Bank of Russia’s benchmark interest rate is applied in calculating interest deductions and interest on overdue tax liabilities.

The Board of Directors of the Bank of Russia on 19 December 2025 decided to cut the key rate by 50 basis points to 16.00% per annum, citing easing underlying price pressures and the economy’s gradual return to a balanced growth path.

Bank of Russia’s benchmark interest rate is applied in calculating interest deductions and interest on overdue tax liabilities.

This announcement was made on 19 December 2025.