OREANDA-NEWS  In Russia, the law on regulating the market of interest-free installments comes into force on December 1, the new rules will reduce their maximum term to 6 months, penalties for delay will be limited to 20% per annum of the debt amount, and the operator will not be able to charge commissions or overpay for the service, the head of the State Duma Committee on Sergey Gavrilov, member of the National Financial Council of the Bank of Russia (KPRF).

"Starting from December 1, 2025, a law will come into force that determines who can provide such services and under what conditions. They decided to introduce order for several reasons. On the one hand, the market is growing rapidly, and many major players — from banks to IT companies — are already offering piecemeal payments to their customers. On the other hand, it is important for the state to close the risks: in the absence of rules, people could take installments from intermediaries whose activities were not controlled in any way," Gavrilov said.