Russia to Double Enforcement Fees Collection to 151.6 Billion Rubles
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Insights by Echo AI
The Russian federal budget plans to nearly double the collection of enforcement fees from 103 to 151.6 billion rubles by 2029. This fee, currently set at 12% of the debt amount, is charged when a debtor fails to settle their debt within five days after the initiation of enforcement proceedings. The increase is attributed to legislative tightening and digitalization, enabling bailiffs to access databases of banks, tax services, and other agencies. The main sources of these debts are consumer loans, microloans, utility bills, and road fines, with approximately 35 million enforcement proceedings against citizens totaling around 4 trillion rubles.
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