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Marat Khusnullin: The number of private homes being built using escrow accounts has exceeded 16 thousand

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Since March 1, 2025, a law has been in force in Russia regulating the use of escrow accounts in the sphere of individual housing construction (IHC). This mechanism ensures the protection of citizens' funds from unscrupulous contractors and increases the reliability of transactions in the construction of private houses. Thus, to date, the number of private houses in the construction of which this mechanism was used has exceeded 16 thousand. This was reported by Deputy Prime Minister Marat Khusnullin.

"We see a significant increase in citizens' interest in individual housing construction. Our task is to create conditions for people to realize their desire to live in their own home. An important component in this matter is to guarantee the security of transactions. On March 1, 2025, a law came into force providing for the use of an escrow account mechanism for individual housing construction, which has already proven itself in the construction of apartment buildings. If in the spring, about 5 thousand individual residential buildings were built using escrow, today more than 16 thousand private houses in the country are being built using this secure financial mechanism," said Marat Khusnullin.

The Deputy Prime Minister recalled that escrow accounts guarantee the protection of equity holders' funds at all stages of construction. Buyers are assured that their money will be transferred to the contractor only after construction is completed. This means that in the event of a missed deadline or other violations, citizens will be able to return their investments.

The number of construction companies ready to work with escrow in the construction of private homes is also growing. According to the state company DOM.RF, the number of such contractors has grown more than 2.5 times – from 1.8 thousand on March 1 to 4.7 thousand companies at the current moment.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Study: This summer, Russians are more likely to travel around the country by car with their families

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

Two thirds (62%) of Russians plan to go on holiday this summer, half (49%) will go on holiday with their spouse, and another 40% will take their children with them.

Most often, citizens plan tourist trips by car (38%), in second place among modes of transport is the train (29%), in third place is the plane (21%). The demand for various formats of recreation is growing: the most popular were trips along eco-trails (37%) and signature tours (33%). The main motive for summer travel is a reboot. These are the results of a study on the preferences of summer recreation of Russians, conducted by ANO "National Priorities" and the Ministry of Economic Development in June 2025.

Family vacations are still at the top of our citizens’ preferences: 49% of respondents will vacation with their spouse, and another 40% will take their children with them. This format is most popular among respondents in two age groups: 35–44 years old (57%) and 45–54 years old (54%). Among the types of transport that people will travel by this summer, the most popular is the car: 38% of respondents choose it. 29% of respondents will travel to their vacation spots by train, and 21% by plane.

"Studies of Russian tourists' preferences regularly record the growth in popularity of car trips. We expect that this summer the share of car tourists will grow from 38% to 43% compared to last year. For this category, we have created more than 93 ready-made tourist routes together with the regions. Detailed information about them can be found on the National Tourism Portal "Puteshestvoem.rf". We support the development of car routes, as well as their infrastructure, with measures that are in effect within the framework of the national project "Tourism and Hospitality". In particular, this is a program for the creation of modular hotels, non-capital infrastructure facilities within the framework of a single subsidy. In these measures, projects related to the development of car tourism are highlighted as a priority. We are working separately with the Russian Ministry of Transport on repairing roads along routes, with the Ministry of Digital Development on developing communications on roads, and with the Ministry of Culture and the Ministry of Natural Resources on equipping tourist attractions with the necessary infrastructure,” notes Minister of Economic Development Maxim Reshetnikov.

The main tourist motive this summer is a reboot: 58% of Russians go on vacation to clear their heads and relax. In second place is the search for new experiences (52%), in third place is the restoration and strengthening of health, as well as providing an interesting vacation for their children (29% each).

48% of respondents plan to spend less than 50 thousand rubles on a summer vacation, 32% – from 50 to 100 thousand rubles. The majority of respondents planning a summer vacation this year are young people aged 18-24 (71%) and 25-34 (73%). Half of the respondents (52%) plan to vacation for one to two weeks, while younger people (18-34) are more likely than others to plan shorter trips.

