SCHNEIDER GROUP News

From June 1, 2026, funds held on deposits of “unfriendly” foreign individuals and entities in Russian banks have effectively been frozen, while banks may transfer them to Type C accounts, restricting depositors’ access to their money.

New limits on use of bank deposits in Russian banks for foreign "unfriendly" individuals and legal entities in the amount of no more than 10 million rubles per month are introduced.

Watch our video to learn how VAT systems across Eastern Europe, Central Asia and the Caucasus work, and how cross-border transactions can be structured in a VAT-neutral way.

From 2026, the new Russia–UAE double tax treaty reduces the tax burden and provides additional benefits for businesses and investors, while increasing requirements for substance and tax transparency.

From June 1, 2026, Russia will introduce the SPOT system for imports from the EAEU, requiring businesses to pre-register shipments and make a security payment, otherwise goods may be denied entry.