Financial News: Questions and Answers: Social Bank Deposit and Social Bank Account

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Updated: 18.03.2024

The following persons have the right to insurance compensation:

– small businesses;

— non-profit organizations (NPOs) that operate in one of the following organizational and legal forms:

a) property owners' associations;

b) consumer cooperatives, with the exception of financial institutions;

c) Cossack societies included in the register of Cossack societies;

d) communities of indigenous peoples of Russia;

d) religious organizations;

e) charitable foundations;

3) NPOs – providers of socially useful services that meet the requirements established by Federal Law No. 7-FZ of 12.01.1996 "On Non-Commercial Organizations", information about which is contained in the register of non-commercial organizations – providers of socially useful services.

From 25.03.2024, the deposit insurance system will also extend to:

1) medium-sized enterprises included in the relevant register, with the exception of entities that are credit institutions and non-credit financial institutions in accordance with the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”;

2) socially oriented non-profit organizations, as well as trade unions (trade union organizations).

3) lawyers, notaries and other persons carrying out professional activities provided for by federal law.

The maximum amount of insurance compensation will be 1.4 million rubles for accounts and deposits in one bank.

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.

Financial news: Methodological recommendations, including control ratios (NO AIF and UK, NO BKI, NO PURTSB, NO SD)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The final XBRL taxonomy of the Bank of Russia (version 7.0), in comparison with the preliminary XBRL taxonomy of the Bank of Russia (version 7.0), contains architectural amendments to the supervisory and statistical reporting module, as well as control ratios of indicators of supervisory and statistical reporting of non-credit financial institutions, entities providing professional services in the financial market, and self-regulatory organizations in the financial market (hereinafter referred to as financial market participants).

The final XBRL taxonomy of the Bank of Russia (version 7.0) contains a finalized set of requirements for reporting data in terms of supervisory and statistical reporting for the following segments:

1) insurance organizations, mutual insurance societies, foreign insurance organizations (subject to the entry into force of the draft Bank of Russia instruction1);

2) non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction2);

3) professional participants in the securities market, trade organizers, clearing organizations (subject to the entry into force of the draft Bank of Russia instruction3);

4) joint-stock investment funds, investment fund management companies, mutual investment funds, non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction4);

5) specialized depositories (subject to the entry into force of the draft Bank of Russia instruction5);

6) credit rating agencies (subject to the entry into force of the draft Bank of Russia instruction6);

7) insurance brokers (subject to the entry into force of the draft Bank of Russia instruction7);

8) credit history bureau (subject to the entry into force of the draft Bank of Russia instruction8);

9) operators of investment platforms, operators of financial platforms, operators of information systems in which digital financial assets are issued, operators of digital financial asset exchange (subject to the entry into force of the draft Bank of Russia instruction9);

10) payment acceptance operators (subject to the entry into force of the draft Bank of Russia instruction10);

11) self-regulatory organizations in the financial market (submission in accordance with the current Bank of Russia Instruction dated 10.06.2024 No. 6744-U11).

The final XBRL taxonomy of the Bank of Russia (version 7.0) also contains a finalized set of requirements for reporting data on cash transactions (OKUD 0420011) (presentation in accordance with the current Bank of Russia Instruction dated 28.06.2024 No. 6789-U12) and requirements for reporting data of annual consolidated financial statements (presentation in accordance with the current Bank of Russia Instruction dated 20.07.2020 No. 5510-U13).

The specified version of the XBRL taxonomy of the Bank of Russia is intended for review.

In the future, it is planned to publish a corrective version of the final XBRL taxonomy of the Bank of Russia (version 7.1), which will include corrected control ratios and other targeted improvements, with a planned entry into force date of 01.01.2026.

Information about the pilot collection of test reporting will be provided additionally.

Please note that the final XBRL taxonomy of the Bank of Russia (version 7.0) does not contain requirements for the accounting (financial) reporting of non-credit financial institutions and persons providing professional services in the financial market.