"The study shows that Russians have begun to split the classic two-week vacation more often. Modern tourists prefer to vacation several times in the summer, choosing short trips – the so-called weekend trips. This is confirmed by the statistics of the National Tourism Portal "Puteshestvoem.rf": the corresponding section on it is one of the most popular along with car routes. Today, the portal offers more than 200 options for short trips to almost all regions of the country, and most of them will be of interest to families with children. Family vacations are an ongoing trend, and their popularity will only grow, which is reflected in the demand for a variety of formats. We also see a growing interest in event and cultural and educational tourism," notes Sofia Malyavina, General Director of ANO "National Priorities".

Perhaps the most interesting and unexpected conclusion from the study is the diversity of popular recreation formats. Thus, the leaders are eco-trail travel and signature tours: they are chosen by 37% and 33% of respondents, respectively. These formats are most in demand among young people (25-34 years old). Also popular with this age group are retreats – a quiet holiday that involves removing yourself from society, various spiritual and health practices. Creative tourism is also gaining popularity – active recreation, where you can gain new knowledge and learn new skills: it was noted by 26% of respondents.

This year, 17% of Russians will go to the Black Sea coast of Krasnodar Krai, 12% plan to vacation in Crimea or take short trips close to home. Almost half (46%) of respondents assess seaside vacations in Krasnodar Krai as safe, 38% of respondents are ready to consider trips to the Black Sea coast if prices drop.

8% are planning to travel abroad, while 57% of respondents expressed a desire to visit other countries if restrictions are lifted.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial News: Ruble Strengthens Against Dollar in June, Stocks and Bonds Rise in Price

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The ruble rose against the US dollar for the seventh month in a row in June, while weakening slightly against the yuan. Demand for the currency from companies reached a year-low.

The softening of the Bank of Russia's rhetoric regarding the further trajectory of the key rate amid signs of slowing inflation supported the Russian financial market.

Yields on the OFZ and corporate bond markets continued to decline. Most major stock indices began to grow, with the Moscow Exchange Index up 0.7% over the month.

Read more in the next issue "Review of Financial Market Risks".

Preview photo: Jakub Zerdzicki / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Future rules on the IPO market: results of the discussion of the Bank of Russia report

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Bank of Russia defined prospects for regulating the IPO market after publicly discussing their initiatives. The proposed measures will contribute to the formation of best practices and improving the quality of IPOs.

The first part of the changes is aimed at adapting the information disclosed by issuers to the needs of investors. The summary of the securities prospectus will be transformed into a short and clear document, which reflects financial indicators in comparison with previous periods, a description of the company's development strategy, information on dividend policy and other key information. And the securities prospectus itself will need to include forecast indicators for the coming year.

Companies are also required to disclose information on the planned and actual distribution of shares among buyers, the existence of restrictions on the sale of securities by the issuer and current shareholders, as well as the mechanisms used to stabilize the price of shares to reduce their volatility after the IPO.

The regulator plans to establish a new listing condition. When entering an IPO, the issuer must submit at least two independent analytical reports with an assessment of the fair value of the company. They can be prepared by professional participants or audit organizations in the financial market. In their reports, they must reflect all the essential information about the company: the current position on the market and the results of activities, prospects and forecasts for development, possible risks. At the same time, they must justify the methodology of their assessment. As a result, retail investors will have access to high-quality analytics for making informed decisions.

For third-tier companies, additional guarantees of the reliability of information and the quality of the preparation of issue documentation will be attracted organizations providing services for the preparation of a securities prospectus and (or) the organization of placement. All changes are planned to be prepared by the end of 2025.

Preview photo: Vink Fan / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Yuri Trutnev: A competition has been announced for the concept of a monument dedicated to the victory of the Red Army in the last battle of World War II on Shumshu

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

On behalf of Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev, an open creative competition has been announced for the best architectural and artistic concept for a monument dedicated to the victory of the Red Army in the final battle of World War II. The monument will be erected on the Kuril Island of Shumshu. The organizers are the Russian Military Historical Society and the Office of the Presidential Plenipotentiary Representative in the Far Eastern Federal District.

