Changes in Russian Policies Effective November 2024
Starting November 1, 2024, several significant changes will take effect in Russia concerning pensions, migration, cryptocurrency mining, and civil service regulations. These reforms aim to enhance social support for citizens, regulate digital currency activities, and tighten migration policies.
Pensions and Social Support Enhancements
One of the most notable changes is the doubling of the fixed payment to the insurance pension for elderly citizens who turned 80 in October or were assigned the first disability group, increasing the amount from 8,130 rubles to 16,270 rubles. This recalculation will occur automatically, with funds credited according to the standard schedule. Additionally, there will be adjustments to the pensions of coal industry workers and civil aviation pilots based on individual salary and special work experience.
Moreover, from November 1, a new streamlined process for obtaining certificates of participation in special military operations will be available through the state services portal, simplifying access to government support for military personnel and their families.
New Regulations on Cryptocurrency Mining
A new law regulating the circulation of digital currencies will come into force, establishing guidelines for cryptocurrency miners. Only registered individual entrepreneurs and legal entities will be permitted to mine cryptocurrency, while private citizens can participate under strict energy consumption limits. The law also bans mining for individuals with certain criminal convictions, and authorities may restrict mining in regions facing electricity shortages.
Migration Policy Updates
From November 7, Russia will tighten its migration policies, introducing mandatory genomic registration for foreigners and stateless persons to verify their identities. The names of visitors will now be translated from Latin to Cyrillic in state information systems. Additionally, participants in the voluntary resettlement program will find it easier to obtain residence permits without needing temporary permits.
Civil Service Restrictions
Effective November 11, civil servants recognized as foreign agents will have their powers terminated if they fail to renounce their status within 180 days. This measure aims to ensure that individuals representing the government are fully committed to the interests of the country, particularly those who have received foreign funding.
These changes reflect the Russian government's ongoing efforts to adapt social support systems, regulate emerging technologies, and enforce stricter migration and governance standards.
