The Central Bank of Russia published an update on a law that extends Russia’s partnership financing experiment through September 2028 and introduces changes intended to strengthen how the experiment operates. The regime has been running since 1 September 2023 in Bashkortostan, Dagestan, Tatarstan, and the Chechen Republic and was originally planned to last two years. The law expands the list of permitted partnership financing operations, including allowing banks with the relevant licence to open accounts, and adds mutual insurance. It also provides for a special committee to approve partnership financing standards, requires firms to state in advertising that they are experiment participants, and broadens the grounds to refuse a firm’s entry to the participant register or to remove it, in order to mitigate risks from unscrupulous participants.
Central Bank of Russia 2025-07-25
Central Bank of Russia reports law extending partnership financing experiment to September 2028 and expanding eligible operations
The Central Bank of Russia has extended its partnership financing experiment through September 2028, originally set to end in 2025. The updated law expands permitted operations, introduces mutual insurance, and establishes a special committee for approving standards. It also mandates advertising disclosures and broadens criteria for participant entry and removal to mitigate risks.