"This year our country celebrates the 80th anniversary of the Great Victory. We honor the feat of our fathers and grandfathers who shed their blood for the freedom of the Motherland and a peaceful sky above their heads, the feat of workers who forged Victory in the rear. One of the most important tasks facing us is not just to remember the heroism of our people, but to pass on the memory of this to our descendants. World War II ended in the Far East. Here, on the Kuril island of Shumshu, the Kuril landing operation was carried out. During the war, Shumshu was an almost impregnable fortress. According to the laws of military art, in order to take fortified positions, the attackers must have at least a threefold superiority in forces. But here it was exactly the opposite: the Japanese troops were many times superior to the Soviet landing force. But we won, and our country put an end to World War II. Now, on the instructions of the President of the Russian Federation Vladimir Vladimirovich Putin, a military-historical memorial complex dedicated to the Kuril landing operation is being created on Shumshu. A decision has been made to erect a monument dedicated to the victory of the Red Army in this battle on the top of Mount Severnaya on Shumshu Island – in close proximity to the historical battlefield of Soviet paratroopers with Japanese tanks. A competition has been announced for this purpose. I am sure that there will be a great response from sculptors, artists and other creative people," said Yuri Trutnev.

The competition will be held until August 29, 2025 inclusive. Concepts will be accepted until 18:00 Moscow time on August 8, 2025. The expert committee will sum up the competition and announce its results on August 29, 2025.

There are several requirements for the concept of the monument. The main artistic idea of the monument being created is the image of the rapid advance of the Red Army, breaking through the line of defense of the Japanese troops in the final battle of World War II. The composition must be visually readable from all directions and become a key point of the space of the memorial ensemble.

The location of the monument was not chosen by chance. The most difficult moment of the Kuril operation was the landing of Soviet troops on the northernmost island of the ridge – Shumshu – with numerous defensive fortifications, underground tunnels and pillboxes.

The liberation of the Kuril Islands put an end to the Soviet-Japanese War and became one of the bloodiest operations of August-September 1945. The 2nd Far Eastern Front and the Pacific Fleet participated in the Kuril landing operation. The Soviet landing force landed on the islands without tanks and artillery, and had only light weapons.

The bloody battles for the capture of Shumshu Island lasted for several days. After the capitulation of the Japanese garrison of Shumshu on August 23, 1945, the islands of the northern and central part of the ridge were liberated, and a successful operation was carried out to capture the islands of Iturup, Kunashir, Shikotan, and Habomai.

The operation to liberate the Kuril Islands ended on September 1, 1945, one day before the end of World War II. Many soldiers distinguished themselves in valiant battles, 52 people were awarded the high title of Hero of the Soviet Union.

The regulations for holding an open creative competition for the best architectural and artistic concept of a monument dedicated to the victory of the Red Army in the last battle of World War II are posted at the link.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The government will allocate 15 billion rubles for the creation of modular hotels.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The work is being carried out on the instructions of the President.

Document

Order dated July 11, 2025 No. 1872-r

In 2025–2027, 15 billion rubles will be allocated from the federal budget to support investment projects to create modular tourist accommodation facilities, which will create additional places for comfortable recreation. The order on the distribution of these funds between the regions was signed by Prime Minister Mikhail Mishustin.

Subsidies will be provided to 55 regions, investment projects in which were selected based on the results of a competition held by the Ministry of Economic Development. There will be over 10 thousand more places for tourists to rest there.

State support funds will be used to provide financial support or reimburse expenses for the acquisition and installation of modular non-capital accommodation facilities for tourists. At the same time, investors in the Far East, the Arctic and the Far North are allowed to use subsidies for the construction of non-capital accommodation facilities of non-factory production. This is due to the remoteness of such territories from the centers of production of modular structures and the high cost of their delivery.

Among the priority areas are the implementation of investment projects in new regions and in the territories of special economic zones of the tourist and recreational type, the construction of facilities near automobile tourist routes passing through sections of the federal roads M-4 "Don", M-8 "Kholmogory", M-11 "Neva", M-12 "Vostok".