1 The project of instructions of the Bank of Russia “On the Forms, Dates and Procedure of the Compilation and Presentation of the Reporting of Insurers to the Bank of Russia.” The project of the Bank of Russia “On Amending the Bank of Russia dated June 28, 2024 No. 6796-U”. and clearing organizations, as well as other information. ”4 Project of the Bank of Russia instructions“ On Amending the Bank of Russia dated October 5, 2022 No. 6292-U. ”Design of indicating the Bank of Russia“ On Amending the Bank of Russia dated September 27, 2022 No. 6270-U. ”The draft of the Bank of Russia instruction“ On the content of the reporting of the credit rating agency, the subject, form, form and form of terms and procedure, form, form and manner. its compilation and submission to the Bank of Russia. ”The project of instructions of the Bank of Russia“ On Amendments to the Bank of Russia dated June 28, 2024 No. 6795 ”.8 The draft Bank of Russia instructions“ On Amending the Bank of Russia dated September 27, 2022 No. 6267-U. ”9 Draft of the Bank of Russia instructions “On the procedure and the terms for the procedure and submission to the Bank of the reports of investment operators platforms, reporting of financial platforms operators, information systems operators in which digital financial assets are issued, digital financial assets exchange operators, reports of investment platform operators and the composition of the information included in them, financial platform operators, as well as the procedure for reporters of investment platforms, financial platform operators, and information operators. systems in which digital financial assets are issued, information exchange operators to the Bank of Russia information about persons who are entrusted with identification, simplified identification, updating information about customers, customer representatives, beneficiaries and beneficial owners .10 Project of the Bank of Russia “On the form, Preject of drawing up, terms and procedure for submitting to the Bank of Russia Bank reports of operators for receiving payments, on the procedure for the report of the Bank of Russia, information about persons who are entering the receipt of identification, updating information about clients, customer representatives, beneficiaries and beneficial owners .11 Bank of Russia indication dated 10.06.2024 No. 6744-U “On the content, forms, procedure and terms for compiling and submission to the Bank of Russia in the Bank of Russia Reporting of a self-regulatory organization in the field of the financial market. ”12 Bank of Russia indication dated 06.28.2024 No. 6789-U “On the forms, terms and procedure for drawing up and submission to the Bank of Russia reports on transactions with cash funds of individual non-credit financial organizations. ”13 Bank of Russia indication dated 20.07.2020 No. 5510-U“ On the Procedure and Dates for submission to the Russian Banking Bank Consolidated financial statements by organizations specified in paragraphs 2-5 of part 1 of Article 2 of the Federal Law of July 27, 2010 No. 208-ФЗ “On Consolidated Financial Reporting”.

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.

Meeting of Mikhail Mishustin with the head of the Federal Service for Supervision of Transport Viktor Gulin

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.

The results of the service's work and the main tasks for the upcoming period were discussed. In particular, they discussed working with risk indicators, introducing proactive mechanisms for self-examination and assessing the integrity of enterprises, electronic services for the provision of public services, in particular, for checking the theoretical knowledge of drivers remotely using AI technologies.

From the transcript:

M. Mishustin: Good afternoon, dear Viktor Borisovich!

You have recently taken charge of the service responsible for all types of control and supervision in the transport sector. You are responsible for the activities of air, water, rail, freight road transport, as well as the subway, which is extremely important for the safety of passengers and the prevention of injuries in transport, the preservation of goods and equipment.

You are familiar with this work. You have extensive professional experience in this field. I am sure that your competence and knowledge will help you in managing this important system.

I would like to ask you about the results of the service’s work recently and what are its main tasks.

V. Gulin: Dear Mikhail Vladimirovich!

Head of the Federal Service for Supervision of Transport Viktor Gulin.

The government has approved regulations on types of supervision on all types of transport. They contain all the necessary tools, methods of control and prevention that we use.

The main task of the Federal Service for Supervision of Transport is to reduce accidents and injuries, and to prevent emerging risks and incidents in the transport industry.

The Service, within the framework of the departmental project to improve control and supervision activities in the transport sector, has achieved the main goal – a 45% reduction in the number of fatalities and injuries by 2024 compared to the base year of 2017. The number of transport accidents has also decreased by 45% compared to the base year.

In the framework of the law on control and supervision, the most effective tool today, we believe, is the risk indicators of violation of mandatory requirements. Risk indicators are compliance with or deviation from the parameters of objects of control, which in themselves are not violations, but indicate the presence of some risk factors.

