Federal law bans distribution certificates for films judged to “discredit traditional values,” effectively barring their public release in Russia.
Russian Federation
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Information on key firms may be hidden
Federal law allows the Russian Government to restrict access to information on whether a company is included in the official list of economically significant organizations.
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Foreign holding rights suspended to 2026
Federal law extends suspension of corporate rights for foreign holding companies in Russia’s economically significant organizations until the end of 2026.
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Requirements set for major software developers
Federal law sets mandatory requirements for major Russian software developers, establishing obligations for compliance, support, and possibly security standards.
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Tax benefits for drone manufacturers
Tax benefits for manufacturers of unmanned civil aircraft operating in the delivery, agriculture, infrastructure monitoring, and aerial photography.
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Tax benefits for residents of MTR
Residents of the Territory of Accelerated Development (MTR) are granted corporate income tax benefits on the portion of tax paid to the federal budget.
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New rules permit foreign bank branches
Foreign banks are now allowed to open branches in the country for the first time — one within a special economic zone and another in the general territory. This marks a cautious liberalization of banking rules: previously, foreign lenders could operate only through subsidiaries or representative offices. The reform widens market access while maintaining strict limits on the number and location of foreign branches.
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Shift to national liquidity metric
A national liquidity standard will replace the international Basel short-term liquidity ratio for systemically important banks. The new rule, based on domestic data and locally traded assets, gives regulators greater flexibility in defining what counts as “highly liquid.” This change could make banks’ balance sheets appear stronger.
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Extended export ban on gasoline
Restrictions on gasoline exports are extended to direct producers of petroleum products.
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Coal industry granted temporary tax relief
Coal mining companies temporarily allowed to postpone payments of taxes on the extraction of minerals and the payment of insurance premiums.