Category: Economics

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Dmitry Grigorenko: The Federal Tax Service of Russia is setting a new standard for the quality of government services.

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 and Chief of the Government Staff Dmitry Grigorenko addressed an expanded meeting of the Federal Tax Service. He noted that the service has now transitioned from its role as a controller to one of the leading developers of government digital services that are transforming how the government interacts with citizens and businesses.

Since 2025, the "Life Situations" section of the government services portal has offered the option to file a tax return online to receive a personal income tax deduction (e.g., for medical treatment or education, the purchase of housing, land, or long-term savings). After filing, users can track the status of their return. Since the beginning of 2025, approximately 115,000 applications for this service have been submitted through the government services portal.

The "Start a Business Online" service also relies on the principle of receiving services in a "real-life" format. It combines the registration of a legal entity or individual entrepreneur, the issuance of an electronic signature, and the opening of a bank account. Since its launch, 25,000 users have already used the service.

One of the key projects of recent years has been the introduction of a single tax account. Since July 2023, all taxes, contributions, and advance payments have been combined into a single payment, eliminating the need for separate payment details—now there are two instead of 15. Citizens no longer need to track separate tax payment deadlines and details; a single payment balance is generated directly in the taxpayer's personal account. As a result of the implementation of the single tax account, the amount of unexplained receipts has been reduced by 28 times, and the number of debtors has been halved.

Furthermore, the Federal Tax Service's work on creating a unified population register has become an important foundation for the digitalization of government services. The system has integrated data from 11 agencies and currently contains over 148 million digital citizen profiles. It processes over a million agency requests daily, most of which are processed in less than two minutes.

Dmitry Grigorenko emphasized that the Federal Tax Service of Russia is also the largest provider of management data for the government system. More than 230 data sets are available for 730 government agencies through the departmental data platform, and over 90 open data sets are posted on the website. These data sets are actively used in developing government policy and implementing strategic initiatives.

"Over the past 35 years, the Federal Tax Service has undergone a significant digital transformation and has become an undisputed leader in innovation. Today, the Federal Tax Service of Russia is not just a controller, but a complex of modern, convenient, and customer-focused services. Moreover, the service's digitalization efforts are a recognized benchmark for quality and efficiency across the entire public administration system," noted Dmitry Grigorenko.

At the end of the meeting, the Deputy Prime Minister congratulated the Federal Tax Service's employees and veterans on their 35th anniversary and noted their contribution to the development of the digital economy and improving the quality of government services.

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: Changes in the structure of the EQM69 report.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In continuation news Regarding planned changes to the structure of trading and clearing reports on the stock market, we are sending a clarification on the structure of the EQM69 report (Report on Planned Interim Payments for Repo Transactions). Please note that the new report will have the following structure:

The required DebitCredit attribute will no longer be present in the TRADES node: DebitCredit — Direction of Payments. Interest payer (borrower) — "D"; interest receiver (creditor) — "C." Instead, the required BuySell attribute will be added to the TRADES node: BuySell — Direction of Transaction (Buy (B) / Sell (S)).

The updated reporting format specification is available on the Exchange's website: https://www.moex.com/ru/documents/951.

Schemes and styles for printed report forms are published on the Exchange's FTP server: http://ftp.moex.com/pub/Reports/Ecoite.

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 2025-11-21, the Federal Treasury will hold a deposit auction of 22,025,383.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters;

Application selection date 21.11.2025. Unique application selection identifier 22 025 383. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 50,000,000,000. Placement term, 182 days. Date of depositing funds 21.11.2025. Date of return of funds 22.05.2026. Interest rate for placement of funds (fixed or floating). Single treasury account. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds FLOATING_RUONmDS. Minimum spread, % per annum 0. Terms of conclusion of the bank deposit agreement (term, replenished or special)Term. The minimum amount of funds placed per application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution is 2. Application selection form (Open with random completion, Closed, Open with extension). Open with extension.

