Dmitry Grigorenko: The government is strengthening citizen protections in the digital space.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

The government is submitting a second package of measures to protect citizens from fraudsters to the State Duma for consideration. The document includes approximately 20 initiatives aimed at reducing the risks of cyberfraud and enhancing user security. The development of these measures is being overseen by Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko.

Key innovations include a requirement to restore access to a government services portal account only through trusted methods, including through multifunctional centers (MFCs), bank apps or websites, and biometrics. This reduces the likelihood of fraudsters gaining access to a citizen's account.

The second package also includes the introduction of children's SIM cards, which will allow parents to control their children's access to inappropriate content and reduce the risk of minors being drawn into fraudulent schemes.

A systematic fight against so-called droppers—individuals who provide fraudsters with access to their bank accounts—is ongoing. A proposal is to limit the number of bank cards to no more than 20 per person (no more than five cards per bank). This will complicate the creation of an infrastructure for cashing out criminally obtained funds.

Additionally, international phone call labeling is being introduced. This will allow citizens to more quickly recognize fraudulent calls and make informed decisions to avoid falling victim to phone scams.

The bill also enshrines citizens' right to report cyber fraud through the government services portal. This mechanism will allow for the prompt recording of incidents and the automatic notification of banks, telecom operators, and digital platforms about cybercriminal activity.

The bill also provides telecom operators with the right to use measures, including artificial intelligence, to identify suspicious calls. Similar algorithms (so-called voice anti-fraud) are already actively used by businesses to monitor service quality and combat fraud.

In addition, the obligation for telecom operators to transfer information about numbers from and to which fraudulent calls are made to the GIS Antifraud registry is established, as well as to suspend traffic to numbers included in the registry.

Special attention has been given to combating phishing. A ban on the dissemination of information aimed at deceiving users and stealing their data has been introduced, along with mechanisms for the prompt and extrajudicial blocking of fraudulent (phishing) websites. Previously, only resources imitating the websites of banks and financial institutions were subject to mandatory blocking.

All these measures are aimed at making the digital environment safer, protecting citizens' personal data, and making it more difficult for fraudulent schemes to be carried out.

"We're creating a multi-layered security system where people are no longer left alone against fraudsters. The government, banks, telecom operators, digital platforms—the country's entire digital infrastructure—are now involved in combating cybercrime. Together, we're constantly introducing new, easy-to-understand tools to combat fraud and increasing citizens' digital literacy. This significantly complicates the implementation of fraudulent schemes," said Dmitry Grigorenko.

In April of this year, the government's first package of anti-fraud measures was adopted. It includes approximately 30 initiatives to protect citizens from cybercriminals, and these provisions have already entered into force.

Thus, a ban is currently in effect on the use of foreign messaging apps by employees of government agencies, banks, and telecom operators when communicating with clients. Furthermore, call labeling for legal entities has been introduced. This means that during a call, the caller immediately sees the organization's details and the purpose of the call on their phone screen. The measures also include a self-imposed ban on loans and credits. Over 20 million citizens have already implemented this ban.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: The first organization received the status of indicator administrator (December 24, 2025).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

On December 24, 2025, the Bank of Russia entered into the register of indicator administrators information about the first indicator administrator – Moscow Exchange PJSC – and about the methodology for determining and providing the financial indicator (the Methodology for calculating the RUSFAR indicator).

The financial indicator (Moscow Exchange Money Market Rate RUSFAR) can be used as a price benchmark for determining the cost of raising funds under secured obligations, as a basic indicator when creating futures instruments and exchange-traded mutual funds, and for various investment and informational and analytical purposes.

You can read the text of the methodology for determining and providing the financial indicator inorganization card on the regulator's website.

Changes to the law about the Bank of Russia, according to which it admits administrators of financial and commodity indicators to the financial market and maintains the corresponding register, came into force September 1, 2025

The regulation is aimed at using indicators whose methodologies are included in the register in regulatory documents issued by government agencies and the Bank of Russia. Expanding the register will facilitate the substitution of foreign quotes, increase confidence in the financial and commodity markets, reduce the risks of manipulation, and improve the effectiveness of market risk management.

When using the material, a link to the Press Service of the Bank of Russia is required.

