On the current situation in the Russian economy. June 2025

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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On the current situation in the Russian economy. June 2025

August 8, 2025 7:41 PM

Date of publication: August 8, 2025

Link: https://economy.gov.ru/material/directions/makroec/ekonomicheskie_obzory/o_tekushchey_situacii_v_rossiyskoy_ekonomike_iyun_2025_goda.html

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Financial News: Bond Market Continues to Grow in July

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The easing of monetary policy amid signs of a sustained slowdown in inflation has contributed to a decline in bond yields and an increase in their prices. At the same time, the population significantly increased its investments in both government and corporate bonds in July.

The ruble weakened against major foreign currencies in July after a seven-month strengthening trend. Demand for currency from legal entities — clients of banks and individuals on the domestic market increased compared to the previous month.

Read more in the next issue "Review of Financial Market Risks".

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Financial News: On changing the listing level of securities

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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In accordance with the Listing Rules of Moscow Exchange PJSC, the Chairman of the Management Board made the following decisions on 08.08.2025:

transfer on 08.08.2025 from the “Third Level” section to the “First Level” section of the List of Securities Admitted to Trading on Moscow Exchange PJSC, the following securities:

Name of the issuer/organization Limited Liability Company “Specialized Financial Company Split Finance”
Name of security Non-convertible interest-bearing book-entry bonds secured by cash claims
Identification/Registration Number of the Issue 4-01-00908-R-001P from 07/08/2025
Trade code RU000A10C3F4
ISIN code RU000A10C3F4
Basis for decision making Statement

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Dmitry Grigorenko: The Government Center for the Development of Artificial Intelligence has begun work

Translation. Region: Russian Federal

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

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The first session of the Artificial Intelligence Development Center (AIDC) under the Government of the Russian Federation with representatives of business and regions was held. The goal was to launch a dialogue between the state and the industry, to establish interaction for the accelerated implementation of AI in public administration and the economy. The participants of the session agreed that a centralized approach is needed to solve this problem. It will not only speed up the process, but also reduce costs, minimize risks and increase the efficiency of AI implementation.

The center is supervised by Deputy Prime Minister – Head of the Government Staff Dmitry Grigorenko. The resolution on the creation of the CRII was signed in June, the team has been formed and is actively working.

"The AI Development Center under the Government is our main assembly point on the topic of implementation. The Center not only records opinions, feedback and wishes from regions and businesses. Its functions, for example, include market analysis and selection of effective solutions for replication. The Center has already selected about 10 of them. Some of them will be launched at the federal level in the form of standard services to which regions and departments will be able to connect. Such a centralized approach will optimize costs for development and implementation," said the supervising Deputy Prime Minister.

Typical services include geospatial analytics, solutions for working with draft documents for government employees, rapid processing of citizen requests, and others.

The session discussed another tool that will help speed up the implementation of AI in Russia – a digital platform for collecting and sharing best practices. The federal platform will be a development of the current portal "Digital Region" of the Moscow Region. It has already collected a catalog of AI solutions implemented in various regions of Russia. Some of these solutions are unique, while others have similar functionality. The center will moderate the platform and analyze existing practices. Regions will be able to select developments that suit their goals and objectives and take them into their own network by agreement.

During the session, the regions shared their practices of implementing artificial intelligence. For example, in the Republic of Tatarstan, monitoring of the implementation of national projects has been implemented using AI, and a neural network for government bodies is also in operation. In the Sakhalin Region, artificial intelligence is being systematically implemented in every area of public administration – from medicine and education to tourism development and environmental monitoring. In the Nizhny Novgorod Region, AI solutions are also being actively implemented in key areas, but the experience of using video analytics systems, which are used to monitor public transport, law and order and security, housing and utilities, is separately noted. In Moscow, healthcare solutions are being successfully implemented, which are available not only to Muscovites, but also to residents of other regions of Russia.

"We are creating a competence center where regions, business and the state will be able to speak the same language. Our task is not just to listen and analyze, but to offer specific and effective solutions aimed at replicating AI solutions, supporting the industry and ensuring the country's leadership in the development of artificial intelligence technologies," said Ildar Akhmetov, head of the CRII.

The session participants drew the center's attention to existing problematic issues, such as data storage and processing, and the high demand for data centers. It is planned to launch a feedback service from businesses, developers, and interested parties on Gosuslugi. The center will process the requests received and develop proposals to eliminate the problematic field that hinders the development and implementation of artificial intelligence in various areas at both the federal and regional levels.

