Category: Economics

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Financial news: The first repo transactions with interim payments have been concluded on the Moscow Exchange.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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The volume of debut repo transactions with a central counterparty (CCP) using the interim interest payment service on the Moscow Exchange money market amounted to 500 million rubles.

The first participants to use the new service were Bank Saint Petersburg, Bank Derzhava, and BCS Bank.

The service of interim interest payment when concluding targeted repo transactions with the Central Bank was implemented on the Moscow Exchange on December 8, 2025.

The new service allows parties to a transaction to independently determine the frequency of interest income payments. This increases the flexibility and convenience of money market transactions and provides the opportunity to reinvest funds until the settlement of the second part of the transaction. The minimum frequency of interim payments is one day.

The interim interest payment service is available in targeted repo transactions with the Central Bank settled in Russian rubles and Chinese yuan.

Repo market operations allow professional market participants and their clients to use the most liquid market to place and raise funds secured by securities from a wide range of counterparties for periods ranging from one day to one year.

The Moscow Exchange money market is one of the most important segments of the Russian financial market, used by large corporations, small companies, and individual investors to manage their liquidity. Money market instruments include repos with the Central Custody Transfer (CCT), repos with the Central Custody Transfer (CCT), repos with the Bank of Russia (CBR), interdealer repos, deposits with the CCT, loans, and deposit and loan auctions. Trading is organized by the Moscow Exchange, and clearing and settlement are handled by the National Clearing Center (NCC, part of the Moscow Exchange Group).

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: New Bank of Russia service on Gosuslugi.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Now a citizen or organization can use Gosuslugi can find out, whether they are on the lists of persons controlling credit, insurance organizations or non-state pension funds.

Previously, requests for information were mostly received in paper form. The service allows you to submit a request in just a few clicks and receive a prompt response from the Bank of Russia.

According to the law, credit and insurance organizations and non-state pension funds are required to provide the Bank of Russia with information about the persons who control them, as well as update this data.

Preview photo: Mikhail Grebenshchikov / RBC / TASS

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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The government has extended the preferential leasing program for entrepreneurs in new regions.

Translation. Region: Russian Federation –

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

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The program for preferential leasing of machinery and equipment for small and medium-sized businesses in the Donetsk and Luhansk People's Republics, and the Zaporizhzhia and Kherson regions has been extended until the end of 2026. The necessary amendments have been made to the state program "Economic Development and Innovative Economy" and approved by a government resolution.

This program covers preferential leasing of machinery and equipment in the agricultural, food, transportation, and construction industries. The preferential leasing rate for Russian-made equipment is up to 6% per annum, while for foreign-made equipment, it's up to 8%.

The federal budget allocates 500 million rubles for the program's implementation in 2026.

The preferential leasing program was launched by the government in 2023 and has become a sought-after mechanism for supporting entrepreneurs in new regions. The decision to extend it will facilitate the further development of the industrial sector, help modernize production, and stimulate entrepreneurship.

The document will be published.

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Mikhail Mishustin gave instructions on the implementation of technology policy.

Translation. Region: Russian Federation –

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

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The Ministry of Industry and Trade's authority to shape technology policy will be expanded. This decision was approved by Prime Minister Mikhail Mishustin.

Taking these changes into account, the Ministry of Industry and Trade and the Ministry of Economic Development, together with interested agencies, will submit, by February 5, coordinated proposals to clarify the delineation of powers between federal executive bodies in the area of technology policy and the necessary adjustments to regulatory legal acts.

A decision was also made to vest certain powers in the area of technology policy in the Government Commission on Industry. These include ensuring the functioning of a unified model for managing technology policy, coordinating the appointment of qualified customers and general designers of technology cooperation maps, auditing the implementation of technology cooperation maps, and ensuring the submission of monthly reports to the Prime Minister on the results achieved.

Strengthening the country's technological sovereignty is one of the key objectives set by the President. Specific national projects are aimed at achieving this goal. There are currently eight of them, and another one, dedicated to the bioeconomy, will be launched in January.

