Vitaly Savelyev's working visit to the Islamic Republic of Iran.

Translation. Region: Russian Federation –

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

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Vitaly Savelyev, Deputy Prime Minister and Special Presidential Representative for the Development of the North-South International Transport Corridor, visited Iran. During the visit, he held talks with Ali Larijani, Secretary of the Supreme National Security Council of the Islamic Republic of Iran.

A representative Russian delegation discussed a wide range of issues related to economic cooperation between the two countries with their Iranian counterparts. The focus was on cooperation in transportation and the development of the North-South International Transport Corridor (INSTC), a key area of the Comprehensive Strategic Partnership Agreement.

Vitaly Savelyev noted the growth of rail container transit from Russia via Iran and the successful operation of a regular container service launched in 2022 along the eastern route of the North-South International Transport Corridor.

The implementation of the intergovernmental cooperation agreement signed in 2023 on the financing and construction of the Rasht-Astara railway in the Islamic Republic of Iran was discussed in detail.

Vitaly Savelyev invited the Iranian delegation to participate in the International Transport and Logistics Forum in St. Petersburg in 2026.

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The government will allocate more than 5.2 billion rubles for road construction and repair in the regions.

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

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Document

Order No. 3877-r of December 19, 2025

Financing the development of road infrastructure in the regions remains a government priority. By the end of 2025, several regions will receive additional funds for road construction, repair, and rehabilitation. An order reallocating over 5.2 billion rubles for these purposes has been signed.

Transfers from the road fund will be sent to the Nizhny Novgorod, Smolensk, Omsk, Orenburg, and Kaliningrad regions, as well as to Khabarovsk Krai.

Comment

From Mikhail Mishustin's opening remarks at the Government meeting, December 18, 2025

Commenting on the decision takenGovernment meeting on December 18Mikhail Mishustin noted that the allocated funds will be used to build several road sections in the Kaliningrad Region. In the Khabarovsk Region, they will be used to build a road to the automobile border crossing point being built on Bolshoy Ussuriysky Island. In the Omsk Region, they will be used to build a northern bypass around Omsk. This highway, including interchanges and bridges, will be approximately 70 km long. This project, once completed, will not only significantly relieve congestion on the city's main thoroughfares but also integrate the Omsk Region into international transport corridors.

In addition, several sections of roads and related infrastructure in the Nizhny Novgorod and Smolensk regions will be brought up to standard using federal funding. In the Orenburg region, funds will be used to restore roads damaged by the 2024 flood.

"A reliable road network is key to the sustainable development of regions," Mikhail Mishustin emphasized.

The work is being carried out within the framework of the state program "Development of the Transport System" and the national project "Infrastructure for Life."

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The government has set a rice export quota for 2026.

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

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Document

Resolution of December 19, 2025 No. 2076

From January 1 to December 31, 2026, Russia will impose a quota on the export of paddy rice outside the Eurasian Economic Union. A resolution to this effect has been signed.

The quota will be 200,000 tons per year. Within the quota, the export duty will be zero; outside the quota, it will be 50% of the customs value of the product.

The decision was approved by the Subcommittee on Customs, Tariff, and Non-Tariff Regulation, and Protective Measures in Foreign Trade of the Government Commission on Economic Development and Integration. It will stimulate the further development of rice farming in Russia and help develop new foreign consumer markets.

A temporary ban on the export of paddy rice is in effect in Russia from July 1, 2022, to December 31, 2025. There is currently no need to extend the ban, as production volumes fully meet the domestic market's needs for this product.

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Alexander Novak presented the Order of Honor to the team of the Renova Group of Companies.

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

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Deputy Prime Minister Alexander Novak took part in a gala evening to mark the 35th anniversary of the Renova Group of Companies.

The Deputy Prime Minister read a congratulatory message from Russian President Vladimir Putin on the occasion of the company's anniversary and presented the Renova team with the Order of Honor for their contribution to the development of industry and strengthening the economic potential of the Russian Federation.

"Over the past years, Renova has come a long, impressive way and is now rightfully considered one of the country's leading diversified corporations. Thanks to a responsible approach to business, sound management decisions, and the creative work of your team, you consistently achieve success in various areas and make a significant contribution to the development of strategically important sectors of the domestic economy – mechanical engineering and energy, transport and infrastructure, construction, and metallurgy," the President emphasized in his congratulatory message.