Working with risk indicators allows monitoring the activities of controlled persons without interaction. That is, we do not create an additional burden on business.

Based on the results of the assessment of the state of transport safety and in order to improve the efficiency of control and supervision activities, the service has developed and adopted 41 risk indicators for all types of transport. At the same time, in the first five months of this year, Rostransnadzor has already carried out 115 unscheduled control and supervision activities, which were carried out based on the triggering of risk indicators, which is almost twice as much as in the same period last year.

The effectiveness of risk indicators is quite high. For example, in railway transport it is 100% today. We continue to work on developing risk indicators. Today, six new risk indicators are being developed in the field of aviation, automobile transport and transport safety.

In addition, the service widely applies a whole range of preventive measures. In figures, Rostransnadzor has carried out more than 450 thousand preventive measures in the first five months of this year, including 50 thousand warnings, 2 thousand preventive visits, 84 self-examinations. 12 measures to stimulate conscientiousness have been adopted, 66 public hearings have been held.

Preventive measures help maintain the proper level of safety in transport.

M. Mishustin: It is absolutely obvious that we need to shift the emphasis to the conscientious implementation of all procedures by the business itself. In fact, this is the risk-oriented approach we are talking about, when the service can provide relevant information at a high professional level to a company or organization for their independent actions in this area, mainly preventively.

And of course, we need to further expand the practice of stimulating companies and enterprises to comply with mandatory technical and technological requirements. This is an effective mechanism for improving the business climate.

Feedback from enterprises and entrepreneurs is very important here, because they themselves are interested in receiving such information. This reduces their insurance premium and gives them the opportunity to correct themselves in time if any of the risks may materialize.

The most important thing, of course, is preserving the lives of employees. What have you managed to achieve in this direction?

V. Gulin: In accordance with the concept of improving control and supervisory activities approved by the Government, effective development and popularization of self-examination are impossible without ensuring the necessary level of motivation of economic entities. We understand this. In this regard, today we are integrating the self-examination mechanism into the system of categorizing objects of control, which allows controlled persons to reduce the risk categories of objects.

It is already possible to reduce the risk category in relation to objects of control. This is envisaged as a measure to stimulate good faith by the provisions on state control in the field of railway transport, merchant shipping and inland water transport, in the field of civil aviation.

Thus, we are creating a flexible two-way mechanism: on the one hand, a proactive one, motivating controlled persons to comply with mandatory requirements and undergo self-examination and integrity assessment, on the other hand, it is a risk-oriented approach in the form of unscheduled inspections that we conduct when risk indicators are triggered. That is, here we are already introducing a security management system.

I would also like to mention feedback from businesses in terms of providing public services. Today, the most significant criterion for the work performed for us is the level of satisfaction of the applicant with the quality of services provided. At present, Rostransnadzor has such a level of 4.8% out of 5 possible.

Today Rostransnadzor provides 100% of state services through a single portal of state services. And we have 18 such services.

As a result of the optimization of permitting activities, the terms of provision of state services by Rostransnadzor have been reduced from 45 days to 5 days. Some services are provided within two days. The number of documents provided has been halved. And we have transferred two services to a notification procedure.

Such results were achieved with the help of electronic services. We are developing information electronic interaction with the Ministry of Digital Development, the Prosecutor General's Office, Rosaccreditation, Rosavtodor, Rosaviatsia and other government agencies and business structures. And such interaction allows us to exercise control in a remote format and most effectively implement the requirements of the legislation.

And I would like to note separately: as part of the digital transformation of the department for the state service of issuing a certificate for the right to operate railway rolling stock, Rostransnadzor plans to implement the possibility of passing a theoretical knowledge test remotely using artificial intelligence technologies.

Currently, the Ministry of Transport has completed work on approving a new procedure for issuing certificates, which will come into effect on September 1 of this year. A new form of certificate has been introduced with the addition of the category "high-speed railway rolling stock".

On September 3 of this year, the service has already planned to conduct a theoretical knowledge test for the first group of drivers in the category of "high-speed railway rolling stock". By the end of this year, about 200 drivers will undergo a theoretical knowledge test in the new category.

This work is being carried out within the framework of the instructions of the President of the Russian Federation Vladimir Vladimirovich Putin on the implementation of the project for the construction of the high-speed railway Moscow – St. Petersburg.

