Overview
- Late payment in public procurement now carries fines of 30,000–50,000 rubles for officials and 50,000–100,000 rubles for legal entities, regardless of a supplier’s SME status.
- For violations of consumer protection rules, banks face fines up to 0.1% of their own funds with a floor of 100,000 rubles.
- Failure to comply with a Central Bank order can draw bank penalties up to 1% of own funds, but not less than 1 million rubles, with this law taking effect upon official publication.
- Central Bank officials and lawmakers say enforcement will target systemic misconduct, with an initial warning for a first infraction before fines are imposed.
- Fines for forcing add-on goods or services rise to 50,000–150,000 rubles for officials and sole proprietors and 200,000–500,000 rubles for companies, up from prior levels as low as 2,000–40,000 rubles.