Financial news: On 12/16/2025, the Federal Treasury will hold a deposit auction of 22,025,436.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date is 16.12.2025. Unique application selection identifier is 22,025,436. Deposit currency is rubles. Type of funds is the Unified Treasury Account. The maximum amount of funds placed on bank deposits, in monetary units, is 328,000,000,000. Placement period, in days, is 2. Date of depositing funds is 16.12.2025. Date of return of funds is 18.12.2025. Interest rate for placing funds (fixed or floating) is FIXED. Minimum fixed interest rate for placing funds, % per annum is 15.76. Basic floating interest rate for placing funds is the Minimum spread, % per annum. Terms and conditions of concluding a bank deposit agreement (term, replenishable, or special) is Term. The minimum amount of funds placed for one application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution, pcs. 2. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time). Venue for application selection: Moscow Exchange. Applications will be accepted from 10:00 to 10:10. Applications in preliminary mode from 10:00 to 10:05. Applications in competition mode from 10:05 to 10:10. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 10:30 to 11:00. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:30 to 11:10. Sending an offer to credit institutions to conclude a bank deposit agreement from 11:10 to 11:30. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 11:10 to 11:30. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

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 December 15, 2025, 17-18, the values of the lower limit of the repo price corridor, the carry rate, and the range of interest rate risk assessment for the ZAYM (Zaymer JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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December 15, 2025

17:18

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 15.12.2025, 17-18 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -92.02%), the transfer rate and the range of interest rate risk assessment (up to -0.446 rubles, equivalent to a rate of 118.82%) of the ZAYM (Zaymer JSC) security 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 12/15/2025, at 5:05 PM, the values of the lower limit of the repo price corridor, the carry rate, and the interest rate risk assessment range for the ZAYM (Zaymer JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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December 15, 2025

17:05

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 15.12.2025, 17-05 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -73.01%), the transfer rate and the range of interest rate risk assessment (up to -0.356 rubles, equivalent to a rate of 97.91%) of the ZAYM (Zaymer JSC) security 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 conditions of trading during the New Year holidays.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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We inform you that in connection with the conduct of trading on the stock market, deposit market and credit market during the New Year holidays on January 5, 6, 8 and 9, 2026, in accordance with the Rules for conducting trading on the stock market and deposit market of PJSC Moscow Exchange MICEX-RTS, the following has been established:

Trading on the stock market, deposit market and loan market of Moscow Exchange PJSC on January 5, 6, 8 and 9, 2026 in all the listed Sections shall be carried out taking into account the additional conditions for trading on the stock market, deposit market and loan market established by Order No. MB-P-2024-4891 dated December 1, 2025, additional conditions for trading on the bond market established by Orders No. MB-P-2025-4891 dated December 1, 2025 and No. MB-P-2025-4982 dated December 5, 2025, including the start and end times of trading in individual Trading Modes established by Order No. MB-P-2025-4891 dated December 1, 2025. The settlement price for On January 5, 6, 8 and 9, 2026, for all securities admitted to trading in the Interdealer REPO Trading Mode, the settlement price determined based on the results of trading on December 29, 2025, shall be accepted in accordance with the procedure set out in paragraph 1.3 of the Additional Terms and Conditions for Trading on the Stock Market, Deposit Market and Credit Market, approved by Order No. MB-P-2025-4891 dated December 1, 2025. The settlement price for January 12, 2026 for all securities admitted to trading in the Interdealer REPO trading mode shall be the settlement price determined based on the results of trading on December 30, 2025, in accordance with the procedure set forth in paragraph 1.3 of the Additional Terms and Conditions for Trading on the Stock Market, Deposit Market, and Credit Market, approved by Order No. MB-P-2025-4891 dated December 1, 2025. For REPO transactions concluded in the Interdealer REPO trading mode, compensation contributions on January 5, 6, 8, and 9, 2026 are not calculated. Contact information for the media: 7 (495) 363-3232PR@moex.com

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The government has approved target indicators for Russia's technology policy.

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

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Document

Resolution of December 5, 2025 No. 1990

Prime Minister Mikhail Mishustin signed a decree approving a list of target indicators for ensuring Russia's technological leadership, medium- and long-term technology development in economic sectors, as well as rules for calculating them and monitoring their achievement.