December 24, 2025

19:04:00

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: Signs of fraudulent transfers from January 1, 2026.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

This can be done in one of two ways:

Submit a request to any bank where you or your company serves. The bank is obligated to forward the client's request to the Bank of Russia no later than the next business day (unless there is a reason to refuse to forward the request to the Bank of Russia). Submit the request to the Bank of Russia via the online reception, selecting "Information Security" as the subject and the relevant issue.

Regardless of the method of application, individual entrepreneurs and individuals engaged in private practice must include the following information in their application:

— series (if any) and numbers of identity documents;

— INN;

— bank account numbers, and/or payment cards, and/or electronic wallets.

Additionally, you may indicate in your application the full and abbreviated (if any) names of the banks from which you learned about the inclusion of information in the Bank of Russia database, and/or their bank identification codes, as well as a telephone number.

A legal entity must include the following information in its application:

— INN;

— bank account numbers, and/or payment cards, and/or electronic wallets.

A legal entity may additionally provide the series (if any) and numbers of identity documents, the SNILS of an individual performing the functions of the sole executive body of a legal entity, as well as the full and abbreviated (if any) names of the banks from which you learned about the inclusion of information in the Bank of Russia database, and (or) their bank identification codes.

Moreover, if the bank believes that information about its client has been included in the database without justification, it has the right to independently, without the client’s participation, send a reasoned statement to the Bank of Russia.

The Bank of Russia will review the application within 15 business days and decide whether to remove the details from the database.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: 12/24/2025, 5:49 PM (Moscow time) the upper limit of the price corridor and the market risk assessment range for the RU000A0JUKX4 security (DOM.RF30ob) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 24, 2025

17:49

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on 24.12.2025, 17-49 (Moscow time), the values of the upper limit of the price corridor (up to 106.9) and the range of market risk assessment (up to 1108.08 rubles, equivalent to a rate of 7.5%) for the security RU000A0JUKX4 (DOM.RF30ob) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On the procedure for the preliminary collection of applications for the placement of bonds of series CIB-SN-CRO-001S-186 of Joint-Stock Company Sberbank CIB from December 25, 2025.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

Based on the letter received from Joint Stock Company Sberbank CIB and in accordance with Part I. General Part of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Public Joint Stock Company Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board on August 1, 2025 (Minutes No. 4), clause 1.7.2, clause 1.8.5, clause 1.8.8, clause 1.8.10 and clause 1.8.11 of Part II. The Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market, and Credit Market of Public Joint-Stock Company Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board on August 1, 2025 (Minutes No. 4), establishes the following conditions, time, deadline, and procedure for submitting applications with the activation date and concluding transactions with structured book-entry non-convertible bonds with collateral series CIB-SN-CRO-001S-186 of Joint-Stock Company Sberbank CIB

Name of the Issuer Joint Stock Company "Sberbank CIB"
Name of the security structured interest-bearing, discount, non-documentary, non-convertible, secured bonds, series CIB-SN-CRO-001S-186
Issue registration number 6-186-01793-A-001P dated 06/18/2025
Placement start date January 22, 2026
Information about the placement (Trading mode, placement form) The "Placement: Addressed Orders" trading mode involves concluding transactions based on addressed orders at a fixed price (yield). (Settlement: Ruble)
Preliminary collection of applications Activation date: 22.01.2026 Activation time: 10:00 Schedule of preliminary collection of orders: Settlement code: Z0 Start date of the period for collecting orders: 25.12.2025 End date of the period for collecting orders: 21.01.2026 Time for collecting orders every working day of the Exchange: 10:00 – 23:50

Collection of applications during the preliminary collection period is possible in the evening (additional) session. The procedure for monitoring the collateral for an application submitted during the application collection period is carried out at the time of activation of such an application. The procedure for monitoring the collateral for an application submitted on 22.01.2026, as well as on other days of placement, is carried out at the time of filing such an application. Withdrawal of applications is allowed during the application collection period, during the application collection period on the activation date, as well as during the application collection period and the conclusion of transactions during the placement of Exchange-traded bonds. The seller of Exchange-traded bonds will be JSC Sberbank CIB (identifier in the trading system – MC0005500000) (hereinafter referred to as the Seller). Placement price: The placement price of the bonds is set equal to 457.5 rubles per Exchange-traded bond (45.75% of the par value of the Exchange-traded bond). The size of one lot in the trading mode "Placement: Addressed orders" is equal to 1 Exchange-traded Bonds. Applications for the purchase of Exchange Bonds during the preliminary application period must be submitted with the following mandatory details:

Activation date (this application detail is filled in automatically in the “DDMMYYYY” format by the Trading System); the number of securities in lots (the maximum number of securities that a potential buyer would like to purchase); settlement code; other mandatory details established by the Trading Rules; price as a percentage of the par value.