M. Mishustin: Viktor Borisovich, it is important to continue improving the technological and safe transport system. To promote the consolidation in practice, which is very important, of our domestic solutions, including in the field of digital transformation, software.

You have just spoken about the results. They are quite effective. In particular, the reduction of the terms from 45 to 5 days, I am sure, was felt by many citizens and companies, who in one way or another need a quick and motivated response from your service when there are any questions related to the implementation of state functions. And of course, it is necessary to implement all the necessary approaches to ensure our Russian sovereignty in this area. Good luck to you.

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.

Every fourth business in Russia considers itself to be part of the creative industries.

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

Only 30% of entrepreneurs in Russia are familiar with the concept of creative industries and associate it with creativity (38%), advertising (17%) and new technologies (13%). At the same time, every fourth respondent classifies their business as a creative industry. These are the findings of the study "Entrepreneurs of Russia: Research Monitoring" (PRIM), which is conducted by the Ministry of Economic Development of Russia, Sberbank and the Public Opinion Foundation.

"According to the results of the PRIM study, only a third of entrepreneurs have heard of creative industries, but every fourth already considers their business to be related to this area. Even with relatively low awareness, many entrepreneurs already associate their activities with creative industries, since their business is somehow related to the creation of original content, design, innovative solutions or cultural values. The study also shows a significant demand for creative specialists: 57% of the entrepreneurs surveyed have experience of cooperation with creative specialists, and 40% of this group intend to continue cooperation. Such dynamics are explained by obvious advantages: according to entrepreneurs, working with creative specialists allows them to attract new clients, strengthen the image and brand recognition, and improve the quality of goods and services," said Deputy Minister of Economic Development of the Russian Federation Tatyana Ilyushnikova.

71% of entrepreneurs have solved creative tasks over the past year, such as creating visual content for promotion (42%). At the same time, 57% of survey participants have engaged external specialists to solve creative tasks. In outsourcing in this area, business owners see both advantages (a chance to attract new clients and improve reputation) and problems (low quality of work, lack of understanding of the specifics of the business). Another 20% of those who have never worked with freelancers would like to start.

“Our study showed that 71% of entrepreneurs annually face the solution of creative tasks in their own business. Most often it is the creation of visual materials for promoting goods and services. At the same time, 42% of businessmen try to cope themselves and a third of them experience significant difficulties. The main problem is in personal qualifications (own and employees), a lack of funds and the lack of creative ideas. Understanding this, Sberba proposed a decision-a Giga assistant who is already available to several hundred thousand entrepreneurs in the Internet banking business. It is developed on the basis of Gigachat’s own neural network model and takes on one of the most important business tasks: it creates a variety of text content, including cards for marketplaces, correctly processes customer reviews, invents promotions. The assistant issues personalized tips and sales analysts based on a particular business data. In parallel, it reduces routine and other standard business tasks-from writing letters to creating an online store directly during a joint dialogue with the owner. We understand how valuable the time of entrepreneurs is, so in the near future we will make a GIGA assistant accessible to all Russian entrepreneurs. After all, now it is evident how generative AI seriously simplifies work with the creative and helps to increase business efficiency, ”said Anatoly Popov, deputy chairman of the board of Sberbank.

In addition to data on creative industries, Sber's research, which took place from May 27 to June 5, 2025, gave an idea of the mood of entrepreneurs in general. Thus, 54% of owners of individual entrepreneurs and LLCs assess their financial situation as satisfactory. 42% believe that it will remain stable in the coming year, and 27% expect improvements.

69% of entrepreneurs do not plan to either expand or reduce their business. 20% of survey participants intend to expand – most often these are young people aged 18-39 (in this category, 30% of respondents answered this way) and those who assess their financial situation as good (35%).

Government support remains important for entrepreneurs. The most popular are special tax regimes (52%), preferential lending (38%), tax breaks (27%) and grants (25%). Women entrepreneurs are more often interested in special tax regimes, training programs and business consulting.

63% of entrepreneurs have employees. The main methods of retaining them are flexible hours (52%), compensation for transportation expenses (37%) and development opportunities (35%). Employees are motivated mainly by money (85%), gratitude (56%) and constructive criticism (43%).

