025 to January 1, 2031, new rules for collecting environmental fees are planned to be introduced. They will concern manufacturers and importers (as they do now), as well as recyclers. 

Economically significant organisations (ESO) must inform the Ministry of Economic Development about the fact of presence or absence of foreign persons that directly or indirectly own shares (stakes) in these organisations. If such organisations or their subsidiaries are credit or non-credit financial institutions, the information must be sent to the Bank of Russia. 

The RF Ministry of Finance has introduced the IFRS document "International Tax Reform - Pillar Two ‘Model Rules’ (Amendments to IAS 12)". 

Order of the RF Ministry of Finance No. 77n of June 4, 2024 endorsing the IFRS “Lack of Currency Exchange Options (Amendments to IFRS (IAS) 21)” has been put into effect in Russia. 

The document allows organisations to assess whether currency exchange is possible and to determine the current exchange rate by the way of calculation for the cases when exchange is not possible.

The Bank of Russia has issued clarifications on application of a presidential decree on the temporary procedure for fulfilling obligations to certain foreign creditors when a clearing organisation returns to clearing participants (their clients) money transferred as clearing collateral. 

The rules for accreditation of organisations that classify beaches, hotels and ski slopes have been adjusted. 

The ban on supplies of Russian oil and petroleum products to foreign parties, if the contract for these supplies involves the use of a mechanism for fixing the maximum price, has been extended until the end of 2024.

The Bank of Russia has compiled a new list of issuers whose securities issues are registered by the Corporate Relations Department. It also monitors compliance with legislation on joint stock companies and securities. The list includes 632 organisations. 

The Federal Tax Service reports that state registration of changes in the composition of participants in limited liability companies for notarial transactions now takes no more than a day.

It is planned to adjust the procedure for disclosing information in the accounting statements of operators of investment and financial platforms, operators of information systems in which digital financial assets are issued, and operators of the exchange of such assets. 

On June 18, 2024, the State Duma immediately passed the law on rural tourism in the second and third readings. 

The Governmental Commission for Control of Foreign Investments approved the form of application for issuance of permits to Russian exporters that are obliged to sell foreign currency, as well as to their subsidiaries. This concerns directing funds under foreign trade contracts to satisfy demands. Information is provided on the agreement under which there are obligations of the resident to the non-resident, and also the amount of funds in foreign currency and roubles held by the applicant in accounts in Russian and foreign banks.

The Government has adjusted the rules for registering with Rosfinmonitoring organisations that carry out transactions with money or other property, and individual businessmen acting in a sector for which controlling (supervisory) bodies are not provided. 

The procedure is adjusted in terms of sending by employers and customers of work (services) the following notifications:

Measures to ensure the state’s information security to be expanded. Starting from January 1, 2025, governmental agencies, state-owned companies, strategic enterprises and also core institutions will be prohibited both from using information security products (tools, facilities etc.) from unfriendly nations, as well as from using their servers (services, works etc.) to ensure information security. 

To obtain SEZ resident status, instead of a business plan, you need an investment project passport. In this regard, the approximate forms of agreements have been adjusted with respect to industrial & production, technology & innovation, tourism & recreational activities, as well as activities in special economic zones located in ports. A number of other provisions of the agreements have also been clarified.

In connection with the termination (suspension) of organised trading in foreign currency on the Moscow Exchange MICEX - RTS, the Bank of Russia has established a new procedure for the sale of foreign currency received from buyers of Russian gas from unfriendly countries. 

From June 14, 2024, the Bank of Russia temporarily does not hold trading sessions until 9:50 Moscow time on the foreign exchange market and precious metals market, as well as on the derivatives market of Moscow Exchange public joint stock company.