The Russian Ministry of Finance is set to propose a standalone bill to regulate stablecoins, highlighting their "immense potential," according to Alexey Yakovlev, Director of the Financial Policy Department. This move aims to separate stablecoin regulation from the broader cryptocurrency trading framework, which is expected to be reviewed by the State Duma this spring and could be enacted by July 1. The Central Bank of Russia has previously categorized stablecoins as "foreign digital rights," allowing certain approved stablecoins for cross-border trade. In October 2025, the ruble-pegged stablecoin A7A5 was authorized for international trade. This legislative push comes as Russia seeks to enhance its cryptocurrency policies, potentially using stablecoins to navigate Western sanctions and facilitate international payments.