Category: Economics

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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 –

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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 –

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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.

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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

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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

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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

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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.

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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.