The Russian Ministry of Finance is contemplating the creation of a separate legislative framework for stablecoins, rather than incorporating them into the forthcoming cryptocurrency trading regulations. Alexey Yakovlev, Director of the Financial Policy Department, highlighted the "enormous potential" of stablecoins. Currently, Russian law does not explicitly address stablecoins. The government plans to advance the stablecoin regulatory framework after the State Duma passes a law restricting citizens from trading crypto assets on unlicensed platforms, expected to take effect by July 1.