Applications for the purchase of Exchange Bonds during the placement period must be submitted with the following mandatory details:

Number of securities in lots (the maximum number of securities that a potential buyer would like to purchase); Settlement code; Other mandatory details established by the Trading Rules; Price as a percentage of the par value.

The activation date is the start date of the placement of Exchange Bonds (22.01.2026).

Trade code RU000A10CCZ7
ISIN code RU000A10CCZ7
Settlement code Z0
Trading time on the placement start date Trading hours on the placement start date: application collection period: 10:15 – 16:00; application fulfillment period: 16:15 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

Time of trading during placement during a period other than the start date of placement

Time for collecting applications and concluding transactions: 10:00 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

On the basis of the issue documents, when placing securities, it is not permitted to submit applications and execute transactions on behalf of Trading Participants, as well as on behalf of Clients of Trading Participants, if such persons are associated with a foreign state included in the List of foreign states and territories committing unfriendly acts against the Russian Federation, Russian legal entities and individuals, approved by Order of the Government of the Russian Federation dated 05.03.2022 No. 430-r (as amended on the date of filing the application), or are under the control of the said persons, with the exception of controlled foreign companies in accordance with Decree of the President of the Russian Federation dated 05.03.2022 No. 95 “On the temporary procedure for fulfilling obligations to certain foreign creditors”.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On the procedure for the preliminary collection of applications for the placement of bonds of series CIB-SN-EQ-001S-337 of Joint-Stock Company Sberbank CIB from December 25, 2025.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

Based on the letter received from Joint Stock Company Sberbank CIB and in accordance with Part I. General Part of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Public Joint Stock Company Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board on August 1, 2025 (Minutes No. 4), clause 1.7.2, clause 1.8.5, clause 1.8.8, clause 1.8.10 and clause 1.8.11 of Part II. The Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market, and Credit Market of Public Joint-Stock Company Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board on August 1, 2025 (Minutes No. 4), establishes the following conditions, time, deadline, and procedure for submitting applications with the activation date and concluding transactions with structured book-entry non-convertible bonds with collateral series CIB-SN-EQ-001S-337 of Joint-Stock Company Sberbank CIB

Name of the Issuer Joint Stock Company "Sberbank CIB"
Name of the security structured interest-bearing, discount, book-entry, non-convertible, secured bonds, series CIB-SN-EQ-001S-337
Issue registration number 6-337-01793-A-001P from 09.25.2025
Placement start date December 26, 2025
Information about the placement (Trading mode, placement form) The "Placement: Addressed Orders" trading mode involves concluding transactions based on addressed orders at a fixed price (yield). (Settlement: Ruble)
Preliminary collection of applications Activation date: 12/26/2025 Activation time: 10:00 Preliminary application collection schedule: Settlement code: Z0 Application collection period start date: 12/25/2025 Application collection period end date: 12/25/2025 Application collection time: 10:00 – 23:50

Collection of applications during the preliminary collection period is possible in the evening (additional) session. The procedure for monitoring the collateral for an application submitted during the application collection period is carried out at the time of activation of such an application. The procedure for monitoring the collateral for an application submitted on 26.12.2025, as well as on other days of placement, is carried out at the time of filing such an application. Withdrawal of applications is allowed during the application collection period, during the application collection period on the activation date, as well as during the period of collecting applications and concluding transactions during the period of placement of Exchange-traded bonds. The seller of Exchange-traded bonds will be JSC Sberbank CIB (identifier in the trading system – MC0005500000) (hereinafter referred to as the Seller). Placement price: The placement price of bonds is set equal to 1,000 rubles per Exchange-traded bond (100% of the par value of the Exchange-traded bond). The size of one lot in the trading mode "Placement: Addressed orders" is equal to 1 Exchange-traded Bonds. Applications for the purchase of Exchange Bonds during the preliminary application period must be submitted with the following mandatory details:

Activation date (this application detail is filled in automatically in the “DDMMYYYY” format by the Trading System); the number of securities in lots (the maximum number of securities that a potential buyer would like to purchase); settlement code; other mandatory details established by the Trading Rules; price as a percentage of the par value.