Alexander Novak added that Renova plays a huge role in modernizing the economy, achieving technological sovereignty, and developing innovation.

"The companies within the group are modern, high-tech organizations that ensure the socioeconomic development of our country. And the company's greatest asset is its professionals who work hard, implement innovative solutions, and boldly move forward," said the Deputy Prime Minister.

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Financial news: On changing the order of displaying values of the zero-coupon yield curve of government bonds on the website.

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Source: Moscow Exchange – Moscow Exchange –

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Please note that the maximum period for which the values of the zero-coupon yield curve of government bonds are displayed in archive of values And graphics The term on the website is limited to 20 years, based on the current term structure of the federal loan bond market. Zero-coupon yield curve values for longer maturities (up to 30 years) are available using the zero-coupon yield curve calculator. on the page.

Contact information for media: 7 (495) 363-3232PR@moex.com

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Marat Khusnullin opened the Volgograd Circus building after a major renovation.

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

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A grand opening ceremony for the renovated State Circus building was held in Volgograd. Deputy Prime Minister Marat Khusnullin announced the opening.

“Today, on the eve of the holidays, a significant event took place – the opening after a full-scale reconstruction of the Volgograd Circus. This is part of our systematic work to update cultural sites throughout Russia. The circus has not been reconstructed for more than 50 years, since its opening in 1967. The work started in January 2023 and was completed on time. The area of ​​the building increased to 10 thousand square meters. m. New sound, lighting and multimedia equipment have been installed for more colorful performances. All engineering systems in the hall have been completely replaced. I am sure that the updated circus will become not only a popular place for young Volgograd residents and their parents, but also a point of attraction for tourists from all over Russia. Today the first performance will take place in the renewed circus. It is gratifying that the participants in the special military operation, their children and relatives will be the first to see it. I express my sincere gratitude to everyone who took part in the organization and implementation of this project. The successful result was made possible thanks to the effective work of the Ministry of Culture and the personal attention of Minister Olga Borisovna Lyubimova, as well as coordinated interaction with colleagues from the regional government. Special thanks to Governor Andrei Ivanovich Bocharov for his constant attention to the project and persistence in resolving the issue of financing, which made it possible to complete the work on time. A key role in the execution of the work was played by the company “Unified Customer”, a leading operator in the field of government contracts in construction. I would also like to thank the contractors, builders, all the specialists involved and, of course, the circus team,” said Marat Khusnullin.

Thanks to the renovation, the circus building now has more space for animals, creating modern, safe, and comfortable conditions for them. To achieve this, a new building, covering approximately 3,000 square meters, was added to the central portion of the building.

"In the Volgograd Region, with the support of the President of the Russian Federation, the Russian Government, and the Ministry of Culture, extensive work is underway to create modern cultural facilities. Most recently, the modern Young Spectator's Theater in Volgograd opened its doors to residents and visitors of the Volgograd Region. At the direction of the President of Russia, work continues to establish the Ilya Ivanovich Mashkov Museum of Fine Arts on the premises of the world-famous Central Department Store, as well as a cultural and educational center named after our world-famous and beloved compatriot, Alexandra Nikolaevna Pakhmutova. Today marks a very important day for the Volgograd Region's cultural sector – the large-scale renovation of another cultural facility beloved by many generations of Volgograd residents and our guests – the Volgograd Circus – has been completed. Thank you to the President of our country, the Russian Government, and to you personally, esteemed Marat Shakirzyanovich, for your support of the Volgograd Region and your active participation in the implementation of development projects," said Volgograd Region Governor Andrei Bocharov.

Currently, Unified Customer is engaged in the reconstruction of four more Rosgoscirk branches – in Tver, Yekaterinburg, Voronezh, and Irkutsk.

"Over the three years of reconstruction, the builders have accomplished a significant amount of work, so that today the first audiences can enjoy the updated interior and the vibrant circus acts. The building's interior has been given a new look, and the auditorium now boasts modern sound and lighting equipment, making the performances even more vibrant and expanding the creative possibilities for directors. Over 500 specialists worked on the construction site throughout this extensive modernization," said Karen Oganesyan, General Director of the Unified Customer Production Company.

