From October 1, new rules govern scrap metal transactions in Russia, requiring bank transfers for payments connected with the delivery of scrap metal and ferrous and non-ferrous metal waste. The information was reported by TASS, citing the scrap processors association NSRO Ruslom.com. The change means cash payments to individuals for scrap deliveries are no longer allowed, a shift the processors association says will strengthen the industry going forward by promoting traceability and formalized handling of materials.
Industry observers note that the new approach aims to reduce the shadow economy within the scrap sector. By channeling payments through non-cash methods, officials expect improved reporting, better compliance with environmental and safety standards, and clearer records for tax purposes. The association emphasized that these changes should lead to a healthier market overall, even though the transition may require adjustments from participants across the supply chain.
In calculations presented by scrap industry analysts, the annual turnover for the sector approached 1.5 trillion rubles. They also highlighted that more than 500 billion rubles per year previously belonged to the gray market, where informal transactions were not fully captured in official statistics. The shift to bank transfers is framed as a step toward bringing these activities into formal channels and increasing transparency in pricing, invoicing, and compliance with regulations.
Meanwhile, a separate incident from Pskov involved a mechanic who reportedly scrapped a customer’s car after a failed attempt to sell it. The client’s vehicle was surrendered for dismantling, and the mechanic faced criminal proceedings tied to the case. The situation underscores broader concerns about regulatory oversight, due process, and the dangers that can accompany informal vehicle disposal practices when legitimate buyers or licensed operators are not involved.
Another case described by regional media involved a former car service employee in Novosibirsk who allegedly damaged a customer’s car during a theft, then used the incident to cover up the wrongdoing. These reports illustrate ongoing challenges in consumer protection and accountability within the automotive and scrap sectors, reminding readers that unscrupulous activities can occur even as formal payment methods and regulatory measures are expanded to improve reliability and oversight.