Applications for the purchase of Exchange Bonds during the placement period must be submitted with the following mandatory details:

Number of securities in lots (the maximum number of securities that a potential buyer would like to purchase); Settlement code; Other mandatory details established by the Trading Rules; Price as a percentage of the par value.

The activation date is the start date of the placement of Exchange Bonds (December 26, 2025).

Trade code RU000A10CXL3
ISIN code RU000A10CXL3
Settlement code Z0
Trading time on the placement start date Trading hours on the placement start date: application collection period: 10:15 – 16:00; application fulfillment period: 16:15 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

Time of trading during placement during a period other than the start date of placement

Time for collecting applications and concluding transactions: 10:00 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.

On the basis of the issue documents, when placing securities, it is not permitted to submit applications and execute transactions on behalf of Trading Participants, as well as on behalf of Clients of Trading Participants, if such persons are associated with a foreign state included in the List of foreign states and territories committing unfriendly acts against the Russian Federation, Russian legal entities and individuals, approved by Order of the Government of the Russian Federation dated 05.03.2022 No. 430-r (as amended on the date of filing the application), or are under the control of the said persons, with the exception of controlled foreign companies in accordance with Decree of the President of the Russian Federation dated 05.03.2022 No. 95 “On the temporary procedure for fulfilling obligations to certain foreign creditors”.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Marat Khusnullin: Around 15,000 km of roads have been commissioned this year under the "Infrastructure for Life" national project.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

Systematic work to upgrade the country's road infrastructure continues. Thanks to the "Infrastructure for Life" national project, 4,900 km of federal roads and 10,100 km of regional and local roads have been commissioned as of early December, according to Deputy Prime Minister Marat Khusnullin.

"2025 was a productive year for road workers. We've done a lot of work, updating and extending the road maintenance plan until 2030. Thanks to the support of the President and the Prime Minister, as well as the work of the Ministry of Finance, the Ministry of Transport, Rosavtodor, governors, and regional teams, the implementation of the "Infrastructure for Life" national project proceeded smoothly, and many large-scale projects were commissioned significantly ahead of schedule. Thanks to the "Regional and Local Road Network" federal project alone, more than 3,100 projects were built, reconstructed, and repaired in the first 11 months of 2025. This includes 2,800 road sections totaling over 10,100 km and 308 artificial structures (25,400 linear meters). In total, 4,900 km of federal roads and 10,100 km of regional and local roads were commissioned in the first 11 months under the national project. The bulk of the roadwork has been completed, and commissioning procedures are underway," said Marat Khusnullin.

As before, special attention is paid to transport accessibility of socially significant institutions: schools, hospitals, sports complexes.

"True care for people begins with improving the roads they use every day. Therefore, we are paying close attention to creating comfortable and safe infrastructure near socially significant institutions. This year, we have already repaired, reconstructed, and built 3,000 kilometers of roads to educational facilities, 2,400 kilometers to healthcare facilities, and another 700 kilometers to stadiums, youth schools, and sports arenas. Equally important is accessibility to tourist attractions; since the beginning of the year, 2,200 kilometers of tourist routes have been built and renovated," noted Transport Minister Andrei Nikitin.

Among the national project's priority objectives are the development of key transport arteries and the creation of efficient logistics corridors. As a reminder, the total length of federal highways in the country is over 66,500 km, of which 61,500 km are under the jurisdiction of the Federal Road Agency, and another 5,000 km are under the trust management of the Russian State Road Agency (Rosavtodor). In just 11 months, over 4,900 km of the country's federal road network have been commissioned, including over 435 km of construction and reconstruction projects. In particular, a significant amount of work has been completed on the road network under the jurisdiction of Rosavtodor.

"In 2025, we were able to implement a number of large-scale, significant projects. Thanks to the federal project 'Development of the Federal Network' of the national project 'Infrastructure for Life,' 4,200 km of federal roads under the jurisdiction of Rosavtodor were commissioned in 11 months, including 115.2 km under construction and reconstruction. This is another major step toward creating high-quality and reliable transport infrastructure in Russia's regions, ensuring comfortable and safe conditions for passenger and freight transportation, creating a transport infrastructure based on the principles of seamless logistics, and improving people's quality of life," emphasized Roman Novikov, head of the Federal Road Agency.

