Category: Economics

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Financial news: The first exchange placement of mutual fund units took place on the Moscow Exchange.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In October 2025, the first placement of interval mutual fund units on the Moscow Exchange, following IPO/SPO standards, was completed. The transactions were conducted in test mode.

Astra Management Company issued new units of the mutual fund for qualified investors “Hedge Fund R5” (trading code – RU000A105153) and “Hedge Fund D5” (trading code – RU000A106MG3) within the open interval.

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

"Placing units of interval funds using exchange-traded infrastructure significantly simplifies the process, reduces costs, and expands the pool of potential clients for management companies. This year, management companies have already completed 14 closed-end and interval fund placements, totaling almost two billion rubles. We are confident that the active use of infrastructure services by management companies will provide additional impetus for increasing the accessibility of the Russian collective investment market."

The placement of fund units is carried out in a separate trading mode and consists of several stages: collecting orders, activating them, and concluding transactions. On behalf of the management company, the underwriter acts as the seller of new fund units. The placement mode for issuing new units of established mutual funds on the Moscow Exchange began in December 2020 and is actively used by management companies to place units of closed-end mutual investment funds, including those intended only for qualified investors.

Around 10 management companies have already taken advantage of the opportunity to place shares using the exchange infrastructure.

Today, nearly 200 units of various mutual investment funds from over 40 Russian management companies are available to investors on the Moscow Exchange.

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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Financial news: On October 20, 2025, 13-12, the values of the lower limit of the repo price corridor, the carry rate, and the range of interest rate risk assessment for the ABIO (iARTGEN ao) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 20, 2025

13:12

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 20.10.2025, 13-12 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -35.8%), the transfer rate and the range of interest rate risk assessment (up to -0.075 rubles, equivalent to a rate of 57.41%) of the ABIO security (iARTGEN ao) 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 October 20, 2025, JSC KAVKAZ.RF will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 20.10.2025. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 120,000,000. The placement period is 65 days. The date of depositing funds is 21.10.2025. The date of return of funds is 25.12.2025. The minimum placement interest rate, % per annum is 16.35. The terms of the conclusion are urgent or special (urgent). The minimum amount of funds placed for one application (in the placement currency) is 120,000,000. The maximum number of applications from one Participant is 1. The auction form is open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 1:30 PM to 1:40 PM. Competitive bids from 1:40 PM to 1:45 PM. The cutoff percentage may be set or the auction may be declared void by 1:55 PM. Additional terms and conditions.

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: 10/20/2025, 11:34 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A106TR5 (VimpelK3R3) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 20, 2025

11:34

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 20.10.2025, 11:34 (Moscow time), the values of the upper limit of the price corridor (up to 96.03) and the range of market risk assessment (up to 1044.41 rubles, equivalent to a rate of 18.75%) of the security RU000A106TR5 (VimpelK3R3) 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 October 20, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 20.10.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 146,000,000. Placement term, days – 123. Date of depositing funds is 20.10.2025. Date of return of funds is 20.02.2026. Minimum placement interest rate, % per annum is 15.9. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 146,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary applications from 12:20 to 12:30. Competitive applications from 12:30 to 12:35. Setting the cutoff interest rate or declaring the auction invalid before 12:50. Additional terms and conditions – Placement of funds with the option of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for the placement of funds of the Moscow Small Business Lending Promotion Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

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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The government has distributed subsidies for the implementation of the Zemsky Trainer program in the regions of the Far Eastern and Central Federal Districts.

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.

Document

Order No. 2892-r of October 15, 2025

Prime Minister Mikhail Mishustin signed an order distributing subsidies to regions in the Far Eastern and Central Federal Districts for the implementation of the "Zemsky Trainer" program, launched on the President's instructions, in 2025.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, October 20, 2025

Funds totaling 90.6 million rubles will be allocated to 26 regions that applied for subsidies in 2025. These include the Republics of Buryatia and Yakutia; the Trans-Baikal, Kamchatka, Primorsky, and Khabarovsk Krais; the Amur, Belgorod, Bryansk, Vladimir, Voronezh, Ivanovo, Kaluga, Kostroma, Kursk, Lipetsk, Moscow, Oryol, Ryazan, Smolensk, Tambov, Tver, Tula, Yaroslavl, and Jewish Autonomous Oblasts; and the Chukotka Autonomous Okrug. By the end of the year, these regions are expected to recruit approximately 80 specialists.

Under the program, physical education and sports workers relocating to communities with populations of up to 50,000 will receive one-time compensation payments. For communities located in the Far East, the one-time payment will be 2 million rubles. For other regions, the one-time payment will be 1 million rubles.

