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.

To access the complete international payment terms data, download the international payment terms whitepaper.

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

Laws

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

Federal Law 381-FZ, part 7 of article 9 requires retailers to pay for food products with expiration of less than 10 days within 8 working days. Products with a shelf life of 10 to 30 days inclusive are payable no later than 25 days. For food with a shelf life of more than 30 days and alcoholic beverages, the deadline for payment is 40 days.

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.

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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