24.07.2026

THE FEDERAL ACCOUNTING STANDARD FOR EXPENSES HAS BEEN ESTABLISHED

FSBU 10/2026 "Expenses" has been approved. It will be applied starting from the reporting period of 2027 and will replace PBU 10/99 “Expenses of an Organisation”. The standard includes requirements for the compilation of accounting information on expenses of economic entities (except for state-funded organisations). Non-profit organisations, with the exception of state-funded organisations, must compile information on expenses from entrepreneurial and other activities in accounting in accordance with the provisions of the standard.

23.07.2026

NEW ANTI-CYBER FRAUD MEASURES APPROVED

A second package of measures aimed at combating cyber fraud has been enacted. The new measures include the following:

- introducing the option for individuals to impose a self-restriction on incoming international calls;

- amending the Law on Communications to allow individual subscribers to notify their telecommunications operator that the subscriber number assigned to them has been transferred for use by their minor child;

- requiring mobile network operators to submit to the State Information System for Countering Offences Committed Using Information and Communication Technologies (GIS KSIM) information on subscriber numbers assigned to virtual private branch exchanges and the corresponding network addresses. The information will be used to monitor operators' compliance with their obligation to verify the accuracy of subscriber information and the information relating to users of communications services provided to corporate subscribers and individual entrepreneurs;

- establishing a general limit on the number of payment cards that a money transfer service provider may issue to an individual customer, with the aggregate limit set at 20 payment cards per individual.

22.07.2026

AN EXPERIMENT HAS BEGUN ON REGISTRATION OF SNILS (INDIVIDUAL INSURANCE ACCOUNT NUMBER), ISSUANCE OF CERTIFIED CERTIFICATES OF ELECTRONIC SIGNATURE VERIFICATION KEYS AND PROVISION OF PUBLIC SERVICES TO CITIZENS OF THE RUSSIAN FEDERATION ABROAD

From July 1, 2026 to December 31, 2027, an experiment will be conducted to implement the possibility of registering Russian citizens in the individual (personalised) record-keeping system, obtaining certified certificates of electronic signature verification keys by Russian citizens outside Russia, and providing them with public and other services.

The experiment is being conducted in 12 countries (Armenia, Vietnam, India, Indonesia, Kazakhstan, Kyrgyzstan, China, Malaysia, the UAE, Serbia, Turkey and Uzbekistan).

21.07.2026

EAEU TECHNICAL REGULATIONS ON THE SAFETY OF ALCOHOLIC BEVERAGES - ENTRY INTO FORCE POSTPONED UNTIL JANUARY 1, 2027

The entry into force of the Eurasian Economic Union (EAEU) Technical Regulation on the Safety of Alcoholic Beverages, originally scheduled for 1 July 2026, has been postponed until 1 January 2027.

The Regulation establishes:

- requirements for alcoholic beverages placed on the market in the EAEU member states;

- related requirements governing the production, storage, transportation, distribution and disposal of such products; and

- packaging and labelling requirements intended to facilitate the free movement of alcoholic beverages within the EAEU.

The Regulations shall not apply to alcoholic beverages transported in transit through the EAEU; products manufactured for scientific purposes; or products containing ethyl alcohol that are included into a special exemption list (such as confectionery, kvass, fermented dairy products, beer with an alcohol content not exceeding 0.5%, etc.)

20.07.2026

THE TRANSFER OF HUMAN GENETIC DATA OUTSIDE THE RUSSIAN FEDERATION HAS BEEN REGULATED

Previously, the transfer of human genetic data abroad was restricted. It is only possible for the purpose of providing medical care to a specific patient, developing and manufacturing medicinal products and biomedical cell products for the patient, as well as within the framework of international cooperation. The Procedure has been approved.

To transfer genetic data outside the Russian Federation (with the exception of certain cases), permission from an interdepartmental commission is required. The Regulations regarding it have been approved.

17.07.2026

BAN ON OIL SUPPLIES UNDER "PRICE CAP" CONTRACTS EXTENDED

The ban on supplying Russian crude oil and petroleum products to foreign persons has been extended through December 31, 2027 where the relevant supply contracts provide for the use of a price cap mechanism.

16.07.2026

GOVERNMENT ISSUES INSTRUCTIONS ON THE DEVELOPMENT OF DIGITAL PLATFORMS

Russia will develop a strategy for the development of the digital platform sector, including platforms involving state participation. The strategy should establish common requirements for the following:

- the types of data used by digital platforms;

- standard digital platform architectures;

- security requirements applicable to such platforms; and

- the use of artificial intelligence by such platforms.

