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On June 10, 2026, the Bank of Russia (CBR) published a consultation report proposing significant increases to minimum capital requirements for credit institutions. The CBR proposes raising minimum capital for banks holding a universal licence from RUB 1 billion to RUB 3 billion, and for banks holding a basic licence from RUB 0.3 billion to RUB 1 billion. These requirements have remained unchanged since their establishment in 2018. The CBR cited substantial growth in banking sector scale, increased operational complexity, and heightened investment needs in information technology as justifications for the increase. For existing banks, the CBR proposes a phased implementation schedule between 2028 and 2030. Universal licence holders would face minimum capital requirements of RUB 1.5 billion from January 1, 2028, RUB 2 billion from January 1, 2029, and RUB 3 billion from January 1, 2030. Basic licence holders would face requirements of RUB 0.5 billion, RUB 0.7 billion, and RUB 1 billion respectively across the same dates. Banks obtaining licences after January 1, 2028, must immediately comply with 2030 target requirements. The CBR is evaluating special conditions for credit institutions participating in banking groups, potentially establishing a RUB 3 billion requirement only for the parent credit organisation, with subsidiary-level requirements waived. The CBR is also considering a tailored approach for banks forming alliances under an "Alliance" model, pending detailed legal framework development. The CBR plans to prepare necessary legislative amendments to the Law on Banks and Banking Activity during the first half of 2027 to enable implementation from January 1, 2028. Stakeholders may submit comments and proposals on the consultation report to the CBR until July 3, 2026.