The study covered 614 owners of individual entrepreneurs and LLCs, for whom entrepreneurship is the main type of activity. The survey was conducted by telephone using the CATI method, the statistical error does not exceed 4.8%.

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.

Since the beginning of the year, more than five thousand new SMEs have emerged in the tourism sector in Russia.

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

In the first half of 2025, more than five thousand new small and medium-sized businesses in the tourism sector were created in Russia. Thus, the total number of tourism SMEs in the country reached almost 76.5 thousand, and their revenue by the end of 2024 exceeded 1 trillion rubles.

"Over three years, the number of small and medium-sized enterprises in the tourism sector has grown by 12% and is now approaching 76.5 thousand. And the total employment in the SME segment in the tourism sector is 296 thousand people. The growth rate of domestic tourism and targeted government support provide opportunities for the development of small and medium-sized businesses. Moreover, this is a two-way street: the active involvement of SMEs in the creation of tourism infrastructure is not only a response to market demand, but also the creation of new points of attraction for the redistribution or increase of tourist flows," said Deputy Minister of Economic Development of the Russian Federation Dmitry Vakhrukov.

According to the SME Corporation, the growth rate of SMEs in tourism is 1.5 times higher than in other industries.

"The key feature of the growth of tourism SMEs was the high growth rate relative to SMEs in all industries – more than 1.5 times. Since the beginning of 2025, more than five thousand SMEs have been created in key areas of tourism with a reproduction rate (the ratio of opened and closed enterprises) of 1.7. In general, for all industries, this ratio is significantly lower and is 1.1. Another important trend is the interest in tourism on the part of young people. Every fifth SME is accounted for by young entrepreneurs under 35. At the same time, the average age of entrepreneurs in the tourism sector is 44 years old, which is a year higher than the average for the SME sector," said Alexander Isaevich, General Director of the SME Corporation.

About 45% of SMEs in the tourism sector have hired workers, their number is 234 thousand people. Another 62 thousand are self-employed citizens who work as guides and also provide temporary accommodation services.

The largest number of SMEs in tourism in 2025 opened in Moscow (537), Krasnodar Krai (465), St. Petersburg (282), Moscow Region (244), and the Altai Republic (225). In the ranking of cities, besides Moscow, the resort city of Sochi leads in this indicator (86 SMEs), followed by Krasnodar (83), Yekaterinburg (72), Ufa (60), and Kazan (53). The top 10 municipalities in terms of business growth in tourism also included Gelendzhik (48), Perm (48), municipalities of the city of Moscow (47), Anapa (45), and Novosibirsk (44).

Let us recall that in order to support the tourism business, the SME Corporation allocated a special limit of "umbrella" guarantees in 2025, which will allow small and medium businesses in this area to attract at least 25 billion rubles by the end of the year. A full range of financial and non-financial support measures for the creation and development of entrepreneurship in the tourism sector is presented on the SME.RF Digital Platform.

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.

Ministry of Economic Development: SEZs have become points of growth and concentration of high technologies.

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

On July 15, the Federation Council held a round table on the topic of "Development of special economic zones of the technology-implementation type as a driver of innovation." The event was organized by the Committee on Economic Policy with the participation of Senator Vladimir Kravchenko. The discussion was attended by Deputy Minister of Economic Development of the Russian Federation Svyatoslav Sorokin, representatives of the Ministry of Industry and Trade, heads of special economic zones (SEZ) of the technology-implementation type, as well as industry experts.

Today, there are seven special economic zones of the technology implementation type operating in Russia. Despite their small number, they demonstrate impressive results from year to year, promoting the development of high-tech production and innovative infrastructure. They include: SEZ Technopolis Moscow (Moscow), Saint Petersburg (Saint Petersburg), Dubna (Moscow Region), Tomsk (Tomsk Region), Innopolis (Republic of Tatarstan), Istok (Fryazino, Moscow Region), and Saratov (Saratov, Saratov Region).

In his report, Svyatoslav Sorokin noted the importance of technology implementation zones in the formation of non-resource growth of the economy and the technological sovereignty of the country.

"Today we see that, despite the fact that there are only seven technology-implementation SEZs, they generate almost half of all revenue and jobs created in the SEZ territory. This speaks to the high efficiency of this format and its key role in the development of high-tech production," the deputy minister emphasized.