The relevant ministries and the Russian Export Center must submit proposals on priority areas for platform-based transformation of sectors and industries, taking into account the expected economic effects and the impact on labour productivity growth.

The Ministry of Economic Development and the Ministry of Digital Development, Communications and Mass Media are tasked with prioritising the creation of digital platforms in certain sectors of the economy with state participation, including identifying industries where government involvement may be particularly effective.

15.07.2026

PARENTS ARE GRANTED ACCESS TO BANK STATEMENTS FOR ACCOUNTS AND DEPOSITS OF MINOR CHILDREN AGED 14 TO 18

On July 1, 2026, amendments to the Law on Banks and Banking Activities adopted in the summer of 2025 entered into force, granting legal representatives of minors aged 14 to 18 the right to obtain statements and information regarding their children's bank accounts and deposits. This provision does not apply where a minor has acquired full legal capacity as a result of marriage or emancipation.

Such statements will be issued based on information on the minor's legal representatives contained in the Unified Centralised Digital Platform in the Social Sphere and obtained by banks through the interdepartmental electronic information exchange system.

Where such information is unavailable in the digital platform, banks may rely on a birth certificate; an adoption certificate; or an act of a guardianship and trusteeship authority appointing a trustee.

14.07.2026

PACKAGE OF ANTI-TOBACCO LEGAL AMENDMENTS

The amendments introduce such measures as:

- licensing of retail sales (including mobile sales) of tobacco and nicotine-containing products. Licensing requirements will include, among other things, the availability of retail premises with a minimum area of 5 sq. m.;

- licensing of wholesale tobacco trade, including the purchase, storage and supply of tobacco products, nicotine-containing products and related raw materials;

- changes to restrictions on retail tobacco sales near schools and kindergartens. Under the new rules, the boundaries of restricted areas will be determined by cities of federal significance;

- from March 1, 2027 to March 1, 2032, any Russian region and the federal territory of Sirius will have the right to introduce, at its discretion, a complete ban on retail sales of electronic vaping devices and any liquids intended for use with such devices.

13.07.2026

CHEMICAL PRODUCT SAFETY REQUIREMENTS TO BE ESTABLISHED UNDER TECHNICAL REGULATIONS

The Government approved the technical regulation on the safety of chemical products.

The regulation establishes the following:

- requirements for products placed into circulation in Russia;

- conformity assessment procedures and forms;

- product identification rules;

- terminology requirements;

- packaging and labelling requirements, including rules for applying labels.

The regulations also specifies the list of products subject to its requirements and the list of exceptions.

10.07.2026

THE BANK OF RUSSIA HAS CLARIFIED THE MODE FOR C-TYPE ACCOUNTS

Amendments and additions have been made to the provisions relating to the mode:

- C-type bank account;

- C-type depo account and C-type depo sub-account;

- C-type brokerage account;

- special C-type brokerage account;

- C-type trust management bank account.

09.07.2026

ON TAXATION OF MINING ACTIVITIES

Individuals and individual entrepreneurs who use the general taxation system are required to declare income from digital currency mining by April 30 of the year following the receipt of income and pay the corresponding amount of personal income tax by July 15.

In this case, the income received can be reduced by a property deduction in the amount of expenses associated with mining activities. Expenses must be confirmed with documentation, for example, by presenting payment documents for the purchase of equipment or payment for electricity.

For the purposes of calculating and paying personal income tax, the status of an individual or individual entrepreneur is irrelevant (with the exception of the specifics of payment of advance tax payments by entrepreneurs).

08.07.2026

WEBSITE OWNERS WILL BE FINED FOR LACK OF USER AUTHORISATION

Administrative liability has been established for owners of information resources for failure to comply with the obligation to authorise users when providing access to information, the requirements of legislation for the use of recommendation technologies and the requirements of the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications to stop providing information using them. Administrative liability has been established for telecom operators for violating the rules of interaction with agencies carrying out operational investigative activities or ensuring the security of Russia when installing the System for Operational Investigative Activities.

07.07.2026

THE LIST OF ENTRY/EXIT CHECKPOINTS FOR FOREIGNERS WITH A SINGLE ELECTRONIC VISA HAS BEEN EXPANDED

The list of checkpoints across the state border for entry and exit of foreigners on the basis of a single electronic visa has been supplemented by the Kani-Kurgan road checkpoint and the Yakutsk air checkpoint.

06.07.2026

RULES FOR HANDLING WASTE MERCURY-CONTAINING LAMPS HAVE BEEN REVISED

The procedure for handling production and consumption waste related to lighting devices and electric lamps containing mercury or its compounds has been updated.

