Category: Central Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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INdocument The Bank of Russia has outlined the goal and main principles of monetary policy. In addition to the one published in July base scenario The project presents three alternative scenarios for economic development over the next three years: disinflationary, proinflationary, and risky.

The scenarios differ in their assumptions, which concern both internal and external conditions. They take into account both emerging trends and possible risks, which allows the Bank of Russia to be prepared for different scenarios.

In all scenarios, monetary policy is aimed at returning annual inflation to 4%. To achieve this goal, the Bank of Russia will take the necessary measures, taking into account the current state of the economy, price dynamics, and the situation on the financial markets.

The document contains appendices and inserts, including on the interaction of monetary and budgetary policies, on changes in banking regulation in 2023–2025 and their impact on monetary policy, on companies’ interest expenses and the cost channel.

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.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

People are increasingly using biometrics and QR codes to pay for everyday purchases. The number of such transactions has increased significantly since the beginning of the year.

In total, bioacquiring was used about 60 million times in the second quarter of this year, paying for goods and services worth about 45 billion rubles. The number of payments was 1.5 times more than in the first quarter of 2025, and 11 times more than in the same period last year. The average transaction bill was 770 rubles in April-June 2025 versus 774 rubles 3 months earlier.

As for QR codes, they were used almost 990 million times from April to June to pay for purchases worth more than 1.3 trillion rubles. These figures exceed the same figures for the first quarter of 2025 by 25% in quantity and by 16% in amount.

More detailed information on the dynamics of data in the payment market can be found inBank of Russia statistics.

Preview photo: Kunlathida6242 / 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.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

In January-June 2025, ordinary motorists issued 17.9 million classic MTPL policies for personal cars, which is 4.2% more than a year earlier. The number of motor hull insurance contracts with citizens also increased by almost 5%.

During this period, the average cost of classic MTPL policies for private cars of ordinary people decreased by 4%, to 6.8 thousand rubles, and the payment on them increased by an average of 17% and amounted to 108.4 thousand rubles. The average insurance premium for motor hull insurance for individuals remained virtually unchanged – 20.3 thousand rubles, while the payment increased by an average of almost 12%, to 183.1 thousand rubles.

Overall, the insurance market grew by about a third in the first half of the year, to 1.8 trillion rubles. Read more about the situation on the market in January-June of this year in"Review of key performance indicators of insurers for the second quarter of 2025".

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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.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1, microfinance organizations (MFOs) must check, whether the details for transferring an online loan really belong to the borrower. This will help fight fraudsters who draw up contracts for unsuspecting citizens and receive the money themselves.

Now MFIs will be required to verify the name, patronymic (if any) and last name (or the first letter of the last name) of the person who wants to take out a loan and the owner of the account or card to which the money will be received. To do this, they will request information about the owner of the account or card from the bank. In addition, the person can provide a certified certificate from the Federal Tax Service about the accounts and cards opened by him. This will speed up the receipt of the loan.

For clients who have already taken out two or more loans from an MFI within a year prior to the date of the new application and used the same bank account or card, verification is not required.

If a person does not plan to take out a loan in the near future, he can set self-prohibition to conclude consumer credit or loan agreements with him.

Preview photo: Andrii Yalanskyi / 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.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Bank customers who have had their accounts and cards suspended or their access to remote banking services (such as a mobile application) restricted should know the grounds for this and what to do to restore service. This is reported ininformation letter of the Bank of Russia.

Nowadays, people often do not understand why their card was blocked and how to solve this problem, since credit institutions do not always clearly disclose the reasons for their actions.

In its letter, the regulator draws attention to the fact that banks must provide their clients with full information on the basis of which federal law and in accordance with which of its provisions the decision was made. Banks should clearly distinguish between the requirements of Federal Law No. 161-FZ "On the National Payment System", aimed at combating fraudulent transactions, and Federal Law No. 115-FZ "On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism". It is important that banks inform clients of what they need to do to protect their rights and lift restrictions.

Currently, the regulator records cases where a bank, referring to both laws simultaneously, does not have sufficient grounds for introducing double restrictions. This practice is also unacceptable, and banks should avoid it.

The Bank of Russia will monitor how credit institutions comply with its recommendations.

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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.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1, 2025, health insurance organizations (except foreign insurance organizations) engaged in compulsory medical insurance will be able to operate throughout the territory of Russia.

Federal Law No. 552-FZ of 28.12.2024 "On Amendments to Certain Legislative Acts of the Russian Federation" comes into force. Previously issued licenses for the provision of compulsory medical insurance services with a list of regions for work on the territory of the Russian Federation are subject to renewal within a year, until September 1, 2026. More details about changes— on the website of the Bank of Russia.

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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.