The Russian Football Union said they have cleared their debt to coach Fabio Capello who had been unpaid since June.
The RFU said in November it could not pay the Italian, who earns more than any other national coach.
Arsenal shareholder Alisher Usmanov reportedly claimed on Thursday he had loaned 400m rubles (£3.9m) to meet the payments on Capello's £7m salary.
On Friday the organisation said it had performed the "necessary operations to transfer the money" to Capello.
Russian sports minister Vitaly Mutko, who is understood to have arranged Usmanov's loan, reportedly said the money would not cover any future wage payments.
Under ex-England coach Capello, Russia are third in their Euro 2016 qualifying group, having won just one of their last eight competitive matches.
Capello signed a contract extension last January, which ties him to Russia until they host the World Cup in 2018.