In particular, the rules for the collection, transportation, disposal and disposal of used mercury-containing lamps have been defined.

In particular, the rules for the collection, transportation, disposal and neutralisation of used mercury-containing lamps have been defined. The burial ground dispersion of the latter is prohibited.

03.07.2026

THE KEY RATE HAS BEEN REDUCED TO 14.25% PER ANNUM

On June 19, 2026, the Bank of Russia decided to lower the key rate by 25 bps to 14.25% per annum.

The Central Bank of the Russian Federation will assess the advisability of further reduction of the key rate depending on the sustainability of the slowdown in inflation, the dynamics of inflation expectations, as well as the assessment of risks from external and internal conditions. According to the forecast of the Bank of Russia, taking into account the current monetary policy, annual inflation will decrease to 4.5-5.5% in 2026.

02.07.2026

RUSSIA PREVAILS IN INTERNATIONAL ARBITRATION ON COASTAL STATE RIGHTS IN THE BLACK SEA, SEA OF AZOV, AND KERCH STRAIT

The Permanent Court of Arbitration in The Hague has announced its final decision in the 10-year arbitration dispute between Russia and Ukraine concerning coastal state rights in the Kerch Strait, Sea of Azov, and the waters of the Black Sea around Crimea. The arbitral tribunal delivered a unanimous ruling, marking a decisive victory for Russia.

Ukraine’s numerous claims, including allegations that Russia violated dozens of articles of the United Nations Convention on the Law of the Sea (UNCLOS), were rejected in full.

For the first time in history, a legally binding decision has formally recognised the status of the Kerch Strait and the Sea of Azov as internal waters forming part of sovereign State territory.

The tribunal rejected Ukraine’s claims seeking restoration of control over hydrocarbon, fishery and other resources in the waters surrounding Crimea and the Azov region, as well as any claims for “compensation” and “reparations”.

The demand for dismantling the Crimean Bridge was also rejected. The allegations that Russia had breached its obligations concerning the preservation of underwater cultural heritage were found to be unsubstantiated. The tribunal dismissed all claims alleging environmental damage caused by Russia.

01.07.2026

FORMATS OF SUPPORTING DOCUMENTS FOR FOREIGN EXCHANGE TRANSACTIONS HAVE BEEN ESTABLISHED

From July 4, 2026, the procedure for residents and non-residents to submit supporting documents and information to authorised banks when making foreign exchange transactions will change. The structure of the name, formats and structures of electronic documents are indicated. The rules for the formation and submission by an authorised bank or a branch of a foreign bank of a request to the Bank of Russia for the provision of a statement of banking control under a contract (loan agreement), as well as the procedure for submitting such a statement have been established. Information security procedures are described. Information security procedures are described.

30.06.2026

AI IN THE FINANCIAL MARKET: POSSIBLE THREATS AND PROTECTIVE MEASURES

Methodological Recommendations have been prepared for financial institutions to help ensure information security when using artificial intelligence (AI) technologies.

The document systematizes the risks of using AI, describes possible tactics of attack by intruders on AI systems, and provides recommendations for protective measures. For example, if a financial institution uses AI in critical processes with high information security risks, particularly in payment transactions, it is recommended that the transaction be confirmed by an employee. For example, if a financial institution uses AI in critical processes with high information security risks, particularly in payment transactions, it is recommended that the transaction be confirmed by an employee.

Market participants are also advised to develop their own threat models and information security policies for working with AI. The deputy head of the organisation for information security is responsible for the preparation of these internal documents.

One of the sections is devoted to information security when using AI services provided by service providers. For example, if a vendor has an AI model that participates in a vulnerability detection program, it increases its credibility.

29.06.2026

RUSSIAN GOVERNMENT EXTENDS EXCISE TAX PAYMENT DEADLINES FOR ALCOHOLIC PRODUCTS WITH AN ALCOHOL CONTENT EXCEEDING 18%

Deadlines for payment of excise tax in respect of alcoholic products with an ethyl alcohol content exceeding 18% by volume falling due during the period from July 1 to August 31, 2026 have been extended until December 28, 2026.

The deadline for payment of advance excise tax in respect of such products falling due during the period from July 1 to November 30, 2026 has likewise been extended until December 28, 2026.

The extension is conditional upon submission to the tax authority, by July 25, 2026 and by August 25, 2026, respectively, of bank guarantees covering the amount of the deferred excise tax (advance payment).

The validity period of the bank guarantee must expire no earlier than on March 1, 2027.