Order selection schedule (Moscow time). Order selection venue: Moscow Exchange PJSC. Orders will be accepted from 09:30 to 09:50. Preliminary orders from 09:30 to 09:35. Competition orders from 09:45 to 09:50. Random trading end period (sec.): 0. Bid increment: 0.1. Time increment (sec.): 60. Rollover period end time: 10:20:00.

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. 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.

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Financial news: On 2025-11-21, the Federal Treasury will hold a deposit auction of 22,025,382.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters;

Application selection date 21.11.2025. Unique application selection identifier 22 025 382. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 48,000,000,000. Placement period, in days 4. Date of depositing funds 21.11.2025. Date of return of funds 25.11.2025. Interest rate for placement of funds (fixed or floating). Single treasury account. Minimum fixed interest rate for placement of funds, % per annum 15.76. Base floating interest rate for placement of funds – Minimum spread, % per annum – Terms and conditions of the bank deposit agreement (term, replenishable or special) Term. The minimum amount of funds placed per application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution is 2. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion.

Order selection schedule (Moscow time). Order selection venue: Moscow Exchange PJSC. Orders will be accepted from 9:30 AM to 9:40 AM. Preliminary orders will be accepted from 9:30 AM to 9:35 AM. Competition orders will be accepted from 9:35 AM to 9:40 AM. Random trading end period (sec.): 120. Bid increment:

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. 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.

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Mikhail Mishustin took part in the opening ceremony of new airport infrastructure facilities in the regions.

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.

As part of the Transport of Russia forum and exhibition, the command and control center at Grozny International Airport and the passenger terminals at Izhevsk and Murmansk airports were launched via videoconference.

From the transcript:

A. Nikitin: Dear Mikhail Vladimirovich! Dear colleagues!

Context

Mikhail Mishustin took part in the 19th International Forum and Exhibition "Transport of Russia" as part of Transport Week 2025.

There are currently 225 airports operating in Russia, and in accordance with your decisions and those of the Government, there will be 241 airports by 2030. We are also modernizing 75 more airports under the presidential program.

Direct flights are currently available to 42 countries. This is 19 more than the 2022 target, and today we are opening three more significant facilities.

In Grozny, we have a new air traffic control center with the most modern 50-meter tower in Russia. In Izhevsk, we are opening a terminal with an area of 10,800 square meters. In Murmansk, we are opening a terminal with an area of over 7,000 square meters.

Allow me to give the floor to Ramzan Akhmatovich Kadyrov, the leader of the Chechen Republic. Please.

M. Mishustin: Good afternoon, friends! Please.

R. Kadyrov: Dear Mikhail Vladimirovich! Greetings, dear colleagues!

The construction of this facility was made possible by the leadership of Russian President Vladimir Putin and the team of the first president of the Chechen Republic, Hero of Russia Akhmat Abdulkhamidovich Kadyrov.

The command post meets the latest safety standards.

A. Nikitin: Thank you, Ramzan Akhmatovich. I now give the floor to Aleksandr Vladimirovich Brechalov, Head of the Udmurt Republic.

A. Brechalov: Dear Mikhail Vladimirovich, I greet you from the new terminal of the Izhevsk airport named after Mikhail Timofeevich Kalashnikov.

This is a long-awaited facility for all residents of Udmurtia. The old building was constructed over half a century ago and, of course, couldn't handle the passenger traffic, which has increased sevenfold in just seven years.

Mikhail Vladimirovich, this facility was created thanks, of course, to the support of our President Vladimir Vladimirovich Putin. Your support.

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 scammers' tricks won't work – large transfers to themselves through the SBP will end up on the list of fraudulent ones

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

When will a transfer via the SBP raise suspicions with the bank?

Transferring a large amount via the SBP, even between accounts of one client, may raise suspicions jarIf, on the same day, a person attempts to send money to a third party to whom payments have not been made for more than six months, the person will be subject to a new scam: the scammers convince the victim to accumulate all their savings in a single account to which they have gained access.

