Category: Economics

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On August 15, Mikhail Mishustin will take part in a meeting of the Eurasian Intergovernmental Council as part of an official visit to the Kyrgyz Republic

Translation. Region: Russian Federal

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

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On August 15, as part of an official visit to the Kyrgyz Republic (Cholpon-Ata), Chairman of the Government of the Russian Federation Mikhail Mishustin will take part in a meeting of the Eurasian Intergovernmental Council.

The agenda of the meeting includes current tasks of deepening integration in the Eurasian Economic Union, including in the areas of customs regulation, transport, exchange trading, the formation of common markets for medicines and medical devices, as well as in the field of environmental protection.

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The government has allocated about 52 billion rubles for state support for the formation of long-term savings of citizens

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

About 52 billion rubles will be allocated for state support for the formation of long-term savings of citizens in 2025. The order on this was signed by Prime Minister Mikhail Mishustin.

The funds will go to non-state pension funds that carry out activities to form long-term savings for citizens.

The long-term savings program for citizens was launched in 2024 on the instructions of the President of Russia. The program will give people the opportunity to receive additional income in the future. A person can enter into an agreement with a non-state pension fund, transfer contributions to it, and also transfer previously accumulated pension savings for further investment. The state will co-finance these funds for 10 years, that is, add up to 36 thousand rubles per year. Savings will be protected. The guarantee system is the same as when opening deposits, but the insurance amount is twice as large – 2.8 million rubles.

Savings can be used as additional income after 15 years of participation in the program or upon reaching the age of 55 for women and 60 for men. The funds can be withdrawn at any time, but early withdrawal without loss of income is possible in the event of special life situations – for expensive treatment or the loss of a breadwinner.

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From Mikhail Mishustin's opening remarks at the Government meeting, August 12, 2025

The issue of allocating funding for state support for the formation of long-term savings in 2025 was considered atGovernment meeting on August 12According to Mikhail Mishustin, the first results show that the instrument is of great interest to citizens – many are transferring their pension savings to the program.

“We expect that thanks to such a partnership, citizens will be able to increase their capital by receiving additional income,” said the head of the Cabinet.

The document will be published.

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Financial News: Monetary Conditions Indicators Remained Tight in June-July

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Nominal interest rates declined significantly, while the decline in yields in real terms was less pronounced due to the slowdown in current price growth. Inflation expectations of the population changed unevenly and remained elevated.

The reduction in rates in June affected almost all segments of the credit and deposit market. Bank lending conditions remained tough. Against this background, the growth of credit to the economy and the money supply was restrained. In July, according to preliminary data, the same trends were maintained in the dynamics of rates and credit activity.

Read more in the information and analytical section comments "Monetary conditions and the transmission mechanism of monetary policy."

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Financial news: National standard of short-term liquidity for SZKO: calculation procedure

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia has sent the Ministry of Justice for registration document, which determines the procedure for calculating the national short-term liquidity ratio for systemically important credit institutions. The NSLR will replace the Basel NSLR, which has been in effect since 2016. The new standard reflects the Russian specifics of regulation: it is calibrated based on data from domestic banks, and the composition of highly liquid assets (HLA) is determined taking into account assets circulating on the domestic market.

Among the clarifications in the methodology, there are restrictions on investments in securities to reduce the risks of asset concentration in VLA: they will be considered VLA only if the bank has no more than 30% of the issue, while the transition to this requirement will be gradual – until the end of 2027. A norm has also been added that does not allow an increase in the value of the liquidity ratio due to nostro accounts, which in reality have no turnover. In addition, the outflow rates for the Federal Treasury (after the end of the transition period from January 1, 2027, the ratio will be 45%) and individuals have been slightly reduced.

The NNCL is planned to come into force on 1 October 2025. To ensure a smooth transition, the minimum value of the new standard will be 80% in 2025, and 100% from 1 January 2026. The transition to the new standard should not cause any problems for banks: the NNCL calculation methodology gives banks an average increase of more than 25 percentage points relative to the current Basel NCL. From 1 July 2025, banks will already provide a volume of liquidity sufficient to maintain the Basel NCL without the help of an irrevocable credit line (ICL) at 60%, and by 1 January 2026 they should have increased their liquidity to maintain the Basel NCL without the ICL at a level of at least 80%.

