"Mortgage repayment for large families will be raised to 900 thousand."
The mortgage repayment for large families can be doubled to 900 thousand, Anatoly Aksakov, head of the State Duma Committee on the financial market, said in an interview with Izvestia at SPIEF 2025. According to him, everyone supports this initiative so far. Therefore, a new figure may appear already when considering the draft budget for next year. Family investments will also appear in 2026, the deputy believes. Under this program, the spouses will be able to receive a tax deduction of up to 130 thousand rubles. In an interview, Aksakov also said that the authorities want to suspend some punishments for miners in order to allow them to legalize. In addition, Islamic tokens will be issued in Russia, which will help in cross-border settlements.
"Universal QR can start working as early as 2026"
— The introduction of universal QR is currently being considered. How is the draft law being worked out? Is there already an understanding of what you want to change by the second reading?
— The bill has already been adopted in the first reading. A discussion is currently underway, as there were points in the original version of the document that caused criticism. Many market participants support the creation of a universal QR code. But there are also those who oppose it. There are three of them so far, but they are big and reputable players. The central bank and the government advocate for a universal QR code. Closed-door discussions are held to explore the arguments and find possible compromises.
Critics suggest softening some provisions, and some of their comments can be taken into account. In the near future, a meeting will be held with the participation of deputies, representatives of the market, the Central Bank and the government. It is possible that the implementation dates will be adjusted for some players who have difficulties with this.
— When can the universal QR code become effective?
— Most likely, we will accept it before the end of the year, maybe even in the summer. Then the universal QR code can start working as early as 2026. However, not since January 1, but with some lag.
— What problems will the introduction of this technology help solve?
— The introduction of universal QR will save consumers from confusion in a variety of payment codes. Now the user is forced to choose between bank offers, often under the influence of aggressive marketing. The universal code will create a neutral entry point, a single window — a kind of showcase where all options will be available without artificial advantage for individual players. The central Bank has repeatedly pointed out that the current system violates the rules of competition, because there is no choice, you have to use the "biggest door".
— The Central Bank said that even, for example, in Kazakhstan they have already decided to create a universal QR code and this will also help Russians to make payments. Will they really be able to scan a universal QR code abroad and make a payment in the same way?
— Yes, Kazakhstan has actually launched a single QR code. And, of course, negotiations are underway between the Central Bank of Russia and the republic. The issue of compatibility of these codes will be resolved there. This will allow Russian tourists to pay for purchases in Kazakhstan through a familiar interface, and Kazakhstanis to use their own system in Russia.
— Do you know which other countries are currently considering the launch of a universal QR code?
— Negotiations are indeed underway with other countries. I asked the Central Bank which other countries this technology is being discussed with, but they did not answer. We are currently under sanctions, and it would be wrong to disclose these countries. But the movement towards universal QR is underway in many countries. Regulators consider this decision as a tool to maintain healthy competition.
"For family investments, spouses will be able to receive a tax deduction of up to 130 thousand rubles"
— Earlier, the President of Russia also instructed to create a line of family investment instruments with an increased deduction of 1 million rubles. What other benefits have been decided to provide for this tool?
— For example, the long—term savings program is already working, it has shown its effectiveness - millions of citizens have already joined it, and the total amount of investments has exceeded 300 billion rubles. It is also worth considering the possibility of joining the program of the so-called silent ones, that is, to automatically transfer the funded pension of citizens to the PDS.
Many people simply do not know about the program and have not yet taken advantage of this opportunity, although the government offers substantial support. According to the current rules, the state adds up to 36 thousand rubles, and the tax deduction allows you to return 52 thousand when you deposit 400 thousand. This is a serious incentive for the formation of future savings. There is a proposal for the "silent ones" to switch to a long-term savings program and accumulate decent amounts thanks to government support.
The family investment program assumes that the money of the wife and husband are combined and they are given more benefits. The tax deduction limit is proposed to be increased to 1 million rubles. This means that for family investments, the spouses will be able to receive a tax deduction of up to 130 thousand rubles. An account can be opened for a child, interest will run up, and upon reaching the age of majority or after a certain time, he will be able to receive this money. Many citizens have already appreciated these advantages, and interest in long-term savings will continue to grow.
— Have you agreed to allow the use of mother capital to invest in such instruments?
— The idea of investing maternity capital is currently being actively discussed. The amounts here are significant — more than 600 thousand rubles per child, and at the birth of the second, the family receives almost 1 million rubles. If these funds are used in investment instruments, they can bring substantial income. Personally, I support this initiative, as I understand it, the Ministry of Finance and the Central Bank too. Therefore, I assume that a bill on a new use case for the parent capital will be introduced this year.
