Category: Economics

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Insurers are facing a tough time – the number of large OSAGO payouts has increased by 37% over the past year.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How has the number of OSAGO payments changed in 2025?

A significant increase in OSAGO payments was recorded regardless of the compensation amount – over the first 9 months of this year, the changes were significant:

The number of large payments (from ₽350 to ₽400 thousand) increased by 37%; the number of payments in the range of ₽300 to ₽350 thousand increased by 14%; insurers began to pay out 27% more often for damages in the amount of ₽250 to ₽300 thousand; an 18% increase was recorded in the group from ₽200 to ₽250 thousand; the number of claims for damages from ₽150 to ₽200 thousand increased by 24%.

The requirement to obtain compulsory motor third-party liability insurance (OSAGO) is stipulated by Russian law. Driving without it is prohibited, and violators face a fine (Article 12.37 of the Code of Administrative Offenses of the Russian Federation). Furthermore, in the event of an accident, the uninsured party responsible for the damage is responsible for their own compensation, which, given the constantly rising prices of auto parts, entails significant financial costs.

What's happening to MTPL rates amid rising payout volumes?

The Central Bank of the Russian Federation has revised the terms of compulsory motor third-party liability insurance (CMTPL) policies. The rate corridor for car owners has been expanded by 15% in both directions, while the limits for motorcyclists have been adjusted by 40%. These changes are intended to ensure that Russians receive the fairest possible prices for their policies. However, the new approach has sparked outrage. For example, in Novosibirsk and several districts of Ingushetia, the territorial coefficient has doubled, citing unscrupulous driver behavior as the reason.

"In Novosibirsk and Ingushetia, the level of fraud in the compulsory motor insurance (OSAGO) sector has remained high for the past five years, and the average payout is 1.5 times higher than the national average," the expert notes.

Conscientious drivers will be held accountable for the actions of unscrupulous policyholders, as the territorial coefficient in the aforementioned regions will increase for every policy buyer. Experts fear that the consequences of these changes for residents of Novosibirsk and Ingushetia will be dire: purchasing compulsory motor third-party liability insurance will become an impossible task, and insurers will simply shift their risks onto drivers.

10:00 12/16/2025

Source:

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Marat Khusnullin chaired a meeting of the organizing committee for the 2026 International Economic Forum "Russia – Islamic World: KazanForum."

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Marat Khusnullin chaired a regular meeting of the organizing committee for the preparation and holding of the 2026 International Economic Forum "Russia – Islamic World: KazanForum." The meeting was attended by the Head of the Republic of Tatarstan, Deputy Chairman of the Forum Organizing Committee Rustam Minnikhanov, representatives of federal ministries and agencies, and other members of the organizing committee.

"This is the fourth time that KazanForum will be held as a federal-level event. The forum has already proven its effectiveness as a unique platform for strengthening multilateral economic and humanitarian cooperation between Russia and the countries of the Islamic world. Our priority, in line with the objectives of the national project 'Infrastructure for Life,' will be increasing non-energy exports, as well as financing and developing tourism. The forum program is almost complete. We have agreed to hold several meetings of intergovernmental commissions on its sidelines and are launching an invitation campaign this year. Our shared goal is to organize the 2026 event at the highest level, making it even more meaningful and productive for businesses, regions, and the state. KazanForum attracts more and more participants each year, and it is a valuable tool for export growth and the economies of our countries," said Marat Khusnullin.

The meeting participants discussed in detail the progress of preparations for the forum, which will be held in Kazan in May 2026. The main business program events are scheduled for May 14–15. During the meeting, interim results were reviewed in all key areas: the development of the business program and exhibition display, organizational, transportation, medical support, security, and the cultural and sports program.

"We see growing interest from our domestic and international colleagues in the Kazan platform, which is designed to serve as a venue for meeting, dialogue, and cooperation between our country and the Islamic world. Half of the Republic of Tatarstan's total trade turnover with foreign countries is with countries of the Organization of Islamic Cooperation. In the first nine months of this year, it exceeded $5.1 billion. In 2026, KazanForum will be held as part of a significant event: Kazan's status as the cultural capital of the Islamic world. This underscores the city's importance as a center of Islamic culture and heritage, as well as its role in intercultural dialogue. We highly appreciate the contribution of all partners, agencies, and federal executive bodies that submitted their proposals for the forum's business program. I am confident that, through our joint efforts, the upcoming KazanForum will be organized to a high and distinguished standard," noted Rustam Minnikhanov, Head of the Republic of Tatarstan.

Anton Kobyakov, Advisor to the President of Russia and Executive Secretary of the Organizing Committee, announced that the 2026 International Economic Forum "Russia – Islamic World: KazanForum" will be held under the motto "From Points on the Map to Points of Growth: Combining Technological and Financial Initiatives." He stated that cooperation in these areas is of strategic importance for strengthening Russia's partnership with Islamic countries and transforming individual projects into sustainable centers of economic growth.