On December 15, Mikhail Mishustin held a meeting dedicated to the implementation of technology policyIn his speech, he recalled that a comprehensive system for assessing technological development has been created to monitor the effectiveness of all measures and activities aimed at strengthening the country's technological sovereignty. It contains rules for calculating and monitoring the achievement of goals and allows for tracking the development of high-tech solutions and products based on domestic technologies.

"To accelerate the growth of industries, regions, and the economy as a whole, it's important to continue implementing breakthrough ideas and developing a strong industrial base. This, as the President emphasized, is a national task, in which all levels of government, science, and business must participate," the Prime Minister noted.

Mikhail Mishustin added that advanced solutions should be widely adopted and replicated across all sectors, so that their use improves the quality of Russian goods and services and helps make the lives of our citizens more convenient and comfortable.

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Financial news: AFK Sistema's debut green bond issues have been listed on the Moscow Exchange.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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In December, AFK Sistema placed two issues of green bonds on the Moscow Exchange for a total of 6.5 billion rubles.

The funds were raised to refinance AFK Sistema's expenses for implementing green projects to produce watercraft powered by environmentally friendly energy sources (electricity) and to create infrastructure for such vessels, including the electric passenger vessels Ecobus, Ecocruiser, Moika 2.0, Ecocruiser-M, and Baikal, and the Ecostation bus stops. The project includes the construction of 74 units: 46 passenger vessels and 28 bus stops.

Both bond issues comply with the International Capital Markets Association (ICMA) Green Bond Principles (GBP) and Russian green project standards, allowing banks to apply reduced risk weights to these bonds. The bonds offer both fixed and floating coupons, catering to a variety of investor interests.

Natalia Loginova, Director of the Issuer Relations Department at Moscow Exchange:

"We are seeing growing interest from issuers and investors in sustainable development instruments, including green bonds. Since the beginning of the year, eight bond issues from five issuers have been placed in the Moscow Exchange Sustainability Sector. The total volume of securities in the sector is 517 billion rubles. We are actively working to increase the number of green issuers. Since 2024, such bonds have been specially labeled, and we have a series of ESG indices that include securities of issuers that meet sustainability standards. Furthermore, the exchange is conducting educational work – this year, the third edition of the ESG guide was published, and the Moscow Exchange Issuer Academy offers an investor track, "Back to School: How to Read Non-Financial Reports," and an educational course for issuers, "How to Meet Best Sustainability Practices."

Ekaterina Pylnova, Executive Director for Banking and Financial Markets at AFK Sistema:

"The debut placement of green bonds is a viable form of fundraising, capable of providing additional impetus to the development of environmental projects in the domestic market. Thanks to this, Emperium, a company within the Corporation, will continue to build its electric passenger fleet, which will be expanded by dozens of new vessels, and the associated infrastructure will be created. The successful placement demonstrates Sistema's attractiveness as an issuer in the sustainable finance market."

As an issuer, Moscow Exchange adheres to best practices in non-financial reporting disclosure. In 2024, it released its fifth sustainability report, as well as its first climate report. The company has an environmental policy that defines the exchange's core principles, objectives, and priorities in environmental protection and nature management. Moscow Exchange's ESG index portfolio includes six indicators.

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

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Alexander Novak summarized the preliminary results of the federal project "Labor Productivity" in 2025.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister Alexander Novak assessed the results of the first year of the "Labor Productivity" federal project. It is part of the "Efficient and Competitive Economy" national project and aims to improve the efficiency of both business and the social sector.

"Over a thousand companies have joined the federal productivity project in 2025. More than 21,000 employees have been trained in productivity-enhancing tools. The implementation of lean manufacturing principles helps businesses restructure logistics, optimize equipment utilization, and reduce downtime. Experts from the federal competence center and the network of regional centers provide support. This year, they expanded to the DPR and Kurgan Oblast, covering 62 regions. By 2030, RCCs will be established in four more regions of the country," noted Alexander Novak.

