Powers of the Governmental Commission for Control over Foreign Investments in the Russian Federation to be expanded. The Commission, among other things, will issue statements on the existence of circumstances under which exercising corporate rights with respect to an economically significant organisation by a foreign legal entity that is not a foreign holding company is suspended. The procedure for issuing such statements will be established.

The Law on Personal Data has been supplemented with new provisions providing for the provision of anonymised personal data to the state information system of the ministry by personal data operators at the request of the Ministry of Digital Development, Communications and Mass Media, which will be determined by the Government of the Russian Federation.

Bankruptcy procedures for banks, insurance companies and non-governmental pension funds, for which the Deposit Insurance Agency is the bankruptcy commissioner, have been adjusted. We are talking about the fulfilment of the obligations of a financial company at the expense of funds provided by their founders (participants) or a third party in bankruptcy proceedings. Such features are introduced for insurers and non-governmental pension funds, and these features are changed for banks.

Concepts of mining and mining pool, as well as requirements for them will be legally enshrined. Requirements for operators of the mining infrastructure are established, as well as procedure for circulation of digital currency in Russia. 

From September 1, 2024, amendments come into effect according to which if an LLC decides to elect a new head (CEO), this must be certified by a notary. The notary will sign and send in electronic form an application for making changes into the Unified State Register of Legal Entities to a registration authority. 

It is planned to determine the only way for participants in the experimental legal regime in the area of digital innovations in the financial market to interact with the Bank of Russia - through a personal account, the link to which is posted on the regulator’s website.

Participants in the program for the voluntary resettlement of compatriots to Russia can obtain a residence permit without a temporary residence permit. An application for its issuance can be submitted to the diplomatic mission or consulate of Russia in the country in which the application for participation in the program was submitted. The territorial body of the Ministry of Internal Affairs for the region selected for resettlement will issue a residence permit after fingerprinting, photographing and submission of medical documents. A residence permit will be cancelled upon loss of the program participant status.

The Bank of Russia's Board of Directors has decided to raise the key rate by 200 bps to 18.00% per annum. This is the first rate increase this year.

The Federal Tax Service explains that an international company created through incorporation is a currency resident. Such a company is subject to all requirements of the Law on Currency Regulation and Currency Control, including the need to notify tax authorities about its foreign accounts (deposits), provide reports on them, and also about the execution of currency transactions.

A list of Russian programs that are mandatory for pre-installation in 2025 on smartphones, tablets, PCs, all-in-ones and Smart TVs has been approved. 

Concepts of mining and mining pool, as well as requirements for them will be legally enshrined. 

Russian medicines and drugs, the manufacture of which is localized in Russia, will receive priority when included in the list of vital and essential drugs and the list of expensive drugs. A new approach has been established for the comprehensive assessment of drugs for inclusion in the specified lists. If the Health Ministry commission rejects the manufacturer's application, it will be able to submit a revised study containing more complete information about the characteristics of the drug.