Category: Economics

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Financial news: A press conference will be held on October 24 at 3:00 PM following the Board of Directors' meeting on monetary policy.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The event will be attended by Bank of Russia Governor Elvira Nabiullina and Bank of Russia Deputy Governor Alexey Zabotkin.

Elvira Nabiullina will make a statement on monetary policy and the medium-term forecast.

The press conference will be held at the Bank of Russia's press center. A broadcast of the speech will be available on our website and channel inTelegram, as well as on the official page inVKontakte.

Accreditation for journalists runs until 5:00 PM on October 22 at media@kbr.ru.

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.

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To Nikita Mikhalkov, People's Artist of Russia, Chairman of the Union of Cinematographers of the Russian Federation

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.

Mikhail Mishustin congratulated the actor, director, and screenwriter on his 80th birthday.

"An outstanding director, actor, screenwriter, and renowned public figure, you make a significant contribution to the development of Russian culture and world cinema. Your multifaceted work has been recognized with high state awards and prestigious international prizes.

The unforgettable images and films you created have become part of the golden fund of cinema, winning recognition from the professional community and the love of millions of fans.

As head of the Union of Cinematographers of Russia, you do a lot for the domestic film industry, devoting special attention to supporting film and theater professionals and promoting talented young people.

I wish you and your loved ones success, good health and prosperity."

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.

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Financial news: Moscow Exchange begins trading its 100th exchange-traded fund.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

On October 21, 2025, trading in the exchange-traded mutual investment fund (ETIF) "Finam Bonds with Payment" under the management of Finam Management began on the Moscow Exchange stock market. Trading code – FNBR.

The fund became the 100th in the Moscow Exchange's line of mutual funds and the first available simultaneously during the main, morning, and evening trading sessions, as well as during weekend trading.

The Finam Bonded Mutual Fund with Payment invests in government and corporate floating-rate bonds (floaters), as well as money market instruments such as repo transactions. Investments in repo transactions will not exceed 20% of the fund's assets.

The bonds in the mutual fund are selected so that unitholders can receive monthly coupon income. Payments will begin in July 2026, and until then, accrued coupons on the fund's securities will be reinvested.

Boris Blokhin, Managing Director for Stock Market and Digital Assets at Moscow Exchange:

"Exchange-traded funds remain one of the most convenient tools for investors. They allow you to diversify and optimize your portfolio by spreading your funds across different assets. Moscow Exchange offers a wide selection of funds, their composition is transparent, and shares are easy to buy and sell through the brokerage app. We congratulate the management company and look forward to seeing more exciting tools for investors."

Evgeny Tsybulsky, Director of Product Development at Finam Management:

"We see a strong demand for simple passive income tools. Our new mutual fund with monthly payments is a direct response to this demand. It combines three key advantages: the reliability of bonds, returns potentially exceeding deposit rates, and high liquidity. This makes the fund an excellent solution for both beginners and experienced investors."

The Finam Bonded Mutual Fund with Payment is available to non-qualified investors. The price per unit at the start of trading is 10 rubles. Securities can also be purchased using an individual investment account (IIA). The management company's fee for managing the fund is 0.5% per annum. After three years of continuous unit ownership, investors can take advantage of a tax benefit.

Moscow Exchange is Russia's largest exchange and the only multifunctional platform for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The Moscow Exchange Group includes a central depository and a clearing center that acts as a central counterparty in the markets, enabling Moscow Exchange to provide its clients with a full range of trading and post-trading services.

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.

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On October 21, Mikhail Mishustin will speak at the plenary session of the International Export Forum "Made in Russia"

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.

On October 21, Mikhail Mishustin will speak at the plenary session of the International Export Forum "Made in Russia" on the topic "Russia to the World: Strengthening Trust, Developing Global Connections."

The event will be attended by First Deputy Prime Minister Denis Manturov, Minister of Industry and Trade Anton Alikhanov, and Minister of Economic Development Maxim Reshetnikov.

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.

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They won't be left without profit – smart contracts will help banks make money on the digital ruble.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How will banks make money on the digital ruble?

Smart contracts are algorithms that execute preset operations with the digital ruble, such as transferring funds step by step in real estate transactions. Transactions are automated, and administration and control costs are reduced. The Central Bank of the Russian Federation plans to allow banks to profit from the digital ruble—commercial institutions will be granted the right to create smart contracts and publish them.