State support will be available to specialists with higher or secondary vocational education. To qualify, they must sign a full-time employment contract with a physical education and sports organization, committing to work there for at least five years.

Speaking about the decision taken at a meeting with deputy prime ministers on October 20Mikhail Mishustin noted that it is important for qualified specialists to be present in sports organizations in small towns and for children to train under their guidance.

"This will help them improve their health and, perhaps, reach a professional level, prove themselves in high-performance sports, and become champions," the prime minister added.

The head of state instructed the government to take measures to implement the "Zemsky Trainer" program following a meeting of the Presidential Council for the Development of Physical Culture and Sports in 2024. The program will be launched in all regions of Russia starting in 2026.

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 October 20, 2025, UK FRT LLC will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 20.10.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 330,000,000. Placement term, days – 15. Date of depositing funds is 20.10.2025. Date of return of funds is 04.11.2025. Minimum placement interest rate, % per annum is 17. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 330,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 12:00 to 12:10. Competitive bids from 12:10 to 12:15. The cutoff percentage may be set or the auction may be declared void by 12:25. Additional terms and conditions.

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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The government allocated more than 9 billion rubles for the construction of ships.

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.

Document

Order No. 2899-r of October 17, 2025

Over 9 billion rubles will be additionally allocated from the Cabinet's reserve fund for the construction of ships to expand maritime and river transport and develop Arctic routes. Prime Minister Mikhail Mishustin signed the corresponding order.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, October 20, 2025

The funding will go to Rosmorrechflot. The allocated funds will be used to continue construction of a sea ferry to provide regular passenger service between ports in the Far Eastern Federal District, as well as ice-class service and rescue vessels, which are necessary, among other things, for shipping along the Northern Sea Route. Furthermore, construction of a marine diving vessel for operation in Crimea will be completed.

“It’s important that our shipyards be able to reach a high work rate in the near future so that shipping companies can more quickly commission modern, high-quality equipment,” noted Mikhail Mishustin. at a meeting with deputy prime ministers on October 20.

The head of the Cabinet added that, starting in 2025, significant support for manufacturers and customers of ships and components is provided as part of the new national technological leadership project "Industrial Support for Transport Mobility."

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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The government has expanded state support for high-tech industries

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.

Document

Order No. 2854-r of October 14, 2025

The government has increased the maximum annual subsidy for preferential loans issued to defense industry enterprises for the production of civilian products from 600 million to 3.5 billion rubles. Prime Minister Mikhail Mishustin signed the corresponding order.

This decision will provide additional support to defense industry organizations ready to implement projects in priority civilian industries and accelerate the launch of these projects. This includes the production of components and parts for the aviation, space, and automotive industries, as well as equipment for environmental engineering.

Comment

From Mikhail Mishustin's opening remarks at the operational meeting with deputy prime ministers, October 20, 2025

As Mikhail Mishustin noted at a meeting with deputy prime ministers on October 20Increasing the maximum subsidy amount will allow the opening of promising production facilities in a number of regions, including the Rostov, Nizhny Novgorod, Chelyabinsk, Irkutsk, Kemerovo, and Moscow regions.

The preferential lending program for defense industry organizations was launched in 2018 to provide these companies with long-term financing for production diversification. Loans for the entire project period are provided by the state development corporation VEB.RF. The minimum loan amount is 500 million rubles, with interest rates starting from 5% per annum. These terms are available to companies planning projects with budgets of at least 1 billion rubles.

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 the participants and guests of the XVII Assembly of the Russian World.

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 Assembly takes place from October 20–22 in Moscow.

Dear friends!

I congratulate you on the opening of the XVII Assembly of the Russian World.

Traditionally, it unites our friends from all corners of the planet – representatives of culture and science, public and youth organizations, clergy, and all who sincerely love Russia and contribute to the preservation and promotion of its rich cultural and historical heritage.

Our country makes a special contribution to the formation of a just and multipolar world, as well as to technological and scientific progress. Despite external challenges, we continue to assist developing countries and provide them with comprehensive support. Joint humanitarian and infrastructure projects are being implemented, including in nuclear energy, mineral extraction and processing, agriculture, and other sectors, as well as large-scale programs aimed at improving the accessibility and quality of education and training qualified personnel. And every year, the number of those committed to equal dialogue, mutual interest, and sharing the traditional values of the Russian World is growing.

I am confident that the assembly will strengthen international humanitarian partnerships and ties with compatriots abroad.

I wish you constructive work, interesting discussions and new ideas.

M. Mishustin

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.