"The value of the KazanForum discussion platform lies in creating opportunities to transform geopolitical ties into sustainable economic growth points, ensuring expanded trade and access to new markets in the face of global challenges. The forum's business program is aimed at developing concrete solutions and fostering long-term partnerships in key areas of cooperation, including facilitating the implementation of Russian President Vladimir Putin's instructions to increase non-energy exports to diversify the country's economy," emphasized Anton Kobyakov.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: On December 18, 2025, JSC KAVKAZ.RF will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 18.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 100,000. Placement term, days – 5. Date of depositing funds is 19.12.2025. Date of return of funds is 24.12.2025. Minimum placement interest rate, % per annum is 13. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 100,000. 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 10:00 to 10:10. Competitive bids from 10:10 to 10:15. The cutoff percentage may be set or the auction may be declared void by 10:25. Additional terms and conditions.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Alexander Novak met with members of the board of directors of the Russian Union of Industrialists and Entrepreneurs.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Alexander Novak met with members of the board of directors of the Russian Union of Industrialists and Entrepreneurs.

At the meeting, the parties discussed the most pressing issues facing business and industry. They touched on the implementation of the recently approved plan for structural changes in the economy, which aims to coordinate the work of federal government agencies, regions, and businesses amid ongoing transformations. The plan includes seven areas, including employment structure, consumption structure, technological development, the quality of the investment climate, foreign trade, the "whitening" of certain economic sectors, and improving the effectiveness of defense and security. One of the key tools for implementing the plan is the national business model, which defines more than 40 target indicators and over 250 measures.

"Despite challenging external conditions and internal challenges, the country's economy is showing positive momentum. Over the past three years, GDP growth will approach 10%. Inflation has slowed significantly: forecasts put it at 6% by the end of the year, which is below the forecast. Cumulative real investment growth over the past four years has reached 36%. The main drivers of the economy are manufacturing, mechanical engineering, agriculture, and construction. We are seeing positive dynamics in the oil and gas sector and cargo turnover, particularly in exports," noted Alexander Novak.

The Deputy Prime Minister also took part in the awards ceremony for the winners of the annual "Leaders of Investment Development – 2025" award at the RSPP. The award aims to reward regional investment teams and improve their efficiency and effectiveness.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: About the expiration date of futures-margined options.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Attention participants of the futures market!

Please note that for the futures-style options on the common shares of PJSC Gazprom with contract code GAZR-3.26M210126******* the execution date is 14.01.2026

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

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Gazprom Neft places a pilot issue of over-the-counter bonds on the Finuslugi marketplace.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Gazprom Neft will list its over-the-counter bonds for the first time on Moscow Exchange's Finuslugi marketplace. This collaboration between two technology leaders in the oil and financial industries offers investors a simple and reliable investment tool in key Russian energy projects.

Gazprom Neft's bond offering will total 10 billion rubles. The bonds, sold through Finuslugi, are not listed on the stock exchange and are only available to individuals.

A floating coupon linked to the Bank of Russia's key rate (KS 0.5 percentage points) could potentially provide Gazprom Neft bonds with a high yield among issuers with a credit rating of AAA listed on Finuslugi at the time of placement.

The bonds have a fixed face value of 1,000 rubles. They can be purchased on the Finuslugi marketplace website or mobile app. No brokerage account is required: all transactions are conducted directly between the individual and the issuer. Simply register in your personal account or the Finuslugi mobile app using your Gosuslugi account.

Applications for the purchase of bonds will be accepted:

from 08:00 Moscow time on December 18 until 16:00 Moscow time on December 26, 2025, from 16:00 Moscow time on December 30, 2025 until full redemption.

The bonds have a maturity of 1,080 days (until December 2, 2028). Interest on the bonds accrues daily, and coupon payments are made monthly. Bonds will be redeemed at par value, taking into account the accrued coupon income (ACI). Investors will be able to submit bonds for redemption without waiting for the end of the circulation period: from February 3, 2026, to November 23, 2028. Applications will be processed within six business days, and coupon income will be calculated until the application is processed. Therefore, investors will not lose interest while their application is being processed.

Igor Alutin, Senior Managing Director for Retail Business and the Finuslugi Marketplace at Moscow Exchange:

"By expanding our range of OTC bonds, we strive to provide clients with not just reliable and profitable instruments, but also create opportunities for investment in the country's largest companies and most important projects. Therefore, we are particularly proud to welcome Gazprom Neft, a key player in the Russian oil and gas industry, to our list of issuers. We are confident that our collaboration will give new impetus to the development of investment instruments that will help them take a conscious step toward a sustainable future and financial freedom."

Bonds are available for purchase to tax residents of the Russian Federation who have reached the age of majority.

