Payment Terms Legislation In Russia

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Russia

Please scroll down for a summary of payment terms in Russia and the various industries across which payment term legislation appears.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Federal Law 44-FZ On the contract system in the field of procurement of goods, works, services to meet state and municipal needs article 34 part 13.1 requires government institutions to pay within 7 days of acceptance of goods. Suppliers must also pay subcontractors within 7 days.

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Article 314 of the Civil Code of the Russian Federation requires payment within 7 days of a request where no term exists in contract.

Comm_terms_law Construction Manufacturing Retail_agriculture Services
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Federal Law 381-FZ, Article 9 Part 7 (as amended by 301-FZ of 08.08.2024) sets tiered payment deadlines for food products based on shelf life. Up to 5 days: 8 business days (4 if e-document exchange agreed). 6–9 days: 8 business days. 10–30 days: 25 calendar days. Over 30 days and Russian alcohol: 40 calendar days. Northern delivery goods (shelf life >30 days): 40 calendar days by agreement (added by 418-FZ 2023).

Comm_terms_law Retail_agriculture
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Interest Rate

If no other rate is agreed in contract then the statutory interest for commercial late payments is the key rate of the Bank of Russia.

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