The compliance regime for the NNCL will be flexible. SZKOs will still be able to use the BCL, but in a modified form. Banks must comply with liquidity requirements on their own, so the BCL will only cover a small volatility of the standard – it is planned that no more than 20 percentage points. The relevant orders of the Bank of Russia, establishing the parameters of the updated BCL, will be presented to the market after preparation.

A new reporting form for the Basel NCR has also been developed and discussed with banks, which is planned to be introduced in January 2026 (changes are made to Bank of Russia Instruction No. 6406-U). Until the changes are made, credit institutions will submit data on the new standard to the Bank of Russia in the reporting forms for the Basel NCR.

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Dmitry Chernyshenko held a meeting on the development of phygital sports in general education organizations

Translation. Region: Russian Federal

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

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A meeting on the development of phygital sports in general education organizations was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko.

It was attended by the Minister of Education Sergey Kravtsov, Deputy Minister of Sports Odes Baysultanov, President of the All-Russian Federation of Phygital Sports Nikita Nagorny, as well as representatives of other interested organizations.

"With the support of President Vladimir Putin, the development of an innovative sports movement has been launched – phygital sports, combining digital and physical activities. The first games were successfully held in Kazan, and this movement has already spread to 117 countries. We see evidence of the effectiveness of this format. And our coordinated actions will determine how this movement will develop where it was invented – in Russia, including in the scientific and educational spheres," said Dmitry Chernyshenko.

He gave examples of the positive impact of phygital on society: for example, at the 2025 Victory Cup, doctors said that phygital technologies contribute to the accelerated recovery of those wounded in the SVO, and they also help to involve children and young people in gamers in sports.

The government has approved the Concept for the Development of the Phygital Movement until 2030 and an action plan for its implementation.

Among the important measures for the development of the phygital movement, the Deputy Prime Minister noted the creation of game content, improvement of the material and technical equipment of educational institutions and the formation of a system of incentives and rewards. He recalled that the Phygital Games – 2025 will be held in Nizhny Novgorod from September 17 to 20, and also proposed holding an open phygital lesson for general education organizations as part of the upcoming International Sports Forum "Russia – a Sports Power".

Minister of Education Sergey Kravtsov noted that the impetus for the promotion of phygital sports could be given by concluding an agreement between the department and the All-Russian Federation of Phygital Sports.

"We are gradually developing the phygital sports direction in the education system, and there are already successful developments. At the first stage, we propose to introduce phygital sports programs into the educational process both as part of extracurricular activities and in additional education. This can be done on the basis of school sports clubs, of which 38 thousand have already been created. We are seeing an increase in schoolchildren's interest in classes in such clubs – the coverage has increased from 2 million in 2021 to 3.4 million in 2024," noted Sergey Kravtsov.

The President of the All-Russian Phygital Sports Federation Nikita Nagorny noted the need to hold a large phygital event that would combine a championship and a festival.

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Financial news: Plan approved for transition of creditors to use of official information on income when lending to citizens

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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When making a decision on granting a loan, banks and other creditors will use only information about the current official income of citizens. Together with the interested ministries and departments, the Bank of Russia approved the road map, defining the main stages of the transition to a new procedure for using information. To establish such an obligation for creditors last year instructedPresident of the Russian Federation.

At the same time, it was ordered to provide creditors with access to an information system that allows them to receive up-to-date official information on borrowers' income within 1 minute. The required set of information, according to the roadmap, will be available to creditors by March 2026.

With the consent of citizens, creditors will receive this information from the information systems of the Federal Tax Service of Russia and the Social Fund of Russia through the Digital Profile service, which allows financial institutions to use customer data from government information systems and provide them with services without paper documents. Market participants, agencies and the Bank of Russia have come to the conclusion that this is the most effective way to obtain up-to-date information on citizens' incomes. At the same time, it is possible to use other sources of information on the official incomes of citizens. The transition to using only information on official incomes will allow banks and other creditors to more accurately assess the income of borrowers and will help the Bank of Russia more effectively limit the risks of the debt burden of citizens.