"There's been increased interest from banks in the digital ruble—major companies are already proposing their ideas, and smart contracts will be an interesting case for them," the Central Bank stated.

The regulator promises to publish the concept in early 2026. The development is being conducted in dialogue with banks, and their interests will be taken into account. Smart contracts will be implemented similarly to app stores: those interested in using the required algorithms will begin paying a fee to the developers.

When will the implementation of the digital ruble in Russia be completed?

The large-scale implementation of digital currency in Russia has been repeatedly postponed; the project is currently still in the testing phase with individuals and businesses. The plan is to introduce the electronic ruble gradually:

By September of next year, banks and large companies with annual revenues of ₽120 million or more will be able to access the digital currency; by September 2027, organizations with a turnover of ₽30 million or more will be able to do so; by September 2028, all organizations will accept the digital currency.

Prominent figures are being recruited to test the electronic payment method. For example, Central Bank employees, including Elvira Nabiullina, are expected to be test subjects; her team will be paid in digital rubles. The new payment method will be most useful in the public sector, where maximum transparency in handling budget funds is essential.

09:30 10/21/2025

Source:

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Financial news: 10/20/2025, 18:33 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXRM6 (DOMRFIA 01) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 20, 2025

18:33

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 20.10.2025, 18-33 (Moscow time), the values of the upper limit of the price corridor (up to 104.06) and the range of market risk assessment (up to 138.05 rubles, equivalent to a rate of 20.0%) of the security RU000A0JXRM6 (DOMRFIA 01) 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.

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Financial news: On 2025-10-21, the Federal Treasury will hold a deposit auction of 22,025,325 rubles.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 2025-10-21. Unique application selection identifier 22 025 325. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed in bank deposits, millions of monetary units 148,000,000,000. Placement period, in days 2. Date of depositing funds 21.10.2025. Date of return of funds 23.10.2025. Interest rate for placement of funds (fixed or floating)Single treasury account. Minimum fixed interest rate for placement of funds, % per annum 16.23. Basic floating interest rate for placement of funds-Minimum spread, % per annum-Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special)Fixed-term. The minimum amount of funds placed for one application, million monetary units 1,000,000,000. The maximum number of applications from one credit institution, pcs. 5. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time). Venue of application selection PJSC Moscow Exchange. Applications are accepted from 09:30 to 09:40. Applications in preliminary mode from 09:30 to 09:35. Applications in competition mode from 09:35 to 09:40. Random trading end period (sec.): 120. Bid step:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 10:20 to 10:50. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:20 to 11:00. Sending an offer to credit institutions to conclude a bank deposit agreement from 11:00 to 12:20. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 11:00 to 12:20. Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

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Financial news: 10/20/2025, 17:07 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A1098W8 (DOM 1P-18R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 20, 2025

17:07

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 20.10.2025, 17-07 (Moscow time), the values of the upper limit of the price corridor (up to 106.04) and the range of market risk assessment (up to 1339.85 rubles, equivalent to a rate of 10.0%) of the security RU000A1098W8 (DOM 1P-18R) 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.

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Alexander Novak met with the delegation of the Republic of Sudan.

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.

Deputy Prime Minister of Russia Alexander Novak held a working meeting with Minister of Finance and Economic Planning Jibril Ibrahim and Minister of Energy Elmutasim Ibrahim of the Republic of Sudan.

The parties discussed a wide range of issues of bilateral cooperation.

"Sudan is our important partner in Africa; we are committed to mutually beneficial cooperation and are committed to continuing our dialogue. We believe there is potential for Russia and Sudan to expand cooperation in various areas. At the 8th Joint Intergovernmental Commission on Trade and Economic Cooperation held last month, the most promising areas for development between our countries were identified. An understanding was reached on expanding bilateral cooperation in transport, energy, trade, agriculture, and education," emphasized Alexander Novak.

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.

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Financial news: The Bank of Russia will abolish the three-year inspection frequency starting in 2026.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Regulator made changes In the instructions on the procedure for conducting inspections of supervised entities. One of the main innovations is the abolition of the mandatory three-year inspection frequency.

This applies, in particular, to credit institutions, non-state pension funds, trade organizers, payment system operators, credit bureaus, large insurers and professional participants in the securities market.

Amendments to the Bank of Russia's instructions will come into effect on October 31, 2025, and starting in the first half of 2026, inspections will be scheduled solely on the basis of a risk assessment and the specific activities of each financial market participant.

Preview photo: GalacticDreamer / Shutterstock / Fotodom

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.