Today, there are more than 570 residents registered in the TVT SEZ, 32 of which have foreign capital. The total revenue of residents exceeds 1.75 trillion rubles (43% of the total revenue for all SEZs), and the volume of investments amounted to more than 764 billion rubles. Thanks to the activities of these zones, more than 50 thousand highly paid jobs have been created.

"Residents of technology-implementation SEZs today produce unique IT solutions, medical products, and products for the aviation and space industries. These are real growth points and architects of the innovative economy," noted Svyatoslav Sorokin.

The roundtable participants discussed proposals for fine-tuning the SEZ mechanism, aimed at increasing their efficiency and investment attractiveness. The Ministry of Economic Development will work on initiatives from the constituent entities of the Russian Federation to adjust the methodology for assessing the efficiency of special economic zones, providing for increased attention to the development of technologies and the introduction of innovations. The new approach will be implemented taking into account the emphasis on technology implementation processes that ensure the implementation of the strategic goals of the national economy – structural adaptation of industries and the achievement of technological sovereignty of the country. These measures are aimed at increasing the competitiveness of Russian enterprises, accelerating scientific and technological progress and ensuring the sustainability of economic growth in the context of global competition.

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.

Financial news: Average daily turnover of the interbank loan (deposit) market and repo transactions

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

In connection with the entry into force of the Bank of Russia Instruction of May 28, 2003 No. 1283-U “On the procedure for establishing by the Bank of Russia official prices for refined precious metals”, from July 7, 2003 the Bank of Russia introduced the following procedure for establishing official prices for refined precious metals (gold, silver, platinum and palladium).

Every working day, the Bank of Russia calculates official prices based on the fixing values for gold, silver, platinum and palladium on the London spot metal market in effect at the time of calculation, and converts them into rubles at the official exchange rate of the US dollar to the Russian ruble in effect on the day following the day the official prices were established.

Book prices are used for accounting purposes in credit organizations.

anizations, starting from the calendar day following the day of their establishment, and are valid until the new values of the accounting prices come into force.

By Bank of Russia Instruction No. 1284-U of 28 May 2003 "On the Recognition of Certain Regulatory Acts of the Bank of Russia as Invalid", the Bank of Russia Instruction No. 652-U of 30 September 1999 "On the Procedure for Calculating Quotations for the Purchase and Sale of Refined Precious Metals by the Bank of Russia in Transactions with Credit Institutions" (with amendments and additions), which determined the procedure for establishing prices for transactions for the purchase and sale of precious metals by the Bank of Russia on the domestic market, was cancelled.

Transactions for the purchase and sale of refined precious metals by the Bank of Russia on the domestic market will be concluded on market terms at prices that take into account the current situation on the world market and the level of risks of the Bank of Russia associated with fluctuations in world prices for refined precious metals.

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.

Alexander Novak held a meeting on the implementation of the national project "Efficient and Competitive Economy"

Translation. Region: Russian Federal

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

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Deputy Prime Minister Alexander Novak held a meeting on the implementation of the national project "Efficient and Competitive Economy".

It was attended by representatives of federal and regional authorities, the Federal Assembly, the Bank of Russia, public business associations, the state corporation VEB.RF and the Moscow Exchange.

Representatives of the Ministry of Finance and the Ministry of Economic Development reported on the current status of the implementation of the federal projects “Development of the financial market” and “Increasing investment activity”, respectively, which are part of the national project.

The Ministry of Finance is conducting an information campaign to raise awareness among citizens about the possibilities of investing in long-term instruments. This will increase the number of users of long-term savings programs with state support.

The agency also continues to work to reduce administrative barriers to attract foreign investors willing to invest in the Russian economy.

The President set a goal to increase the volume of investment in fixed assets by 60% by 2030 compared to 2020 parameters, as well as to improve the investment climate. A representative of the Ministry of Economic Development reported that dozens of projects in the field of private-public partnership and in the field of technological sovereignty are already being implemented with the support of the state and the active participation of businesses. 40 major investment projects are being implemented within the framework of the project financing factory. The process of concluding new agreements on the promotion and protection of capital continues, investors are actively using the federal tax deduction.