"The budget is not unlimited"
— When can we expect the launch of family investments?
— I think that next year there will be family investments. Currently, Russia has a large-scale fertility support program, including maternity capital. The demographic situation requires additional incentive measures. Given that the president has instructed us to work on these tools, I think we will start considering draft laws on launching family investments even in the fall. And it is likely that the program will start working in January.
— New options for family mortgage programs are also being actively discussed. The President of Russia instructed to work out the possibility of launching preferential mortgages for families with children under 14. How is this initiative being discussed?
— A preferential program for families with children under six years of age and a rate of 6% is already in effect. A slight increase in mortgage lending this year is precisely due to this program. Of course, we would like to further stimulate the birth rate process.
A bill has already been submitted to the State Duma to increase payments to large families for mortgage repayment. Now they can get 450 thousand. So far, everyone seems to support this proposal. This is a good incentive for the funds to be used to pay off the loan. I think that when considering the draft budget for next year, a new figure will appear and the mortgage repayment for large families will be raised to 900 thousand.
However, other additional loan benefits are unlikely to be launched yet. The budget is not unlimited. We have to work with limited resources and in those areas that show the greatest effect. A family investment program is being launched, and benefits will be provided there. Let's start with a tax deduction of one million, and then look at the budget possibilities.
"Then we'll start asking in full"
— It was recently reported that the State Duma is currently developing a bill on new measures for the organizers of illegal mining farms. Are you participating in the discussion and what exactly is being proposed?
— I participate in these discussions. Moreover, I will most likely be the author of the amendments. Many miners actually worked in the gray zone — they imported equipment and did not work quite legally, since there was no relevant legislation at that time. Now it has appeared, and with rather strict standards of responsibility. I think it's better to give them the opportunity to legalize, set a limited period for them to register and pay taxes.
This area is developing, bringing income, including to the budget, and funds can be directed to social programs. Therefore, it is important not to create unnecessary barriers, but to provide conditions for legal work.
Currently, sanctions for illegal mining of cryptocurrencies are already provided, and they will remain in force. However, at the first stage, we want to suspend some punishments for miners in order to give them the opportunity to register normally, but then we will start asking in full. Judging by the signals I'm getting, companies are ready to work in the legal space. Now we want to meet them halfway and give them the opportunity to operate successfully in Russia.
— Earlier you proposed to shorten the period of the IIS-3. Are you planning to introduce such a bill to support investments in the stock market?
— The issue of shortening the investment period for the IIS-3 is still being discussed. This tool has already become firmly embedded in our lives. Starting next year, we should start extending the placement period by one or two years. However, this will not encourage investors to invest money, I am in favor of a slower increase in terms. Five-year investments are not in high demand yet. Additional support measures are needed to stimulate them.
I'm in favor of leaving the three-year term, but it's unlikely to work that way. Perhaps it is worth fixing a five-year period for the AIS-3 for several years, allowing the market to adapt to this instrument and only then consider increasing it. The Central Bank is still skeptical about this proposal, we are arguing.
"It has been decided to start issuing Islamic tokens"
— The State Duma recently adopted in the first reading a bill to extend the experiment on Islamic banking. How do you assess the results over the past three years of the experiment? Maybe there are some new products? And why, strictly speaking, is it important to continue this experiment?
— The experiment on Islamic banking, extended by the State Duma, has shown mixed results in three years of implementation. The four participating regions — Tatarstan, Bashkortostan, Chechnya and Dagestan — demonstrate different activity: if 14 financial organizations operating according to Islamic principles are registered in Tatarstan, then one each in Chechnya and Dagestan. The total amount of funds raised is still small — about 4 billion rubles, which is explained by the long-term adaptation to new rules and bureaucratic procedures. The main activity occurred in the last year of the experiment, when most of the participants completed registration.
However, this experiment has potential, so it is being asked to be extended for another three years. We will adopt the bill in July. We expect that the amount of funds that will be involved in this project will increase to 1 trillion rubles. Moreover, we very much hope that Islamic countries will use the tool and will actively cooperate with Russian organizations. I suggested that several other federal subjects be included in the experiment — Chuvashia, Crimea and Ingushetia.
The potential of partner financing is very high. For example, it has already been decided to start issuing Islamic tokens, which will also help conduct cross-border settlements. Blockchain can become a platform that will allow for more active interaction with Islamic countries. I am optimistic about this story.
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