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Financial news: The Bank of Russia has identified over 4 thousand fraudulent and illegal projects in the first half of 2025

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Compared to the same period last year, the number of identified financial pyramids and other illegal entities has increased by 20%.

More than 88% of the identified financial pyramids and illegal brokers offered people investments in pseudo-investment schemes. In total, in the first half of 2025, the Bank of Russia recorded 2.3 thousand pyramid Internet projects.

"The number of pyramids has increased by 1.4 times compared to the same period last year. However, their lifespan has decreased, and the Bank of Russia identifies such projects much faster," says Ilya Kochetkov, Director of the Department of Non-Bank Lending.

The number of black lenders has decreased more than twofold – in the first half of the year, more than 460 such companies were recorded. The regulator also identified almost 1.4 thousand pseudo-brokers.

Fraudsters often create several related projects under different brands to bypass blocked sites. In January-June, 11 thousand Internet resources belonging to illegals were blocked at the initiative of the Bank of Russia. The structure of half of these sites was built using templates.

According to the Bank of Russia, more than 200 administrative cases were initiated against the organizers of illegal projects in the first half of the year for illegal professional activity in providing consumer loans, and more than 300 other response measures were taken.

Read more inanalytical material Bank of Russia.

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Vitaly Savelyev: In terms of the formation of a regulatory framework for the use of unmanned aircraft systems, Russia is among the leading countries in the industry, ahead of the United States and China in a number of decisions

Translation. Region: Russian Federal

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

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Vitaly Savelyev visited the site of the project-educational intensive course "Archipelago-2025"

Deputy Prime Minister Vitaly Savelyev visited the site of the project-educational intensive course "Archipelago-2025", which is being held as part of the international forum "Unmanned Systems: Technologies of the Future", organized on behalf of Russian President Vladimir Putin. This is the largest event in Russia for developers, manufacturers and operators of unmanned and robotic systems. This year the event is being held on the territory of the Skolkovo Innovation Center.

The Deputy Prime Minister visited the exhibition of unmanned aircraft systems (UAS) and held a meeting on the development of the UAS industry. It was attended by Transport Minister Andrei Nikitin, representatives of the Ministry of Industry and Trade, the Ministry of Education and Science, the Ministry of Construction, the Ministry of Transport, the Federal Air Transport Agency, constituent entities of the Russian Federation, as well as manufacturers and operators of unmanned aircraft systems.

Vitaly Savelyev noted the importance of such events, which allow key representatives of the high-tech industry to gather on one platform to discuss current issues and develop joint solutions. Participants discussed successful regional practices of using unmanned aircraft systems in various sectors of the economy (agriculture, delivery, monitoring activities).

The Deputy Prime Minister emphasized that it is necessary to scale up successful examples in other regions, and also discussed in detail the issues of regulating the industry.

"In terms of the formation of the regulatory framework for the use of unmanned aircraft systems, Russia is among the leading countries in the industry, ahead of the United States and China in a number of decisions, which are also on the path of allocating a separate airspace to simplify UAS flights. Let me remind you that last week, the Russian Government decree established airspace class H. This decision simplifies the integration of UAS into the airspace in all regions of the Russian Federation and their operation in the context of growing demand for use in various industries. The Russian Ministry of Transport and the Federal Air Transport Agency have done a lot of work – the draft resolution has been agreed upon with all law enforcement agencies and federal executive bodies. "H" has become the fourth class in Russian airspace – until now it included classes A, C and G," said Vitaly Savelyev.

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The government has expanded the opportunities for Russian manufacturers to participate in government procurement and to receive government support measures

Translation. Region: Russian Federal

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

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The validity period of an entry in the register of Russian industrial products, which confirms their domestic origin, has been increased from three to five years. The decree on this was signed by Prime Minister Mikhail Mishustin.

Extending the validity period of the record will reduce the costs of companies for localization level examination, and will also significantly reduce the administrative burden on domestic manufacturers. Thus, participation in government procurement will become possible without regularly reissuing the documentation required for admission to the auction.

In addition, the decision taken will give producers the opportunity to apply for government support measures that are designed for a period of more than three years.

The three-year validity period of the registry entry was established by the Government in 2022.

The document will be published.

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Marat Khusnullin: Four regional bypasses of cities are being built this year under the national project "Infrastructure for Life"

Translation. Region: Russian Federal

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

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Bypass of Severomorsk, Murmansk region

By 2030, 50 bypasses around populated areas will be built in Russia on the instructions of President Vladimir Putin. In particular, under the national project "Infrastructure for Life", work is underway this year on the construction of four such facilities with a total length of more than 30 km on the regional road network alone, Deputy Prime Minister Marat Khusnullin reported.

