This week Vladimir Putin signed a law allowing the use of digital financial assets (DFA) for foreign trade payments. The concept of DFA in Russia includes tokenized assets and financial instruments issued by central bank regulatory bodies. The central bank hopes to ensure that these assets do not start replacing the ruble, so the use of DFA for payments is prohibited. This situation still exists domestically, but they are looking for alternative solutions to avoid sanctions due to Russia's invasion of Ukraine. The legislation changes the definition of certain currency transactions to include digital rights such as DFA. In addition, the central bank can also establish conditions for the use of DFA for payments. The Russian central bank is a staunch supporter of anti-money laundering efforts. However, the Russian Federation Council stated in a statement that "due to the existing sanctions risk, federal law does not require information on the beneficial owners of persons issuing digital financial assets." The new law also allows for the transfer of insurance contracts, non-state pensions, and long-term savings through digital platforms. Typically, such assets are not transferable.