According to Sergei Belyakov, General Director of Rosgoscirk, the opening of the company's Volgograd branch will go down in the city's history as a symbol of the unity of artists and audiences who gather to share moments of delight and wonder at future performances: "The renovated Volgograd Circus will become a true jewel of the city's cultural life, a place where generations meet, where new stars are born, and an atmosphere of joy, inspiration, and creativity reigns. It will feature state-of-the-art equipment, comfortable conditions, and programs long awaited in Volgograd. We hope the circus will become the pride of the hero city and will continue to delight audiences for many years to come. Many exciting premieres, exciting projects, and encounters with talented artists from around the world lie ahead."

Furthermore, security was a key focus during the circus's renovation. The building's entrances are now equipped with all modern security screening systems. Fire alarm, notification, and smoke removal systems, a fire water supply system, and a fire suppression pumping station have been installed.

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.

Yuri Trutnev: The President's order to form the Trans-Arctic Transport Corridor must be fulfilled.

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

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Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yuri Trutnev held a meeting on the development of the Trans-Arctic Transport Corridor.

“Following the results of the International Arctic Forum in March 2025, Russian President Vladimir Vladimirovich Putin instructed the Government to develop and approve a financial, economic and organizational model for the formation of the Trans-Arctic Transport Corridor. A key section of the transport corridor is the Northern Sea Route. We have talked many times about how the Northern Sea Route can and should become the most important transport artery from Europe to Asia. Much work has been done to develop the Northern Sea Route. The volume of transit traffic increased from 2.1 million to 3.2 million tons, and the total volume of traffic in 2024 increased to almost 38 million tons. At the same time, the range of our cargo and, in fact, the points from which we send them are quite localized. This is LNG from the Novatek company, oil and oil products from the companies Gazprom Neft, Lukoil and NK Rosneft, cargo from the Norilsk Nickel company. In fact, the Northern Sea Route is not used for transporting goods located on the continental part of our country. To lift cargo to the Northern Sea Route, it is necessary to build railways, dredging, and most importantly, to understand the economy, determine the cargo base: what we can transport and what benefits these transportation will provide to the economy of our country. This work began in a number of regions. For example, the project “Ural Industrial – Ural Polar” was calculated. But this was quite a long time ago. In order to return to these tasks, the calculations need to be updated. This work must be continued. Another necessity, why we must do this, is that the Eastern range will not provide transportation of the required amount of cargo. To determine further directions and volumes of work along the Trans-Arctic Transport Corridor, today we will talk about the work that should be carried out by Russian Railways, Rosatom, the Federal Agency for Water Resources and the constituent entities of the Russian Federation located in the Trans-Arctic Transport Corridor zone. and let’s try to figure out what we must do to fulfill the order of the President of the Russian Federation. The work is very big, but it will help us “sew together” the entire territory of Russia, create new conditions for its economic development,” Yuri Trutnev opened the meeting.

Following the International Arctic Forum, Russian President Vladimir Putin ordered the updating of the Fundamentals and Strategy for the Development of the Arctic Zone of the Russian Federation. The draft decree is currently being revised based on proposals from the Presidential Executive Office.

"The Trans-Arctic Transport Corridor and its key component, the Northern Sea Route, are a natural transport artery for the transportation of Arctic raw materials and manufactured goods. The formation and development of the transport corridor is interlinked with the achievement of national interests in the Arctic and includes the development of mineral resource centers, technological and industrial advancement, national security, and ensuring a high quality of life and well-being for the population," noted Alexey Chekunkov, Minister for the Development of the Russian Far East and Arctic.

The resource supply of the Trans-Arctic Transport Corridor's cargo base was discussed. Minerals and their derivatives are the foundation for the development of the Northern Sea Route and the Trans-Arctic Transport Corridor. Over the past 10 years (2014–2024), cargo traffic along the NSR increased from 4 million to almost 38 million tons. This year, it has already exceeded 35 million tons. Hydrocarbons, including LNG and gas condensate, oil, and petroleum products, account for 86% of the cargo transported. The combined share of iron ore concentrate, coal, and other bulk cargo does not exceed 3%. General and containerized cargo accounts for another 11%.

It was proposed to intensify geological exploration efforts, given the timeframe for field preparation. Also discussed was the creation of conditions for the development of deep processing, so that cargo transported along the Trans-Arctic Transport Corridor would have greater added value.

It was proposed to include measures for the development of the Trans-Arctic Transport Corridor as a separate section within the unified plan for the implementation of the Strategy for the Development of the Arctic Zone of the Russian Federation, taking as a basis the updated measures implemented within the framework of the Northern Sea Route plan.

