A special recording procedure for certain securities will be in effect until the end of 2025

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01.08.2025
RULES FOR MAINTAINING THE REGISTER OF BENCHMARK ADMINISTRATORS HAVE BEEN APPROVED

On September 1, 2025, a law concerning financial and commodity benchmarks and their administrators comes into force. Benchmark administrators must be included into a special register. The procedure for maintaining this register has been established.

The register shall be maintained by the Bank of Russia in electronic form. The law defines the information it must contain. Some of details, including such as the name, Primary State Registration Number (OGRN), Taxpayer Identification Number (INN), the administrator’s email address, and the methodology they use, to be published on the regulator’s website.
31.07.2025
MAX: OFFICIALLY DESIGNATED AS THE NATIONAL MESSENGER
The Russian Government has determined LLC "Communication Platform", the holder of the exclusive rights to the software program "Digital Platform MAX", as the organisation responsible for creating and maintaining a multifunctional information exchange service.
The Russian Ministry for Digital Development has listed the features already available on MAX (such as sending large files up to 4 GB, money transfers within chats, GigaChat 2.0, and mini-apps from Russian companies). The Ministry also announced upcoming services, such as direct access to Gosuslugi (Public Services) from within the messenger, a digital ID for identity verification without paper documents, GosKey, and educational services.
30.07.2025
THE PROCEDURE FOR BANKS TO NOTIFY THE SOCIAL FUND OF RUSSIA ABOUT OPENING AN ACCOUNT FOR A COMPANY OR ENTREPRENEUR WILL BE UPDATED

It is planned to update the procedure for banks to notify the territorial body of the Social Fund of Russia about the opening, closing or change of the details of the company or entrepreneur's account in electronic form at its location.

29.07.2025
CAR RECYCLING TAX: WHAT WILL CHANGE FROM AUGUST 1, 2025

Amendments have been made to the Rules for paying and collecting a car recycling fee on wheeled vehicles (chassis) for which the fee is paid.

In particular, the coefficients for calculating the recycling fee for dump trucks, vans, tractor units and special vehicles have been clarified.
28.07.2025
LIABILITY FOR FAILURE TO COMPLY WITH THE REQUIREMENT TO STOP THE VEHICLE AND VIOLATIONS DURING THE OPERATION OF HEAVY TRUCKS: AMENDMENTS TO THE CODE OF ADMINISTRATIVE OFFENCES OF THE RUSSIAN FEDERATION FROM JULY 18, 2025

On July 18, amendments to the Code of Administrative Offences of the Russian Federation came into force, providing for a significant increase in the fine for failure to comply with a legal requirement of a police officer, customs official or official of the Federal Transportation Inspection Service to stop a vehicle. The penalty for this violation will increase more than 10 times - from the current 500-800 roubles to 7,000-10,000 roubles.

In case of repeated violation, liability is introduced in the form of a fine of 10,000 roubles or deprivation of driving licence for a period of 4 to 6 months.
25.07.2025
AMENDMENTS TO THE LEGISLATION ON BUSINESS ENTITIES HAVE BEEN ADOPTED

From August 1, 2025, amendments to be made to the laws on JSC and LLC. JSC and LLC will be able to have another business entity consisting of one person as the sole founder (shareholder). 

If all voting shares of a JSC belong to one shareholder, then decisions on issues related to the competence of the general meeting shall be made by him alone and executed in writing. 
It has also been established that it is not necessary to confirm the adoption of such decisions by certifying the fact of their adoption, unless otherwise provided by the charter of the JSC.
24.07.2025
AGREEMENT WITH OMAN ON MUTUAL ABOLITION OF VISA REQUIREMENTS COMES INTO FORCE

On July 18, 2025, the Agreement between Russia and Oman on mutual abolition of visa requirements, signed in Moscow on April 22, 2025, comes into force. 

Russian citizens will be able to enter into, and stay in Oman without obtaining a visa, for up to 30 days on each visit without the purpose of permanent residence, study or activities requiring a work permit. 
However, the total period of stay should not exceed 90 days during a calendar year. Similar rights are granted to citizens of Oman when visiting Russia.
23.07.2025
IT IS PLANNED TO UPDATE THE QUALIFICATION REQUIREMENTS FOR OFFICIALS OF BANKS, INSURERS, INVESTMENT FUNDS AND NPFS

It is planned to improve the qualification requirements for heads of risk management services, internal audit and internal control of credit institutions, auditors of insurance organisations, officials responsible for the implementation of the risk management system and controllers of NPFs, controllers of the management company of investment funds, mutual funds and NPFs, and also to update the procedure for the sending of notifications to the Bank of Russia concerning the appointment of such officials and their dismissal from office.