In particular, in the Chechen Republic this year, comprehensive overhaul work continued on sections of the R-217 "Kavkaz" federal highway from the 59th to the 69th kilometer between the villages of Itum-Kali and Veduchi. The work was completed on the approach to the popular Veduchi tourist complex, in a mountainous area with a seismicity level of approximately 9 on the Medvedev-Sponheuer-Karnik scale.

One of the largest projects on the regional road network is the bridge across the Ob River in Surgut (Khanty-Mansi Autonomous Okrug), built through the "Infrastructure for Life" national project. The bridge was commissioned in mid-October, and in the first month alone, over 100,000 vehicles used it.

This large-scale infrastructure project, in addition to the bridge itself across the Ob River, includes eight other artificial structures and 43 kilometers of road. In addition to relieving existing traffic, the bridge crossing has a significant impact on the development of the regional and national transportation network. It is part of the key federal routes Tyumen-Surgut-Salekhard and Perm-Khanty-Mansiysk-Nizhnevartovsk-Tomsk, and is also part of the international Arctic-Asia transport routes and the Northern Latitudinal Passage.

Among the projects leading to socially significant institutions is a new road to a new school building in the village of Chigiri in the Amur Region. The section from Vasilenko Street (0.75 km) opened three months ahead of the contract deadline.

One of the key objectives of the "Infrastructure for Life" national project is to reduce road traffic accident mortality by 50% by 2030 and by 50% by 2036, compared to 2023 levels. To achieve this, a comprehensive set of measures is being implemented, including the installation of road safety features.

Thus, over the course of 11 months, more than 400 traffic lights, over 133,000 linear meters of street lighting, over 450,000 linear meters of barriers, and over 100,000 linear meters of pedestrian fencing have been installed at national project sites. In addition, 412,700 linear meters of sidewalks, 7,600 linear meters of pedestrian paths, 2,600 linear meters of rumble strips, and over 63,000 road signs have been installed.

Furthermore, the regions are conducting extensive work aimed at preventing child road traffic injuries. Specifically, the All-Russian online Olympiad "Safe Roads" was held for the sixth time in 2025. It attracted 6.3 million schoolchildren from across the country, a 15% increase from the previous year.

Intelligent transport systems, which are already being implemented in 65 of the country's largest cities thanks to the national project, also help improve the safety of all road users and optimize traffic flows.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: Alexander Zhdanov appointed CEO of DIA (December 24, 2025).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Alexander Zhdanov has been appointed CEO of the state corporation Deposit Insurance Agency (DIA) effective January 13, 2026. This decision was made by the DIA Board of Directors.

A. Zhdanov worked at the Bank of Russia for over 20 years in various positions, and since June 2017, he has headed the Bank of Russia's Financial Recovery Department.

When using the material, a link to the Press Service of the Bank of Russia is required.

December 24, 2025

17:32:00

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Financial news: The Bank of Russia has postponed the publication of information on some participants in the payment services market for another year (December 24, 2025).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The Board of Directors of the Bank of Russia decided to extend for another year, up to and including December 31, 2026, suspension of publication on its website information about foreign payment service providers included in the list of foreign payment service providers.

At the same time, the procedure for maintaining the list, as provided for by Bank of Russia Instruction No. 5429-U dated 06.04.2020, remains in effect.

When using the material, a link to the Press Service of the Bank of Russia is required.

December 24, 2025

17:18:00

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Meeting of Russian President Vladimir Putin with members of the Government.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

Vladimir Putin held a meeting with members of the Government.

From the transcript:

V. Putin: Dear colleagues, good afternoon!

We are meeting at the end of December to review the past year and discuss the results achieved in economic, social, and national development. And, of course, what issues require greater attention and additional efforts from both the federal government and our regional colleagues, both in the near future and in the long term.

I would like to point out that the Government is acting in a coordinated and professional manner, implementing a comprehensive agenda aimed at bringing about tangible positive changes in the lives of its citizens and the entire country. Despite all the challenges, Russia is moving forward and developing. Our key macroeconomic indicators are stable, the structure of the national economy is gradually shifting toward high-value-added industries, inflation is declining, and unemployment is at a historically low level.