The main goal of the document is to create a unified system for assessing Russia's technological development to achieve national goals and implement the new federal law "On Technological Policy."

Target indicators for ensuring technological leadership characterize the development of high-tech products and the technologies necessary for their creation, and form the basis for assessing the effectiveness of Russia's technological policy.

The new resolution defines the country's level of technological independence and its level of technological superiority over foreign analogues in priority high-tech products using such indicators.

The achieved level of technological independence and technological superiority are designated as target indicators for the medium-term and long-term development of technologies in economic sectors.

Work to achieve target indicators will be carried out within the framework of national projects to ensure technological leadership, medium- and long-term technology development plans, projects to develop cross-cutting technologies, and innovative development programs for organizations with state participation.

Speaking about the decision made at a meeting on the implementation of technology policy held on December 15 at the Technopolis Moscow SEZ, Mikhail Mishustin noted that the comprehensive system for assessing technological development will demonstrate the progress of the development of high-tech solutions and products based on domestic technologies, determine the country's level of independence in priority developments, and characterize our level of leadership when compared with foreign counterparts. The metrics approved by the resolution will be integrated into national projects and will serve as benchmarks for bringing product performance up to the best international standards.

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Mikhail Mishustin held a meeting on the implementation of technology policy.

Translation. Region: Russian Federation –

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

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M. Mishustin:

"To accelerate the growth of industries, regions, and the economy as a whole, it's important to continue implementing breakthrough ideas and developing a strong industrial base. Advanced solutions must be widely adopted and replicated across all sectors so that their use improves the quality of Russian goods and services and helps make the lives of our citizens more convenient and comfortable."

To be continued.

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Mikhail Mishustin visited the practical training center for mechanical engineering at the Technopolis Moscow SEZ.

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

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The Prime Minister toured the center's production workshops and laboratories, spoke with students, and watched presentations on training in the secondary vocational education system.

Advanced training programs, workshops equipped with modern equipment, and close collaboration with future employers will ensure high-quality training for sought-after specialists.

The center's floor space exceeds 3,000 square meters, allowing it to train over 1,500 people annually. Over the course of their studies (2 years and 10 months), each student will receive 2,000 hours of in-depth practical training. This represents approximately 65% of the total time allocated for developing professional skills.

Previously, from 2018 to 2023, the site housed a multidisciplinary college. In 2023, design work was completed in collaboration with employers. In 2024–2025, the site was reorganized into a practical training center.

In the 2025/2026 academic year, students from six colleges will study at the site:

GBPOU "Moscow State Educational Complex"; GBPOU "Polytechnic College named after P.A. Ovchinnikov"; GBPOU "Moscow Technological College named after I.A. Likhachev"; GAPOU "Polytechnic College No. 8 named after I.F. Pavlov"; GBPOU "Moscow Publishing and Printing College named after I. Fedorov"; GBPOU "Moscow Industrial College".

Students will be able to master three in-demand specialties, gaining additional qualifications in each:

Mechanical Engineering Technology. Occupations: 3rd-category turner, 3rd-category milling machine operator, 2nd-category grinder, 4th-category CNC machine operator. Machine tool setup operator. Occupations: 3rd-category turner, 3rd-category milling machine operator, 4th-category CNC machine operator. Installation, maintenance, operation, and repair of industrial equipment (by industry). Occupation: 4th-category CNC machine operator.

Unique features of the center:

Co-location with industrial partners—future employers. Involvement of specialists from Technopolis Moscow SEZ residents to train students. Students solve production problems at Technopolis Moscow SEZ residents, and drawings of real components are included in practical projects. The entire manufacturing cycle is carried out using Russian software, from drawing creation to generating a quality report on the finished product.

The center houses a high-tech complex, including five workshops equipped with 69 machines, as well as three laboratories:

