Russia plans to introduce a stablecoin bill and intends to advance independent legislation.

On March 5, the Russian Ministry of Finance is considering introducing an independent stablecoin bill to regulate digital assets pegged to fiat currencies. Alexey Yakovlev, Director of the Financial Policy Department of the Ministry of Finance, stated that stablecoins have enormous potential. Russia plans to advance stablecoin legislation separately from the legal framework regulating crypto trading, and the relevant crypto regulatory bill is expected to be submitted to the State Duma for review in the spring, possibly taking effect as early as July 1. The Central Bank of Russia has already included stablecoins in the category of "foreign digital rights" and has approved certain stablecoins for cross-border trade settlements. In October 2025, the stablecoin A7A5, pegged to the ruble, has been approved for use in overseas trade.