Finuslugi is a money marketplace created by the Moscow Exchange. On Finuslugi, you can open bank deposits, take out cash loans, purchase mutual fund shares, public bonds from companies and Russian regions, as well as compulsory motor insurance (OSAGO), comprehensive motor insurance (CASCO), mortgage insurance, property insurance, and other products. You can top up your Finuslugi account commission-free using the Faster Payment System (FPS) 24/7. The service can be used regardless of region, anywhere in Russia and worldwide. Learn more on the website. http://finuslugi.ru.

Gazprom Neft operates in Russia's largest oil and gas regions and a number of industrial areas. It also implements production projects outside of Russia. Ensuring one of the best production-to-refining ratios in the Russian industry, Gazprom Neft is implementing a large-scale program to develop its own refineries. Gazprom Neft's network of filling stations comprises approximately 2,400 stations in Russia and abroad. The company supplies aircraft, marine, and river transport, produces high-tech lubricants for industrial and automotive equipment, and bitumen for high-quality road construction. It is also developing alternative energy projects.

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

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Tatyana Golikova led the Russian delegation at the opening of the Future Games in the UAE.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

The opening ceremony of the Future Games took place in Abu Dhabi, the capital of the United Arab Emirates. Deputy Prime Minister Tatyana Golikova led the Russian delegation to the international multi-sport tournament.

The competition will take place from December 18th to 23rd in 11 innovative disciplines, including phygital football, phygital basketball, phygital martial arts, phygital shooters, phygital dancing, drone racing, and robot battle. Russia is represented by 77 participants from 13 teams. Among the Russian participants are teams that hold leading positions in the World Phygital Community international rankings and winners and runners-up of phygital games. These include RFSO Lokomotiv in phygital football, BC Moskovsky and Liga Pro Team in phygital basketball, and Donstu Esports in phygital shooter. Tatyana Golikova wished the participants victory in the competition.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Marat Khusnullin: A new building for a specialized medical center has been commissioned in Moscow.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

A new treatment and diagnostic building for the Russian Ministry of Health's Center for Dermatovenereology and Cosmetology has been opened in Moscow. Deputy Prime Minister Marat Khusnullin announced the opening.

"Modern medical facilities equipped with the latest equipment and technology significantly improve the effectiveness of diagnostics and treatment for our patients. The new specialized treatment and diagnostic building is designed to provide medical care to adult patients with lymphomas and skin tumors, as well as children suffering from severe dermatosis. The facility significantly expands our capabilities for specialized and high-tech medical care and directly contributes to maintaining people's health. The facility was implemented by the Single Customer Development and Control Center (DCC), and the commissioning permit has already been received. We anticipate its opening in 2026," said Marat Khusnullin.

The construction of the facility was carried out within the framework of the register of capital construction projects, which is part of the comprehensive state program "Construction", supervised by the Ministry of Construction of Russia.

"The total area of the facility is over 5,400 square meters. It includes emergency rooms for adults and children, a radiology department, and a 24-hour inpatient unit with 40 beds. The building houses two operating rooms, a central sterilization unit, and a six-bed intensive care unit. A heated underground passage has been built to conveniently transport patients from the new building to the existing physiotherapy unit," noted Deputy Minister of Construction, Housing and Utilities Yuri Gordeyev.

Construction of the building was completed in June 2025. Its surrounding area has been fully landscaped, with lighting installed, recreation areas equipped, and a lawn laid.

"Reconstruction and restoration of the Almshouse building of the Coronation Asylum and the I.D. Baev Almshouse are also underway at the Dermatology, Venereology, and Cosmetology Center. Professional restorers will restore the historical appearance of the building facades, architectural stucco decoration, plaster moldings, and brickwork. The premises will also undergo a major overhaul and renovation. Once all work is completed, the buildings will house a 24-hour dermatology and venereology inpatient department and a consultative and diagnostic department," said Karen Oganesyan, General Director of the Unified Customer Production and Consulting Company.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Decommissioning of the Universal File Gateway software from January 1, 2026.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Moscow Exchange informs you of the planned decommissioning of the Universal File Gateway software, effective January 1, 2026. This service is designed for the receipt and transmission of electronically signed and encrypted electronic documents in free-format files between Trading Participants and Group companies. The full functionality of this service is now available in your Personal Account.

You can go to the Participant's Personal Account (PPA) bylink.

The User Guide for the Participant's Personal Account (PA) can be found atwebsite.

If you have any questions, please contact us athelp@moex.com.

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

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: On December 17, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 17.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 179,000,000. Placement term, days – 112. Date of depositing funds is 18.12.2025. Date of return of funds is 09.04.2026. Minimum placement interest rate, % per annum is 15.75. Terms of the conclusion, urgent or special (urgent). The minimum amount of funds placed for one application (in the placement currency) is 179,000,000. 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 applications from 13:15 to 13:25. Competitive applications from 13:25 to 13:30. Setting the cutoff interest rate or declaring the auction invalid before 13:45. Additional terms and conditions – Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for the placement of funds of the Moscow Small Business Lending Promotion Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

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.