Tax Messenger
Summaries of key tax and legal developments in legislation and case law and the latest issues affecting human resource management, prepared by B1's experts in Russia
Deposits held by foreign nationals in Russia from 1 June 2026 onwards: Bank of Russia’s official clarification
The Bank of Russia has issued an official clarification on the application of Presidential Decree No. 95 to credit institutions’ obligations to foreign creditors in respect of bank deposits. As a reminder, on 1 June 2026, the President of Russia signed Decree No. 377, extending the scope of Decree No. 95 dated 5 March 2022 (“On the Temporary Procedure for Fulfilling Obligations to Certain Foreign Creditors”) to bank deposits.
21.07.2026
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The Labor Code is to regulate internships
The draft law that passed the third reading in the Russian State Duma on 8 July 2026 introduces a regulatory framework for internships.
10.07.2026
Draft law to increase the minimum salary for HQS passed third reading on 8 July 2026
On 8 July 2026, a draft law sharply increasing the minimum salary for highly qualified specialists (HQS) passed third reading. HQS whose salaries do not satisfy the updated requirements will no longer be eligible to work in the Russian Federation under the HQS regime. Employers are required to take necessary action by 1 March 2027, namely, either terminate employment contracts or ensure that migration documents, appropriate under alternative migration regimes, be obtained. Selecting an appropriate immigration option and navigating all required procedures requires a substantial amount of time.
08.07.2026
Regulatory updates on foreign individuals’ deposits in Russia effective 1 June 2026: legal uncertainties and risks
On 1 June 2026, the President of the Russian Federation signed Decree No. 377, which extends the scope of Decree No. 95 dated 5 March 2022 (“On the Temporary Procedure for Fulfilling Obligations to Certain Foreign Creditors”) to bank deposits. Decree No. 377 took effect on the date of its signing.
03.07.2026