The agenda included issues related to the development of shipping and railways to support freight transportation along the Trans-Arctic Transport Corridor. According to Transport Minister Andrey Nikitin, the Trans-Arctic Transport Corridor will be supported, among other things, through Russian seaports located west and east of the Northern Sea Route. The main ports of the Trans-Arctic Transport Corridor outside the Northern Sea Route are the Big Port of St. Petersburg, Ust-Luga, Kaliningrad, Murmansk, Arkhangelsk, Petropavlovsk-Kamchatsky, Nakhodka, Vostochny, and Vladivostok. As part of the federal project "Development of the Backbone Network of Seaports" within the national project "Efficient Transport System," measures are planned to increase capacity by 2030: by 19.4 million tons at the seaport of Murmansk and by 17.8 million tons at the seaport of Vladivostok by 2030.

Rosatom, with the participation of federal executive bodies, including the Russian Ministry of Transport, is working within an interdepartmental working group to develop the range and volumes of cargo that could form the cargo base of the Trans-Arctic Transport Corridor. Only after the cargo base is established and the corresponding cargo flows are identified will the Russian Ministry of Transport be able to prepare proposals, if necessary, for adjusting the federal project "Development of the Seaport Core Network" to create the necessary capacity at seaports.

A key element in the development of the Trans-Arctic Transport Corridor is the availability of a fleet capable of navigating Arctic waters. The demand for the number and types of vessels will depend on the projected cargo traffic along the Trans-Arctic Transport Corridor. To ensure reliable cargo transportation along the Trans-Arctic Transport Corridor, it is crucial to establish long-term vessel charter contracts tailored to specific cargo flows. Long-term time charter contracts will allow shipowners not only to attract vessels from the market over the long term but also to plan for vessel construction, including at Russian shipyards. Defining the cargo base for the Trans-Arctic Transport Corridor will also enable the development of long-term plans for the infrastructure leading to the seaports of the Trans-Arctic Transport Corridor, including roads and railways.

"Each ministry and agency must address issues within their area of competence. These competencies are divided by decisions of the President of the Russian Federation and the Russian Government. I also ask all governors present to prepare proposals for the development of the subarctic zone. A separate issue concerns attracting investors. A significant amount of work falls to the Ministry of Natural Resources: they need to review subsoil development and geological exploration. The Ministry of Industry and Trade must consider the depth of mineral processing. There is no way to continue focusing solely on raw materials development. The Ministry of Transport is the organization that provides logistics for the entire country. I believe the next point of our discussion will be the strategic session that the Prime Minister will hold in June. This is the event at which we have the full right and responsibility to present proposals for the development of the Transarctic Transport Corridor. The Ministry for the Development of the Russian Far East, the Ministry of Economic Development, and representatives of the scientific community must participate in this work. We need to calculate what we can transport, which goods will benefit the country's economy, and calculate the return on investment. "The work of developing the Trans-Arctic Transport Corridor is extensive, it is significant for our country, and it requires us to go beyond the existing framework and look to the future, and we must accomplish it," Yuri Trutnev concluded the meeting.

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Financial news: On December 23, 2025, JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is 23.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 557,000,000. Placement period, days – 90. Date of depositing funds is 25.12.2025. Date of return of funds is 25.03.2026. Minimum placement interest rate, % per annum is 15. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 557,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 10:30 to 10:40. Competitive bids from 10:40 to 10:50. The cutoff percentage may be set or the auction declared void by 11:30.

Additional conditions.

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Financial news: On December 22, 2025, JSC “SME Corporation” will hold a deposit auction.

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Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 22.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 460,000,000. Placement term, days – 90. Date of depositing funds is 24.12.2025. Date of return of funds is 24.03.2026. Minimum placement interest rate, % per annum is 15. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 460,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 10:30 to 10:40. Competitive bids from 10:40 to 10:50. The cutoff percentage may be set or the auction may be declared void by 11:30. Additional terms and conditions.

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Financial news: 12/19/2025, 12:59 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A10B0T2 security (RZhD 1P-39R) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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December 19, 2025

12:59

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 19.12.2025, 12-59 (Moscow time), the values of the upper limit of the price corridor (up to 124.99) and the range of market risk assessment (up to 1351.61 rubles, equivalent to a rate of 21.25%) of the security RU000A10B0T2 (RZhD 1P-39R) were changed.

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