The Deputy Prime Minister instructed the Ministry of Economic Development and the Ministry of Finance, together with industry business associations and investment banks, to continue working to achieve the key indicators of the national project “Efficient and Competitive Economy” and the federal projects included in it in a timely manner.

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.

The State Duma approved in the first reading the bill on investment programs in the housing and communal services sector.

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

At a meeting on Tuesday, July 15, State Duma deputies supported in the first reading a systemic bill that will help increase investment in the housing and utilities sector and modernize the utilities infrastructure.

The bill was prepared in the context of fulfilling the order of Russian President Vladimir Putin to attract budget and private funds in the amount of 4.5 trillion rubles for the modernization of critical infrastructure by 2030.

"The bill introduces a rule for resource supplying organizations to approve investment programs. We also link these programs with depreciation already taken into account in the current tariffs. In the absence of legislatively established directions for depreciation, it is impossible to track what purposes it is spent on (major repairs, covering current expenses, or placing funds on deposits), since this remains at the discretion of the resource supplying organization," Deputy Minister of Economic Development Mikhail Kaminsky noted at the plenary session.

Depreciation charges in the housing and utilities sector are part of the cost of fixed assets that organizations include in their costs to compensate for their wear and tear. Depreciation is already included in the tariffs that the population pays for housing and utilities services, while depreciation can also be used for purposes not related to the modernization of housing and utilities facilities, which leads to insufficient funding of investment programs and accelerated wear and tear of infrastructure.

Now the direction of depreciation to finance investment programs will become mandatory. This will allow the investment resource already included in the tariff to be used for the development of the industry. According to Mikhail Kaminsky, today no more than 10% of organizations have investment programs.

The mechanism of regulatory agreements, which will be extended to the heat supply sector and fine-tuned in water supply, will help support investments in the regions of the Russian Federation. The agreement will establish the procedure for determining and changing tariffs for the heat supply organization, and will record the obligations of the subject of the Russian Federation, the municipality to set tariffs for the entire term of the agreement. This is necessary to attract private investment and provide regions and municipalities with the opportunity to provide budget support measures to resource supply organizations.

“We are thus providing the opportunity to record long-term mutual obligations of resource supplying organizations, regions and municipalities: organizations will receive long-term tariffs that take into account investment programs for a period of at least five years, and regions and municipalities will receive modernized infrastructure facilities,” Mikhail Kaminsky clarified.

The bill also introduces a unified approach to monitoring the implementation of investment programs. Currently, regional state control over investment programs is carried out within the framework of tariff regulation. Now the bodies authorized to do so, which are determined by the region itself, will work according to the rules of the basic law on control. In particular, they will receive the right to inspect the implementation of investment program activities.

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.

Financial news: Results of monitoring maximum interest rates of credit institutions (07/15/2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

1 When determining the maximum interest rate for each credit institution:

— maximum rates on deposits available to any client (including potential ones) without restrictions and preconditions are taken into account. Deposits for selected categories of clients (pensioners, children) and purposes (for social and humanitarian purposes, etc.) are not considered;

— rates with capitalization of interest on the deposit are not taken into account;

— rates that apply under certain conditions (regular turnover on a bank card, constant minimum balance on a bank card, etc.) are not taken into account;

— combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for calculating an increased interest rate may be, for example, the purchase of investment units for a certain amount, opening an investment account, registration of an investment or savings life insurance program, connection of an additional service package, etc.;

— deposits whose term is divided into periods with different rates are not considered.

The average maximum interest rate indicator is calculated as the arithmetic mean of the maximum interest rates of 10 credit institutions.

2 PJSC Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, GPB Bank (JSC) (354) – www.gazprombank.ru, JSC Alfa-Bank (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, JSC "Bank Dom.RF" (2312) – domrfbank.ru, PJSC "Moscow Credit Bank" (1978) – mkb.ru, JSC "TBank" (2673) – www.tbank.ru, PJSC "Promsvyazbank" (3251) – psbank.ru, PJSC "Sovcombank" (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using information provided on the specified websites. The published indicator is indicative.

3 Average maximum interest rates on deposits: for a term of up to 90 days – 17.22%; for a term of 91 to 180 days – 17.39%; for a term of 181 days to 1 year – 16.93%; for a term of over 1 year – 15.08%.

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.