"Road bypasses around cities play an important role in relieving the street network and increasing traffic safety. They allow transit transport to be routed outside of populated areas, which reduces traffic jams, reduces noise levels and improves the environmental situation. Thanks to such solutions, drivers do not have to waste time driving slowly through the city, and residents receive calmer and more comfortable streets. By 2030, on the instructions of the President of Russia, Rosavtodor, the State Company Avtodor, and the regions are planning to build more than 50 bypasses of populated areas. Of these, about 36 bypasses of cities will be built on federal highways. No less large-scale work is being carried out on the regional network: out of 14 planned bypasses of populated areas, six have been built and put into operation. Active work within the framework of the national project Infrastructure for Life is being carried out at four more sites: in Perm Krai, Astrakhan and Pskov Regions, and the Republic of North Ossetia-Alania. As a result of the commissioning of the facilities, we will not only receive alternative routes for motorists, but will also create the opportunity for the sustainable development of urban infrastructure," said Marat Khusnullin.

Bypasses of populated areas help in the creation and optimization of transport routes, allowing transit freight traffic to be diverted outside residential areas and reducing the load on the road network.

"Two significant regional facilities have already been commissioned this year. Thus, the construction of the northwestern bypass of the city of Kemerovo, 47.6 km long, has been completed. It was built in three years instead of the planned six years. Another important project is the second stage of the construction of the bypass of Ruzayevka in the Republic of Mordovia. The length of the new road is 4.1 km. These measures have significantly relieved the street and road network of populated areas from transit transport, which has improved the quality of life of people and positively affected the environmental situation," emphasized Minister of Transport Andrei Nikitin.

Under the national project “Infrastructure for Life”, not only are new bypasses being built, but existing ones are also being updated.

"Updating and maintaining city bypasses in good transport and operational condition is also an important task of the national project "Infrastructure for Life". In the current road season alone, repair, major repair and reconstruction work is underway at 34 such sites. Their total length is 102.1 km," said Igor Kostyuchenko, Deputy Head of the Federal Road Agency.

The construction of the northern bypass of Pskov continues in the Pskov Region. Its length will be 8.7 km. At present, the construction readiness of the second launch complex is 22%. The bypass will become the most important link in the region's transport system. It will connect the regional and federal highways: Pskov – Gdov – Slantsy – Kingisepp – Kuzemkino – Krakolye and A-212 Pskov – Izborsk – border with the Republic of Estonia. In addition, the bypass will provide convenient access to the special economic zone "Moglino", which will have a positive effect on the industrial potential of the Pskov Region.

In the Republic of North Ossetia – Alania, a 7.1 km long bypass of the village of Arkhonskaya will be built. It will be connected to the regional highway Vladikavkaz – Ardon – Chikola – Lesken-2, which connects four districts of North Ossetia and is the main transport corridor for freight and passenger transportation across the territory of the republic. The project includes the construction of a bridge across the Gizeldon River with a length of 92.3 running meters and two overpasses – at the intersection with the main highway at the entrance to the village and at the intersection with the inter-municipal road Arkhonskaya – BMK – Khumalag – "Kavkaz".

In addition to the construction of new bypasses of populated areas, much attention is paid to the modernization of existing ones. In the Republic of Adygea, a 5 km section of the Maikop bypass has been repaired. The highway connects the regional road Maikop – Giaginskaya – Psebay – Zelenchukskaya – Karachayevsk and two federal highways: Maikop – Tuapse and R-217 "Kavkaz". In addition, the Maikop bypass is a key transport artery not only for local residents, but also for guests of the republic, as it is part of the tourist route to the Black Sea coast. The highway can also be used to reach the mountain attractions of the region.

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Financial news: Unscheduled technical work on the T0 stock market test circuit

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Today, August 8, 2025, we are conducting unscheduled maintenance on the dedicated test circuit T0 of the stock market (UAT_GATEWAY). We apologize for the inconvenience.

Temporary loss of access to the test system is possible, as well as a reset of applications and transactions concluded in the test system on the day of the work.

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Financial news: 08.08.2025, 10-17 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JWGS8 (TbankB20) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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08.08.2025

10:17

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 08.08.2025, 10-17 (Moscow time), the values of the upper limit of the price corridor (up to 99.21) and the range of market risk assessment (up to 1050.84 rubles, equivalent to a rate of 16.25%) of the security RU000A0JWGS8 (TbankB20) were changed.

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