Russia's Finance Ministry keeps IIC-3 tax-benefit term hike to 10 years from 2027

Russia's Finance Ministry confirmed it will not scrap the planned gradual extension of the minimum holding period for type-3 individual investment accounts (IIS-3) to 10 years, starting in 2027. The policy, which raises the term from 5 years while preserving tax deductions, signals continued state support for long-term retail investment, though it may deter short-term inflows. The announcement is a policy reaffirmation, not a change, and its market impact is limited.