At the President's direction, the federal project is intended to cover 40% of medium and large enterprises in key non-resource sectors of the economy and all state and municipal social sector organizations. To this end, 15 out-of-the-box solutions and over 100 best practices for increasing labor productivity have been developed for cultural and leisure organizations, sports organizations, public libraries, social services organizations, and general and higher education institutions. Projects to improve labor productivity have already been completed in 3,600 social sector institutions.

To systematically improve labor productivity, industry competence centers and specialized programs are being established within ministries.

"Eight such OCCs have been established in the real sector of the economy, and six in the social sector. Sixteen sectoral programs have been developed. These programs are designed to identify productivity priorities, generate demand for lean manufacturing tools, develop proposals for removing administrative barriers, and adjust support measures to stimulate productivity growth. They are currently being finalized to create version 2.0," said Economic Development Minister Maxim Reshetnikov.

The federal project "Labor Productivity" is a continuation of the national project of the same name, which ran from 2018 to 2024. During this time, more than 6,000 enterprises received support from the federal competence center and the network of regional centers and increased their profits by 484 billion rubles. To participate in the project, enterprises in non-resource industries simply submit an application on the "Productivity.rf" platform.

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Financial news: On the registration of an additional issue of exchange bonds.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Listing Rules of Moscow Exchange PJSC, in connection with the receipt of the application, the Chairman of the Management Board made the following decisions on December 16, 2025:

1.

Register an additional issue of exchange bonds; assign a registration number to the additional issue in relation to the following securities:

Name of the Issuer Joint Stock Company "First Freight Company"
Name of the security Exchange-traded interest-bearing non-convertible uncertificated bonds series 003P-02 (additional issue No. 1)
Registration number of the additional issue 4B02-02-55521-E-003P dated 12/16/2025

2.

Register an additional issue of exchange bonds; assign a registration number to the additional issue in relation to the following securities:

Name of the Issuer Joint Stock Company "First Freight Company"
Name of the security Exchange-traded interest-bearing non-convertible uncertificated bonds series 003P-03 (additional issue No. 1)
Registration number of the additional issue 4B02-03-55521-E-003P dated 12/16/2025

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Financial news: 12/16/2025, 6:25 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the SU26231RMFS9 security (OFZ 26231) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 16, 2025

18:25

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 16.12.2025, 18-25 (Moscow time), the values of the upper limit of the price corridor (up to 15.6) and the range of market risk assessment (up to 181.14 rubles, equivalent to a rate of 50.0%) of the security SU26231RMFS9 (OFZ 26231) were changed.

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Financial news: On December 17, 2025, the Federal Treasury will hold a deposit auction of 22,025,437.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters;

Application selection date is 12/17/2025. Unique application selection identifier is 22,025,437. Deposit currency is rubles. Type of funds is the Unified Treasury Account. The maximum amount of funds placed on bank deposits, in monetary units is 648,000,000,000. Placement period, in days is 2. Date of depositing funds is 12/17/2025. Date of return of funds is 12/19/2025. Interest rate for placing funds (fixed or floating) is FIXED. Minimum fixed interest rate for placing funds, % per annum is 15.76. Basic floating interest rate for placing funds is the Minimum spread, % per annum. Terms and conditions of concluding a bank deposit agreement (term, replenishable or special) is Term. The minimum amount of funds placed for one application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution, pcs. 2. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time). Venue for application selection: Moscow Exchange. Applications will be accepted from 10:00 to 10:10. Applications in preliminary mode from 10:00 to 10:05. Applications in competition mode from 10:05 to 10:10. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 10:30 to 11:00. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:30 to 11:10. Sending an offer to credit institutions to conclude a bank deposit agreement from 11:10 to 11:30. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 11:10 to 11:30. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

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Financial news: On holding auctions on December 17, 2025, to place OFZ issues No. 26251RMFS and No. 26253RMFS.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

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

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26251RMFS from August 19, 2025
Date of the auction December 17, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26251RMFS7
ISIN code RU000A10CKT3
Settlement code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26253RMFS from October 17, 2025
Date of the auction December 17, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26253RMFS3
ISIN code RU000A10D517
Settlement code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 12:00–12:30; bid execution period: 13:00–18:00.

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.