(MENAFN) The Russian authorities are preparing to roll out a fresh set of initiatives aimed at curbing the country’s shadow economy, Finance Minister Anton Siluanov stated on Tuesday.

These forthcoming actions will focus on suppressing unreported cash dealings and addressing taxpayers who fail to pay into the national health system or other social programs, the minister underscored.

Siluanov explained to the Federation Council Committee on Budget and Financial Markets that “The Russian government is now taking steps to reduce the level of the shadow sector,” highlighting the state’s renewed commitment to tightening oversight.

Earlier in the month, the minister pointed to enhanced clarity in financial operations as a major priority for 2026.

Among the key objectives he mentioned were transforming crypto mining into a well-regulated and transparent field by legitimizing operators, creating an official registry for miners, and defining taxation standards for the sector.

During an address at a session of the Federal Tax Service collegium, Siluanov additionally advocated for less reliance on cash, more rigorous control of cash-register procedures, and heightened scrutiny of property owners leasing out commercial premises.

He also emphasized the importance of stricter customs supervision of imports from CIS nations to guarantee correct taxation and eliminate “significant grey zones” in cross-border trade.

According to Siluanov, these measures are designed to shrink the shadow economy, boost government tax income, and reinforce monitoring of contributions to social funds.

Echoing these intentions, Russian Economic Development Minister Maksim Reshetnikov remarked in September that further steps to bring more economic activity into the formal sector were underway, noting that the matter has grown increasingly urgent.

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