Personal Funds Of The Russian Elite Will Be Exempted From Inspections
- 27.05.2026, 15:26
The State Duma of the Russian Federation passed a law.
The Russian State Duma has passed a law that exempts Russian and international personal funds of Russian citizens from the mandatory audit of financial statements. As Interfax reports, the norm will start to apply to reports for 2025. The document was introduced by the government in January and was adopted at once in the second and third readings. Now the mandatory audit of accounting statements of all funds, if for the previous year they received property worth more than 3 million rubles. The new law leaves the mandatory audit only for socially useful foundations. Personal foundations established before the law came into force will also be exempted from mandatory audit retroactively, starting from the statements for 2025. The explanatory note says that the nature of the activities of personal foundations does not require openness of their reporting and auditing, and the reporting is not of public interest.
The decision was made against the backdrop of funds of significance in the assets of the Russian elite. Last year, 15 funds linked to former President Dmitry Medvedev sharply increased their account balances after the war in Ukraine began, accumulating 86 billion rubles by the end of the year. If until 2022 these funds received up to 8 billion rubles a year, in 2024 - 70 billion.
The sources of funding funds do not disclose, but through a network of funds Medvedev controls residences in Ples, Sochi and Rublyovka, in Kaliningrad, a cottage in Komarovo, an estate near St. Petersburg, more than 5 hectares of vineyards in the Krasnodar region and several yachts. Various projects are financed through such structures. The Nasha Pravda Foundation, registered in March 2023 and linked to Medvedev, spent 2.4 billion rubles in two years to supply drones and equipment for the Russian army.
The Akhmat Kadyrov Foundation, which is linked to Ramzan Kadyrov, plays a key role in the system of redistributing financial flows in the Chechen Republic. It is replenished through voluntary and compulsory contributions from a portion of the salaries of the region's residents, the system of government contracts, and contributions from companies close to Kadyrov Jr. Some 65 billion rubles could be distributed through companies and structures connected with the fund in 2023 alone.