22.07.2025
VALIDITY PERIOD OF THE UNIFIED ELECTRONIC VISA TO BE DOUBLED

On July 8, 2025, the State Duma adopted a law extending the validity period of the unified electronic visa to 120 days. Currently, the period is sixty days. The permitted period of stay in Russia for a foreigner on this visa will increase from 16 to 30 days. 

A birth certificate will not be allowed to use for exit from, and entry into Russia for Russian citizens. Russian citizens under the age of 14 who left the country with a birth certificate and do not have a Russian passport will be able to enter Russia with a birth certificate. International treaties and government decisions may establish the possibility of crossing the border outside the established routes and places on the basis of permission from the border authority. 
Border authorities within the border area will be able to stop and inspect vehicles, including small vessels and ice vehicles, inspect the cargo they carry, and inspect and examine items in the possession of persons entering or leaving Russia.
21.07.2025
CLOSE RELATIVES WILL BE ENTITLED TO A FEE PAYMENT DISCOUNT FOR CERTIFYING REAL ESTATE GIFT AGREEMENTS

On July 10, 2025, the State Duma adopted a law reducing by 50% the fee for certifying real estate gift agreements between family members or close relatives - spouses, parents and children, including adoptive parents and adopted children, grandfathers, grandmothers and grandchildren, full and half siblings. 

Parents and legal representatives of disabled children and people disabled from childhood will be exempt from the fee when applying to the court to limit the legal capacity of a citizen, to recognise as incompetent, to limit or deprive a child aged 14 to 18 of the right to independently manage incomes.
18.07.2025
FROM SEPTEMBER 1, 2025, CONSENT FOR THE PROCESSING OF PERSONAL DATA MUST BE OBTAINED SEPARATELY FROM OTHER DOCUMENTS

Amendments to the Personal Data Law introduce a requirement that consent for the processing of personal data must be executed separately from any other information and/or documents that the data subject confirms and/or signs.

The aim of these amendments is to eliminate legal uncertainty that has allowed unscrupulous personal data operators to "mislead" individuals regarding the provision of their consent for the processing of personal data, as well as the determination of the conditions and purposes for such processing.
This uncertainty often arises because consent for personal data processing is "lost" within lengthy user agreements. Moreover, so-called "browser agreements" (those deemed accepted simply by visiting a website or viewing its content) have become widespread. This means that a person visiting an online resource or accepting the terms of a contract (user agreement) by checking a box, for example, automatically grants access to their personal data, which may subsequently be used by an almost unlimited number of parties.
17.07.2025
AMENDMENTS TO THE RF CIVIL CODE: JSCS AND LLCS ARE ALLOWED TO HAVE A SOLE FOUNDER OR SHAREHOLDER BEING ANOTHER SINGLE-MEMBER COMPANY

Relevant amendments have been made to the Civil Code of the Russian Federation. They enter into force on August 1, 2025.

Currently, the Civil Code stipulates that, as a general rule, a business entity may not have as its sole participant another business entity consisting of a single person (entity).
Similar amendments to be introduced into the Law on Joint Stock Companies and the Law on Limited Liability Companies.
These amendments have been developed to expand the opportunities available to entrepreneurs for structuring their businesses in a more flexible way.
16.07.2025
LIMIT FOR ‘DISPUTED’ EUROPROTOCOLS HAS BEEN INCREASED UP TO 200,000 ROUBLES

This refers to cases when a road traffic accident is documented without the involvement of police officers, but the drivers have disagreements regarding the circumstances of the incident, the nature, and the list of visible vehicle damages. In such situations, the injured party will be able to receive insurance compensation under the Europrotocol in the amount of up to 200,000 roubles.

This rule applies provided that the circumstances of the accident are recorded using a special mobile application (such as Gosuslugi Auto, OSAGO Assistant, or an insurance company’s app with the required functionality), or with GLONASS-based devices.
The Europrotocol limit for undisputed accidents will remain unchanged: 100,000 roubles or 400,000 roubles depending on whether the circumstances of the accident were recorded using the methods mentioned above.
15.07.2025
FROM JULY 1, 2025, FINES TO BE IMPOSED FOR FAILURE TO SUBMIT OR MISREPRESENTATION OF GREENHOUSE GAS EMISSIONS DATA

Amendments have been made to the Russian Code of Administrative Offences (KoAP RF), introducing administrative penalties in the form of a warning or a fine for failure to submit or late submission of a greenhouse gas emissions report, as well as for the providing of knowingly false information in such reports.

