A special recording procedure for certain securities will be in effect until the end of 2025
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06.02.2026
RUSSIA TO INTRODUCE MORE IFRS STANDARDS
Several new International Financial Reporting Standards (IFRS) are supposed to come into force in Russia, including the following:
- IFRS 18 - Presentation and Disclosure in Financial Statements;
- IFRS 19 - Subsidiaries without Public Accountability: Disclosures;
- Amendments to the requirements on the classification and measurement of financial instruments (amendments to IFRS 9, IFRS 7 and IFRS 19).
However, IAS 1 ‘Presentation of Financial Statements’ will be discontinued.
Moreover, IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ will be replaced with IAS 8 ‘Basis of Preparation of Financial Statements’.
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