Support will be provided within the framework of the federal project “Creation of hotel rooms, infrastructure and new points of attraction”, which is part of the new national project “Tourism and Hospitality”.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, July 14, 2025

The issue was discussed at a meeting with deputy prime ministers on July 14. According to Mikhail Mishustin, in the previous three years, 20 billion rubles were allocated to 65 regions for these purposes, thanks to which about 13 thousand rooms for tourists were built.

“It is important that such projects are implemented within the specified timeframes and that they meet the highest safety requirements and provide comfortable conditions,” the head of government emphasized.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The government will allocate an additional 2.5 billion rubles to implement plans for the social development of economic growth centers in the Far Eastern regions

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Document

Order dated July 10, 2025 No. 1844-r

Over the course of three years, over 2.5 billion rubles will be additionally allocated for the implementation of social development plans for economic growth centers in the regions of the Far Eastern Federal District. The order on the distribution of funds reserved in the federal budget was signed by Prime Minister Mikhail Mishustin.

Thus, in 2025, projects implemented within the framework of social development plans for the Far Eastern economic growth centers will be financed in the amount of 242.6 million rubles, in 2026 – 1.9 billion rubles, in 2027 – 372.9 million rubles.

This will allow, among other things, to modernize the infrastructure of the advanced development areas in Buryatia, Zabaikalsky, Kamchatka and Khabarovsk Krais, Amur Oblast and the Jewish Autonomous Oblast. In addition, the events of the master plan for the development of the city of Ulan-Ude in Buryatia, work on technological connection to utility networks of housing construction projects within the framework of the Far Eastern Quarter program in Zabaikalsky Krai, on the reconstruction of public utility infrastructure facilities in Blagoveshchensk in Amur Oblast, and the acquisition of specialized road and public utility equipment in the Jewish Autonomous Oblast will be implemented.

The Government provides support to the economic growth centers of the Far East regions on a systematic basis on the instructions of the President. It is aimed at creating a comfortable living environment in the Far Eastern cities and towns, and realizing the economic potential of the Far Eastern regions.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, July 14, 2025

Commenting on the decision takenmeeting with deputy prime ministers on July 14, Mikhail Mishustin recalled that the Far East is one of the Government’s priorities.

“Attention is paid not only to the social component, but also to the formation of growth points in order to give the dynamics of the macro-region’s development a sustainable, long-term character,” noted the Prime Minister.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The government has written off the debt on budget loans of 25 regions.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Document

Order dated July 10, 2025 No. 1853-r

A number of Russian regions have been given the opportunity to write off up to two-thirds of their budget loan debt in 2025, totaling 42.7 billion rubles. The order to this effect was signed by Prime Minister Mikhail Mishustin.

The debt will be written off for 25 regions. These are the Altai Republic, Buryatia, Dagestan, Kabardino-Balkaria, Karachay-Cherkessia, Crimea, Mari El, North Ossetia, Tuva, Zabaikalsky, Perm and Khabarovsk Krais, Arkhangelsk, Bryansk, Kaluga, Kurgan, Novgorod, Omsk, Oryol, Pskov, Samara, Sverdlovsk, Chelyabinsk, Yaroslavl and the Jewish Autonomous Regions.

The amount of the write-off will correspond to the amount of funds allocated by these regions for the implementation of measures in the sphere of housing and communal services, the resettlement of citizens from dilapidated housing, the renovation of public transport, the development of key settlements, the implementation of new investment projects, as well as for the recapitalization of industrial development funds, guarantee and microfinance organizations and support for companies that manage territories with preferential tax regimes.

In addition, the debt of regions included in the Far Eastern Federal District and the Arctic zone will be written off in the amount of funds allocated for the implementation of activities within the framework of master plans of cities located in these territories, and for entities with low budgetary security – funds allocated for the implementation of national projects.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, July 14, 2025

“The funds remaining in the region will help speed up the solution of important tasks for our citizens, which will have a positive impact on the dynamics of both the regional and federal economies and, of course, the social sphere,” Mikhail Mishustin noted, commenting on the decision taken at a meeting with deputy prime ministers on July 14.