Workshop of milling machines with numerical control. The equipment allows processing of medium- and large-sized parts in accordance with professional standards.
Workshop of lathes with numerical control. The equipment is distinguished by its versatility – it can efficiently perform all basic (roughing and finishing) turning operations: external turning, drilling, boring, cutting, threading.
Workshop of universal milling machines. The equipment allows for complex processing of parts with complex geometry, including milling, drilling, boring and other technological operations.
A workshop of universal lathes, the equipment of which allows students to gain practical skills on real production equipment, which significantly reduces the adaptation period when moving to work in industry.
A workshop of special machines with a materials science department, in which machines allow high-precision processing of various types and types of parts.
An area with a laser complex for high-speed cutting of sheet metals (part of the special machines workshop). Students hone their laser cutting skills for a variety of sheet materials up to 8mm thick with high precision. The work includes creating a control program that sets the trajectory of the laser and the intensity of its radiation, setting up equipment, subsequent cleaning and processing of manufactured semi-finished products.
Drawing laboratory. Here students develop practical skills in technical drawing, which are the foundation for working with design documentation and creating three-dimensional models of parts and the final product. They also receive access to the next stage of the technological process of manufacturing a part in the computer-aided design laboratory.
The laboratory of computer-aided design systems is equipped with modern software.
The metrology laboratory is equipped with modern measuring equipment and professional tools that provide precise quality control of products and assembly units.

Practical classes are taught by 16 experienced and competent industrial training instructors from the college, as well as six current employees of residents of the Technopolis Moscow SEZ: UEC-Salut, a branch of UEC JSC, SKTB PR LLC, TZMOI JSC, NPP Toriy JSC, and Mikrobor LLC. Each student has access to state-of-the-art equipment.

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: 12/15/2025, 14-11, the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the LEAS (Europlan) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 15, 2025

14:11

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 15.12.2025, 14-11 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -151.01%), the transfer rate and the range of interest rate risk assessment (up to -2.76 rubles, equivalent to a rate of 183.7%) of the LEAS (Europlan) security 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 12/15/2025, at 14:05, the values of the lower limit of the repo price corridor, the carry rate, and the range for assessing interest rate risks for the LEAS (Europlan) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 15, 2025

14:05

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 15.12.2025, 14-05 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -131.79%), the transfer rate and the range of interest rate risk assessment (up to -2.41 rubles, equivalent to a rate of 162.56%) of the LEAS (Europlan) security 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: New bases for calculating stock indices for companies with state participation and regulated activities have been approved.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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The calculation bases for the indices of shares of state-owned companies and companies with regulated activities of the Moscow Exchange have been approved; they will be in effect from January 5 to December 31, 2026.

The calculation base for the State-Owned Companies Index will include ordinary shares of DOM.RF PJSC, while the calculation base for the Regulated Companies Index will remain unchanged.

The calculation basis for the Moscow Exchange Index of shares of companies with state participation:

No. Code Name
1 AFLT PJSC Aeroflot, JSC
2 ALRS AK "ALROSA" (PJSC), JSC
3 DOMRF PJSC “DOM.RF”, JSC
4 FEES PJSC FGC UES – Rosseti, JSC
5 GAZP PAO Gazprom, JSC
6 HYDR PJSC RusHydro, JSC
7 IRAO PJSC Inter RAO, JSC
8 NMTP PJSC "NCSP", JSC
9 ROSN PJSC NK Rosneft, JSC
10 RTKM PJSC Rostelecom, JSC
11 SBER PJSC Sberbank of Russia, JSC
12 SIBN PAO Gazprom Neft, JSC
13 TATN PJSC Tatneft named after V.D. Shashin, JSC
14 TRNFP PJSC "AK "Transneft", ap
15 UNAC PJSC "UAC", JSC
16 VTBR PAO Bank VTB, JSC

The calculation basis for the Moscow Exchange Index of shares of companies with regulated activities:

No. Code Name
1 FEES PJSC FGC UES – Rosseti, JSC
2 LSNG PJSC Lenenergo, JSC
3 MRKC PJSC Rosseti Centre, JSC
4 MRKK PJSC Rosseti North Caucasus, JSC
5 MRKP PJSC Rosseti Centre and Volga Region, JSC
6 MRKS PJSC Rosseti Siberia, JSC
7 MRKU PJSC Rosseti Ural, JSC
8 MRKV PJSC Rosseti Volga, JSC
9 MRKY PJSC Rosseti Yug, JSC
10 MRKZ PJSC Rosseti North-West, JSC
11 MSRS PJSC "MOESK", JSC
12 NMTP PJSC "NCSP", JSC
13 RTKM PJSC Rostelecom, JSC
14 TORS PJSC Tomsk Distribution Company, JSC
15 TRNFP PJSC "AK "Transneft", ap
16 TTLK PJSC “Tattelecom”, JSC

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.