It is crucial that the Government balances the budget, which guarantees the stability of the country's financial system. We are fulfilling all social obligations, including decisions to support families with children. The state of public finances allows us to fully cover defense and security expenditures while simultaneously setting a higher pace in key development areas under the new national projects. Their launch has become, in many ways, a landmark, crucial event of this year.

What I'd like to emphasize here again is that extensive, intensive work is being carried out within the framework of national projects, in collaboration with regional teams, businesses, and public associations. Our shared goal is to achieve long-term national development goals.

This primarily involves overcoming demographic challenges and achieving robust birth rate growth. We must elevate the domestic economy and technology to a new level, strengthen our healthcare and education systems, address systemic infrastructure issues, improve our cities and towns, and improve the quality of life for Russian citizens.

Let me repeat: we face ambitious goals. But this is the call of the times, this is the demand of our citizens. And only together, only by fully dedicating ourselves, with maximum responsibility and commitment in every area, will we be able to achieve success.

It is precisely this kind of constructive, results-oriented work that I call on everyone to do next year – and beyond.

Anything else I'd like to add? Last week, as you know, there wasstraight lineAmong other things, issues raised by citizens were discussed. Among them was a question from large families. You know, the fact is that families lose their right to receive the unified benefit if their combined income exceeds the established threshold by just a little.

Mikhail Vladimirovich and I discussed this issue quite recently, just a couple of days ago. We need to find a flexible, effective solution to support large families. Is money being allocated for this? Yes, it is. You know, the budget won't receive any income if this allocated money doesn't reach families. Someone goes to work. So what? We need to ensure that not only the individual, but also the family, doesn't lose anything, but that they also receive some kind of supplement to the family budget. Otherwise, there's no point in going to work. What's the point then? Or work "under the table"—which is bad for the budget, too, since even if the taxes are reduced, they'll still be completely absent, right?

Therefore, I urge my colleagues in the Government, the State Duma, and the regions to quickly finalize and make informed decisions in favor of Russian families.

Another question raised during the direct line concerns fines for developers who fail to deliver apartments to equity holders on time.

As you may recall, we introduced a moratorium on such fines during the pandemic. We did this to support the construction industry, and the moratorium has since been extended several times.

The current housing market situation no longer requires such support for developers. However, for homebuyers, the penalty plays a significant role, strengthening their rights if the delivery of apartments is delayed.

The current moratorium on fines for late completion expires on December 31, and we have agreed not to extend it. However, I would like to emphasize to my colleagues that we must systematically work with developers to ensure they fulfill their obligations to homebuyers on time.

This is what I wanted to say at the beginning of our conversation. And now I would like to congratulate all members of the Government, my colleagues in the Government Office, in the constituent entities of the Federation, and the staff of ministries and agencies on the upcoming New Year. Thank you very much for your collaboration.

I'm glad to see the Government in full force today, with representatives from various agencies (here) and the security forces present, and the head of the Central Bank, Elvira Sakhipzadovna (Nabiullina), here. I would ask you to attend Government meetings more often.

Mikhail Vladimirovich, please.

M. Mishustin: Thank you. Dear Vladimir Vladimirovich!

First of all, I would like to thank you for your assessment of the Government's work. In 2025, which is now drawing to a close, as in previous years, Russia faced many challenges and complex tasks—the ongoing sanctions against our country, the ongoing attempts to destabilize our economy and throw it off balance.

Under your leadership, we work as a united, cohesive team, like a well-oiled machine, solving our assigned tasks. Thanks to your mentorship, I am confident that everything is achievable in the future. Each of us understands the primary goal of this work: to achieve sustainability in key areas (industrial, financial, and social) and create additional opportunities for the development of our country, ensuring the well-being of our citizens.

All of this is defined in national projects, projects for achieving technological sovereignty approved by you, and in other strategic documents that we are consistently implementing.

We will also continue to do everything in our power with full responsibility, justifying the great trust you have placed in us. And of course, on behalf of all members of the Government, please allow me to congratulate you on the upcoming New Year and Merry Christmas, wish you all the best, and thank you for your collaboration.

Thank you, Vladimir Vladimirovich.

Original –http://kremlin.ru/events/president/nevs/78854.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.