Starting August 1, 2025, new reserve requirements and calculation ratios for banks and foreign bank branches will take effect, changing how much of their funds must be held in reserve. The adjustment aims to influence liquidity and lending conditions in the financial system.
Russian Federation
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Extention of VAT exception for hotels
Zero VAT rate for hotels extended until the end of 2030.
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Conditional benefits to tour operators
Tour operators will receive benefits for the sale of tours to friendly countries.
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Tax exemption for war-related goods and services
VAT and income tax will not apply to the free transfer of property, work, or services provided to military units and organizations of the Armed Forces, National Guard, or FSB, if used to support the needs of the special military operation.
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Ban on mobile sale without RuStore
Russia will ban the sale of mobile devices without a pre-installed RuStore store from September 1, 2025.
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Foreign investors allowed via “In” sites
Presidential decree removes counter-sanctions restrictions introduced in 2022, allowing investors from “unfriendly” countries to invest in the Russian stock market, but only via designated “In” platforms.
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Sanctions against the German carmaker Daimler Truck
Sanctions against the German carmaker Daimler Truck. Russian entities cannot enter into new transactions with Daimler Truck. They cannot fulfill existing obligations under deals already made with Daimler Truck, and any contracts already in force are also impacted. Financial operations with Daimler Truck are blocked. This could mean payments, transfers, or any financial support.
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MinFin access to undisclosed company data
Presidential decree grants the Ministry of Finance access to information that individual companies had not disclosed.
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Gas payments allowed via multiple banks
Presidential decree extends until October 1, 2025, permission for foreign buyers to pay for Russian gas through banks other than Gazprombank.
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Foreign trade data classified
Presidential decree classifies information on foreign economic activity if its premature disclosure could harm state security.