The rules for writing off regions' debt on budget loans and the list of areas for spending the released funds were approved by the Government in February 2025. The President instructed the Government to develop them following his Address to the Federal Assembly in 2024, as well as following the meeting of the Council for Strategic Development and National Projects and the State Council commissions on socio-economic development areas.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The government has approved additional measures to support tour operators in the field of outbound tourism

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Document

Order dated July 12, 2025 No. 1879-r

In 2025, the amount of contributions to the personal liability fund for tour operators in the outbound tourism sector will be reduced and the deadline for their payment will be extended.

According to the signed order, the amount of such contributions has been reduced from 1% to 0.75% of the total price of a tourism product in the field of outbound tourism for 2024.

By law, these contributions are paid in equal installments no later than the 15th of each month following the previous calendar quarter. Now the payment deadline has been moved from July 15 and October 15, 2025 to January 15, 2026.

The decision is aimed at supporting representatives of the tourism industry in the context of restrictions caused by the geopolitical situation in the Middle East. The released funds will be used, among other things, to return money to tourists who paid for trips to countries where restrictions are in place due to security threats.

Similar measures, providing for a reduction in the amount of contributions to the personal liability fund of tour operators in the field of outbound tourism, were taken by the Government in 2021 and 2022 due to the threat of the spread of coronavirus, and then external sanctions pressure.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Russian schoolchildren became winners of the 57th International Chemistry Olympiad

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The Russian team showed outstanding results at the 57th International Chemistry Olympiad, which ended in Dubai (United Arab Emirates). All four participants from Russia won gold medals. Deputy Prime Minister Dmitry Chernyshenko and Minister of Education Sergey Kravtsov congratulated the schoolchildren and their mentors on their victory.

"Every medal of Russian schoolchildren is a great joy and pride of the country. At a recent meeting, President Vladimir Putin especially noted the success of our Olympiad participants. All members of the team once again demonstrated their skills and received gold medals, scoring high points among about 1,000 representatives from 90 countries. As the head of state noted, we need to achieve excellence in chemistry and in the creation of new materials. I am confident that the winners of the International Chemistry Olympiad will be able to make a significant contribution to achieving this goal in the future," said Dmitry Chernyshenko.

The Russian team took second place in the team standings.

The head of the Ministry of Education noted that the children’s achievements are the result of hard work and perseverance, which the entire country can be proud of.

"On behalf of the Russian Ministry of Education and on my own behalf, I would like to sincerely congratulate you on your successful performance at the 57th International Chemistry Olympiad in Dubai! In the conditions of tough competition among thousands of young talents, you demonstrated a high level of knowledge. By taking prize places, you confirmed that the Russian school still holds a strong position in the international arena. We are proud of you and are confident that many new victories and achievements await you ahead," emphasized Sergey Kravtsov.

The Russian national team included:

• Konstantin Gunko (school No. 1589, Moscow);

• Viktor Demidov (TsPM school, Moscow);

• Vladimir Elistratov (TsPM school, Moscow);

• Fyodor Kuznetsov (school No. 1329, Moscow).

The team leader was Associate Professor of the Chemistry Department of Lomonosov Moscow State University Alexander Belov. His deputies were Leonid Romashov, a chemistry teacher at School No. 192, Maxim Likhanov, a senior lecturer at Lomonosov Moscow State University, and Maxim Kozlov, a chemistry teacher at Vorobyovy Gory. The Russian team was trained at the Chemistry Department of Moscow State University with the participation of the University Gymnasium.

International Chemistry Olympiad (IChO) (HTTPS: //ed.gov.ru/Press/10116/V-Duba-57-am-humorous-chemical-olimpiada-united-well …) is an annual competition for gifted schoolchildren interested in chemistry. It has been held since 1968.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.