Increased social security benefits, bank access restriction for minors, and anti-spam measures implemented.
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Starting this month, several significant changes are set to impact individuals and legal entities across various sectors. Here's a roundup of the key changes that are effective from August 2025.
Patent Law Changes
The deadline for submitting a patent application will be extended from six months to one year, affecting cases where the invention has been disclosed at an exhibition or publicly described in the media. This change is set to take effect from August 3.
Federal Executive Orders (from July 2025)
Effective from July 2025, tariffs on all products from China have increased from 10% to 20%, impacting importers, manufacturers, and consumers dealing with Chinese goods. Additionally, the repeal of wind, solar, and other "green" energy tax credits will end incentives for clean electricity production from these sources, potentially shifting investments towards dispatchable sources like fossil fuels or nuclear. Lastly, increased entry fees at U.S. National Parks for foreign tourists will come into effect, with affordability improvements for U.S. residents and funding for park infrastructure improvements.
Minnesota and Arkansas Law Changes
In Minnesota, the "Minnesota Partition Act" will modernize property partition laws, clarifying court actions involving multiple property owners, eminent domain laws, and statutes reflecting current case law. This will affect property owners and legal proceedings related to property rights in Minnesota. Meanwhile, in Arkansas, fines for moving traffic violations in mobile work zones will be doubled, expanding existing harsher penalties from static work zones to mobile ones.
Consumer Protection and Mortgage Lending
A new amendment to the Fair Credit Reporting Act will limit the use of mortgage "trigger leads" that generate unwanted calls and texts to consumers after mortgage applications. This will protect homebuyers from aggressive marketing and preserve mortgage industry practices under stricter rules.
Tax and Pension Reforms
The "One Big Beautiful Bill Act of 2025" includes new deductions effective from 2025 through 2028, possibly affecting individual and business tax filings, though details are not specified in the summary. From August 1, individuals and legal entities can create companies where they will be the sole participant or shareholder. Starting August 1, 2025, social pensions for working pensioners will be automatically recalculated. Pensioners who have reached 80 years of age will receive a fixed payment of 17,815 rubles, with an additional supplement of 8,908 rubles for those with the first group of disability.
Regulation of the Platform Economy and Anti-Cartel Measures
The regulation of the platform economy is set to begin in autumn 2026. The Federal Antimonopoly Service has launched the state information system "Anticartel" to combat illegal cartels.
Insurance, Banking, and Minors' Accounts
Insurance companies will have to pay out for OSAGO claims faster, as claims will now be submitted electronically. Banks will be required to send all information about controlled operations to Rosfinmonitoring starting August 20. Minors aged 14 to 18 will require written consent from their parents to open bank accounts.
Penalties and Benefits
Violations of these new regulations may result in fines of up to 400,000 rubles or the suspension of activities for up to 60 days. The state will increase benefits for low-income families with children if their financial situation has worsened over the year. From August 20, the updated list will also include the purchase or sale of investment precious metals, gemstones, jewelry, commemorative coins made of precious metals, and processed natural diamonds.
Stay informed and stay compliant with these new regulations to ensure a smooth transition for your business or personal life.
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- With the changes in the patent law from August 3, 2025, technology-related inventions that have been disclosed publicly can now be patent-protected for up to one year after disclosure, complying with the extended deadline for patent applications.
- The regulation of the platform economy, starting in autumn 2026, is expected to have significant implications for the technology sector, as it aims to combat illegal cartels, ensuring fairness and competition in the digital marketplace.
