TITLE: Russia's Central Bank of the Russian Federation Opens Public Consultation on Digital Ruble Platform Regulations
BODY:
The Central Bank of the Russian Federation (CBR) opened public consultation on multiple draft regulatory directives addressing digital ruble operations and financial market infrastructure. The consultation period runs through May 2026, with specific submission deadlines varying by directive.
The CBR is consulting on four primary regulatory initiatives. The first addresses procedures for tax authorities to transmit documents to the digital ruble platform operator and establishes protocols for the operator to communicate account balance information and tax debt execution capabilities to tax authorities. Comments on this directive are due by May 31, 2026. The second directive proposes amendments to CBR Regulation 813-P (dated January 9, 2023) governing bank account management by the CBR and credit organisations for territorial treasury bodies, with comments due by May 28, 2026. The third seeks to amend CBR Regulation 638-P (dated March 28, 2018) concerning payment service fees and payment infrastructure services within the CBR's payment system, with comments due by May 26, 2026. The fourth proposes modifications to CBR Regulation 748-P (dated December 25, 2020), with comments due by May 21, 2026. Additionally, the CBR is consulting on amendments to CBR Regulation 837-P (dated April 1, 2024) regarding mandatory civil liability insurance rules for vehicle owners, with comments due by May 19, 2026.
Stakeholders wishing to submit comments should direct responses to the designated email addresses specified for each directive. The CBR has published explanatory notes and comment templates on its website to facilitate the consultation process. All draft directives are available for public review on the CBR website and the Federal Portal of Draft Normative Legal Acts (regulation.gov.ru).