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Financial news: On the restriction of settlement codes for Investment units of the Closed-end mutual investment combined fund “Pre-IPIO Fund 1” of JSC VIM Investments (RU000A1000Y0) from 13.08.2025

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Rules for conducting trading on the stock market, deposit market and credit market of the Public Joint Stock Company “Moscow Exchange MICEX-RTS” and in connection with the partial redemption of shares, when submitting applications for concluding transactions with the following securities:

Item No. Issuer (Management Company) Name, type, kind of security Isin Security code
1 JSC VIM Investments Investment units of the Closed-end mutual investment combined fund “Pre-IPO Fund 1” RU000A10000 RU000A10000

13.08.2025, the settlement codes that provide for the execution of transactions no later than 13.08.2025 are acceptable. (the last trading day in the T 1 order book is 12.08.2025) 14.08.2025, the acceptable settlement codes are T0 and Z0. From 15.08.2025 to 31.08.2025, there are no acceptable settlement codes. From 01.09.2025, all settlement codes permitted for this type of securities are available.

The specified restrictions apply on the days on which the Main Trading Session is held. On the days on which the Additional Weekend Trading Session is held, the restrictions of the day on which the Main Trading Session of the Trading Day of which this Additional Weekend Trading Session is a part apply, see Trading calendar — Moscow Exchange | Markets.

Contact information for media 7 (495) 363-3232Pr@moex.kom

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Marat Khusnullin: In Zaporizhia Oblast, asphalt paving has been completed on a section of the road along the coast of the Sea of Azov

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

In the Zaporizhia region, asphalt laying has been completed on a section of the road along the coast of the Sea of Azov.

In the reunited regions, work continues to update the road infrastructure to improve the transport accessibility of territories, including those located on the Azov coast. For example, in the Zaporizhia region, road workers laid new asphalt on a 26-kilometer section of the coastal highway that connects Berdyansk with settlements on the border of the region, as well as with villages in the DPR. This was reported by Deputy Prime Minister Marat Khusnullin.

"The most important task after the restoration of infrastructure in historical regions is to improve people's standard of living. To do this, it is necessary, in particular, to ensure good transport accessibility of cities and villages. For example, in the Zaporizhia region on the eastern coast of the Azov Sea there are many settlements. High-quality and safe road infrastructure is important for both residents of the region and tourists. Thus, road workers paved a 26-kilometer section of the Staropetrivka – Novopetrivka – border of the region – the village of Kulikovskoye highway," said Marat Khusnullin.

The route runs parallel to the federal highway R-280 "Novorossiya". The work is being carried out under the supervision of the state company "Avtodor".

"We are taking a comprehensive approach to restoring the roads, so we are also working on artificial structures. For example, bridge crossings over the Berda and Sukhodol rivers, which are part of the Staropetrivka-Novopetrivka-regional border-village Kulikovskoye road. In general, we are planning to restore more than 100 km of roads in the Zaporizhia region. More than 85 km of the top layer has already been laid. At the same time, road signs, barrier fencing, and markings are being installed," emphasized Vyacheslav Petushenko, Chairman of the Board of the State Company Avtodor.

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Financial news: 08/12/2025, 17-10 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0JXSS1 security (Akron B1P2) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/12/2025

17:10

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 12.08.2025, 17-10 (Moscow time), the values of the upper limit of the price corridor (up to 91.03) and the range of market risk assessment (up to 963.74 rubles, equivalent to a rate of 12.5%) of the security RU000A0JXSS1 (Akron B1P2) were changed.

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Financial news: On holding auctions on August 13, 2025 to place OFZ issues No. 26247RMFS and No. 26249RMFS

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

We inform you that, based on the letter of the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Moscow Exchange PJSC, the order establishes the form, time, term and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of security federal loan bonds with constant coupon income
State registration number of the issue 26247RMFS from 08.05.2024
Date of the auction August 13, 2025
Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price.BoardId: PACT(Settlements: Ruble)
Trade code SU26247RMFS5
ISIN code RU000A108EF8
Calculation code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of security federal loan bonds with constant coupon income
State registration number of the issue 26249RMFS from 20.06.2025
Date of the auction August 13, 2025
Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price.BoardId: PACT(Settlements: Ruble)
Trade code SU26249RMFS1
ISIN code RU000A10BVC8
Calculation code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

Contact information for media 7 (495) 363-3232Pr@moex.kom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.