14.07.2025
THE STATE DUMA PASSES BILL IN FIRST READING TO GRANT BENEFITS TO CLOSE RELATIVES FOR NOTARIAL CERTIFICATION OF REAL ESTATE GIFT AGREEMENTS

On June 10, 2025, the State Duma passed in the first reading a draft law proposing an amendment to the Tax Code of the Russian Federation to provide a benefit for the notarial certification of real estate gift agreements concluded between individuals that are recognised as close relatives under family law. According to the bill, in such cases, the parties would be exempt from paying 50% of the state duty.

Bill authors explain that since January 13, 2025r, notarial certification of real estate gift agreements between individuals has become mandatory. Taking into account the relatively high cost of this notarial service (25,000 to 30,000 roubles as average), parties to real estate gift transactions, particularly pensioners (parents, grandparents) and their children or grandchildren, often face financial difficulties covering the notarial fees. According to the bill's drafters, such citizens require measures of state support.
11.07.2025
A PLATFORM WILL BE LAUNCHED IN RUSSIA THAT WILL COMBINE MESSENGER FUNCTIONS AND GOVERNMENT SERVICES

In Russia, it was decided to create a multifunctional information exchange service. With its help, it will be possible to sign documents, interact with government bodies or educational organisations, confirm age when purchasing goods (if required), the right to benefits, check into hotels, etc. When using the service, paper documents are not required.. 

Another requirement for consent to the processing of personal data is being introduced. It must be drawn up separately from other information and (or) documents that are confirmed and (or) signed by the individual.
10.07.2025
BANKS BANNED FROM ISSUING CARDS TO TEENAGERS WITHOUT PARENTAL CONSENT

From August 1, 2025, amendments will be made to the Civil Code, according to which banks are prohibited from concluding a bank account agreement with minors aged 14 to 18 years without the written consent of their legal representatives. The exception is persons aged 16 to 18 years who have been declared fully capable.

09.07.2025
IN CONNECTION WITH THE CREATION OF A NATIONAL SYSTEM OF FINANCIAL INDICATORS, THE BANK OF RUSSIA HAS DETERMINED THE DEADLINES FOR DISCLOSURE OF INFORMATION

Russia is creating its own system of financial (commodity) indicators. This need arose, among other things, due to the departure of foreign information agencies, as a result of which Russian participants encountered difficulties in obtaining representative information necessary for concluding transactions and fulfilling obligations under them. 

The Bank of Russia has established deadlines for disclosing the value of the indicator and deadlines for disclosing information by the indicator administrator.
08.07.2025
RULES HAVE BEEN ESTABLISHED FOR VERIFYING THE ELECTRONIC SIGNATURE THAT CERTIFIES THE VOTING BALLOT OF A PARTICIPANT IN A JOINT STOCK COMPANY OR LIMITED LIABILITY COMPANY

Amendments to the Laws on Joint Stock Companies and limited liability Companies will come into force on September 1, 2027, according to which a ballot in electronic form or an electronic image of a completed ballot can be certified by a simple electronic signature, the key for which is obtained upon personal appearance. 

Requirements have been developed for checking such an electronic signature when storing a ballot in electronic form. The Unified Identification and Authentication System (ESIA) will be used to verify the authenticity of the signature.. For these purposes, the system operator will provide the company with access to the service. The company will receive the inspection results in electronic form, including information about the date and time of the inspection.
07.07.2025
FROM JUNE 27, ADMINISTRATIVE LIABILITY FOR CONDUCTING BUSINESS ACTIVITIES WITHOUT NOTIFYING SUPERVISORY AUTHORITIES WILL BE TIGHTENED

The notification procedure for commencing certain types of entrepreneurial activities is established by Federal Law No. 294-FZ of December 26, .2008. The corresponding notification is submitted before the actual performance of work or provision of services after state registration and registration with the tax authority.

From June 27, administrative liability for failure to submit the specified notifications will be tightened:
- a violation will be not only the failure to notify about the commencement of business activities, but also the activity itself, carried out without prior notification;
- the statute of limitations will also increase significantly - up to one year from the date of commission (in this case - and from the date of discovery) of the offence;
- the amount of fines will increase significantly.
A similar increase in fines and extension of the statute of limitations for administrative liability will also affect cases of providing notifications with knowingly false data. In addition, penalties will also be imposed for failure to report information about changes in the notification of the commencement of business activities.
 

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