"Banks will tighten controls over transfers – transactions over 200,000 rubles, including those made through the Fast Payment System (FPS), will come under close scrutiny," the regulator noted.

The introduction of new fraud indicators will help banks protect honest Russians from fraudulent activities. However, this change will have virtually no impact on ordinary citizens—money transfers between their own accounts via the Fast Payment System (FPS) will still be possible without restrictions or fees; suspicion will only arise if you attempt to send funds to a third party.

What other signs of fraudulent transactions are there?

Transferring funds between your own accounts and then sending the savings to another person isn't the only sign of fraud identified by the Central Bank. Financial institutions are required to suspend transactions if they detect any of the following:

The recipient's account is included in the fraudulent list according to the Central Bank of the Russian Federation's basic rules or the bank's own rules; the transaction is unusual for this particular client; the device used to access online banking was previously used by fraudsters; the client changed the phone number used to access their personal account; information was received about the use of an unusual internet provider.

However, it's not just banks that should be making efforts to protect their funds. Russians should adhere to financial security rules: don't share codes and passwords with third parties, no matter who they claim to be, don't enter card details on dubious websites, and don't transfer funds to accounts if you're unsure of the recipient. Fraudsters are constantly refining their methods, but most schemes rely on social engineering—they mislead the victim, who then helps the scammer steal their savings.

10:00 11/18/2025

Source:

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Financial news: Requirements for owners, members of management bodies and officials of organizations participating in the financial market.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The purpose of establishing requirements is to prevent unqualified and unscrupulous persons from gaining control over the activities of financial market participants, as well as to protect the rights and legitimate interests of these participants, their clients and counterparties.

Reference materials, presented in the form of summary tables, will help determine which officials in a specific financial market participant are subject to requirements for business reputation and qualifications, and understand whether the assessment of compliance with these requirements is carried out as part of the approval procedure for a position (requiring the consent of the regulator for appointment (election) to a position) or as part of the procedure for notifying the Bank of Russia of the appointment (election) to a position.

The materials presented also contain information on the existence of requirements for the financial position and business reputation of the owners of financial market participants.

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Financial news: 20.11.2025, 14-15 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1035H1 (RESOLizBP1) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 20, 2025

2:15 PM

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 20.11.2025, 14-15 (Moscow time), the values of the upper limit of the price corridor (up to 126.59) and the range of market risk assessment (up to 1550.59 rubles, equivalent to a rate of 37.5%) of the security RU000A1035H1 (RESOLizBP1) 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: Insurance rates for most types of transportation may be reduced.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The Bank of Russia proposes to reduce the minimum tariff corridor for compulsory civil liability insurance of carriers to passengers (CLI) for intercity and suburban bus transportation by 30%, and for charter and regular urban bus transportation by 20% and 10%, respectively.

Draft instruction It also provides for a reduction in the lower limit of the tariff for transportation by sea and suburban rail by 40%, and for transportation by helicopters, trolleybuses, water transport and long-distance rail by 30%.

Tariff values for transportation by other modes of transport remain unchanged.

The regulator's proposals are based on monitoring results. tariffs for compulsory motor third party liability insurance.

Preview photo: Hodim / 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.

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The Future Technologies Forum will be held on February 26–27, 2026, in Moscow.

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 Future Technologies Forum Organizing Committee has set the dates and location for the fourth forum: February 26–27, 2026, at the World Trade Center in Moscow. In accordance with the instructions of Russian President Vladimir Putin, the forum will focus on developing a bioeconomy in the Russian Federation and the application of biotechnology across economic sectors.

The upcoming Future Technologies Forum will bring together Russian and international scientists, leading research organizations, major manufacturers, technology leaders in the bioeconomy, and key agencies overseeing the implementation of the national project to ensure technological leadership in the "Bioeconomy" field, which will launch in Russia in 2026.

