Foreigners will be required to attend a personal interview to obtain a Russian visa
Russian Federation
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Subsidies to tourism sector
More than 6.5 billion rubles have been additionally allocated for the program of concessional lending for investment projects in the tourism sector
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Income support to large families in selected regions
Residents of certain regions in the Russian Far East whose families welcomed a third or subsequent child in 2024 will be eligible for an increased lump-sum mortgage repayment of 1 million rubles.
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Exploitation procedures of foreign crafts and tax incentives for air transport extended.
Exploitation procedures of foreign crafts, i.e. legal permissions allowing Russia to continue operating foreign-made aircraft without the usual formalities, even if their ownership, leasing, or certification might now technically violate international agreements because of sanctions, extended until 2026. The current tax incentives for domestic air transportation have been extended until 2028
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Allowed for foreign banks to open branches in Russia.
Previously, they could only have subsidiary banks and representative offices
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Priority in procurement
Priority in procurement will be given to Russian manufacturers.
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Tax and insurance cuts for firms producing tech and radio-electronics
Reduction of income taxes and insurance premium rates for organizations engaged in the production of special technological equipment, components and consumables for the radio-electronic industry
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Extension of mortgage support for large families.
Extension of mortgage support for large families.
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Customs duties on sweets, strong alcohol, wine, and flowers from unfriendly countries
Customs duties on sweets, strong alcohol, wine, and flowers from unfriendly countries
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Russia halts daily OTC trading data on USD, EUR, and CNY to curb sanctions-related risks
In order to limit the impact of sanctions, the Bank of Russia suspends the publication of daily information on the trading volumes of the US dollar, euro and yuan against the ruble, calculated on the basis of over-the-counter trading with settlements “tomorrow”.