"National plans for bioeconomy development have been adopted in China, the United States, Brazil, and other countries. Russia possesses significant competencies and the scientific and technological base for developing this economic sector. The national project includes support measures that will enable the efficient use of existing resources and stimulate the development of production to achieve technological leadership in the bioeconomy," said Denis Manturov, First Deputy Prime Minister and curator of the national "Bioeconomy" project.

"Russia possesses all the necessary raw materials, personnel, and key competencies to achieve its leadership goals in the bioeconomy. The new national project aims to create the conditions and scientific infrastructure for the development of breakthrough biotechnologies and launch technological chains for their implementation in the economy. This requires uniting multiple players, finding common ground, and optimizing interactions between market participants. The dialogue among industry participants at the Future Technologies Forum in February will be aimed at coordinating measures for the implementation of the national project," said Anton Kobyakov, Executive Secretary of the Organizing Committee for the Future Technologies Forum and Advisor to the President of Russia.

The National Project "Bioeconomy" aims to promote the rational use of biological resources and the application of biotechnology in scientific, technological, and economic activities. The national project includes measures to develop and implement biotechnology in the agro-industrial complex, veterinary medicine, manufacturing, ecology, forestry, medicine, and energy. The goal of the national project is to achieve technological sovereignty in the bioeconomy by 2030 by halving import dependence, and by 2036 to create conditions for the emergence of new markets and technological leadership.

The national project includes three federal projects that address measures to organize the production and stimulate the marketing of bioeconomy products, the scientific and technological development of the industry, and its analytical and personnel support. These projects include the creation of centers for piloting and scaling up bioeconomy products, training centers, conducting scientific research, promoting Russian bioeconomy products in foreign markets, implementing digital solutions and domestic software in production facilities, and other measures to support the industry.

"The development of knowledge-intensive interdisciplinary fields such as bioeconomics is key to achieving Russia's technological leadership—a national goal set by President Vladimir Putin. Research will play a significant role in the structure of the Bioeconomics national project. A wide range of universities and research organizations are accumulating and expanding scientific and technological expertise, with key competencies concentrated at the Kurchatov Institute National Research Center," noted Deputy Prime Minister Dmitry Chernyshenko.

As part of the national project, leading manufacturing companies and research organizations will act as qualified customers and developers of bioeconomy technologies. Promising projects include the production of microbial proteins, biofibers, starters, and algae; the creation of domestic bioclusters for processing starch-containing raw materials and producing microbial synthesis products; the production of enzyme preparations based on microbial platforms; and much more.

"The national project aims to shift yet another area of industrial development toward innovation. The bioeconomy sector will spur the development of high-tech solutions for numerous related industries—agriculture, chemicals, the fuel and energy sector, and many others. The initiative will strengthen the link between science and business to accelerate the implementation of knowledge-intensive technologies. All of this, coupled with the development of a set of measures to promote the sales and export of bioeconomy products, will ensure Russia's leadership in this sector," commented Anton Alikhanov, head of the Bioeconomy national project and Minister of Industry and Trade.

The forum will feature a traditional exhibition where market leaders, science-intensive enterprises, and scientific organizations will present cutting-edge developments and the latest innovative solutions in the bioeconomy. Exhibitors will showcase projects at various stages of implementation, from laboratory development to industrial application. A scientific conference dedicated to advanced research in the bioeconomy will be held prior to the Future Technologies Forum.

Detailed information on the preparation of the Future Technologies Forum is available on the website future-forum.tech.

The Future Technologies Forum (FTF) is a flagship event where leading researchers and industry leaders present science-intensive technologies, innovative scientific developments, and completed projects that will shape the development of economic sectors in the coming years.

The forum has been held in Moscow annually since 2023 with the participation of the President of Russia. In 2023, the FBT was dedicated to quantum technologies; in 2024, it focused on the future of medicine. In 2025, it will focus on new materials and chemistry. The 2026 FBT will focus on the bioeconomy.

The forum is operated by the Roscongress Foundation with the support of the Ministry of Industry and Trade, the Russian Academy of Sciences, the Russian Science Foundation, and the Russian Quantum Center.

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.