Category: Economics

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Mikhail Mishustin appointed Pavel Stepanov as acting plenipotentiary representative of the Government to the Constitutional and Supreme Courts of the Russian Federation.

Translation. Region: Russian Federation –

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

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Order No. 4135-r of December 29, 2025

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Order No. 4135-r of December 29, 2025

Prime Minister Mikhail Mishustin has appointed Pavel Stepanov as acting Plenipotentiary Representative of the Government to the Constitutional and Supreme Courts of the Russian Federation. He will hold this position concurrently with his current position as Director of the Government's Department for Legislative Support and Regulatory Affairs.

Pavel Stepanov was born in Moscow. He graduated from Lomonosov Moscow State University and holds a PhD in law.

He began his career in consulting firms. In 1999, he headed the Legal Department of the Russian Ministry of Press, Television, Radio Broadcasting, and Mass Communications. In 2004, he joined the State Legal Department of the President of the Russian Federation as an assistant.

In 2010, Pavel Stepanov was appointed First Deputy General Director for Corporate Management of the Federal State Unitary Enterprise RTRS, and in 2014, he headed the Central Partnership company.

In 2018, he became an advisor and later Deputy Minister of Culture of the Russian Federation. Two years later, he was appointed Director of the Government's Department for Legislative Support, which was later transformed into the Government's Department for Legislative Support and Regulatory Affairs.

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: Clarifications: Reporting Form 0409264 "Information on Electronic Payment Instruments and Transactions Using Them"

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Updated: December 21, 2023

The clarification regarding a unique (non-repeating) record concerns the data aggregation (grouping) rule. Subsection 1.1 does not require the presentation of information about each individual electronic payment instrument, unless it is the only electronic payment instrument with a set of codes in columns 2B8 that differs from all other sets of codes entered for other electronic payment instruments.

Data aggregation is performed based on the sets of codes specified in columns 2-8 for each individual EPI. This requirement means that electronic payment instruments with identical characteristics, i.e., for which the code values in columns 2-8 are identical, are "collapsed" into a single report row, while the quantitative values entered for columns 9, 10, or 11 are summed.

The form of technical implementation of the specified procedures in the software is at the discretion of the reporting credit institution.

EXAMPLE:

The reporting company issued a total of 8 electronic payment instruments:

Two Mir credit cards were issued to individuals located in the Ryazan region. The payment cards were issued to clients. Both cards were valid as of the reporting date and opened during the reporting quarter. The first card was used for transactions during the reporting quarter, while the second card was not used for any transactions (Clients 1 and 2). One Mir debit card was issued to a trading company located in the Belgorod region. The card was issued to a company representative. During the reporting quarter, the company representative made purchases using this card. As of the reporting date, the company closed the card. (Client 3) Five Internet Wallets. Three of the wallets are non-personalized ESPs, without identification, and two are personalized ESPs, with full identification. The holders of the personalized ESPs are located in the Pskov region. All wallets are active as of the reporting date, with two clients opening them during the reporting quarter. All ESPs were used for payments at retail and service establishments during the reporting quarter (clients 4-8).

For the specified ESPs, the following codes are filled in columns 2-8 and values in columns 9-11 during the report preparation process:

  Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11
Client 1 3 61000 2   1 8002 MIR (NSPK) 1 1 1
Client 2 3 61000 2   1 8002 MIR (NSPK) 1   1
Client 3 1 14000 1   1 8002 MIR (NSPK)   1  
Client 4 3   4 3 8418 Internet wallet 1 1  
Client 5 3   4 3 8418 Internet wallet 1 1  
Client 6 3   4 3 8418 Internet wallet 1 1  
Client 7 3 58000 4 1 8418 Internet wallet 1 1  
Client 8 3 58000 4 1 8418 Internet wallet 1 1  

Based on the data presented, the set of codes in columns 2-8 is the same for the following groups of ESP clients:

for ESP clients 1 and 2 for ESP clients 4, 5, 6 for ESP clients 7 and 8

Based on the results of data aggregation (grouping), the following information should be presented in the report:

Line number Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11
1 3 61000 2   1 8002 MIR (NSPK) 2 1 2
2 1 14000 1   1 8002 MIR (NSPK)   1  
3 3   4 3 8418 Internet wallet 3 3  
4 3 58000 4 1 8418 Internet wallet 2 2  

A similar aggregation principle applies to Subsection 1.2, Section 2, Subsection 3.1 and Section 4 of the report.

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 Rules for Investors to Purchase Digital Financial Assets

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Happy New Year the gradation changes digital financial assets (DFAs) that are available to qualified and non-qualified investors.

Non-qualified investors will be able to freely acquire the most popular digital financial assets, whose payouts are not dependent on any variable indicators, but only if they demonstrate high credit quality. These digital financial assets also include debt assets.

This category of investors will also have access to digital financial assets (DFAs) with returns up to 600,000 rubles, which vary based on the dynamics of clear indicators such as inflation, the key rate, and the price of precious metals or stocks. These instruments must also have a high credit rating. Some of them must also offer capital protection, meaning they offer a return on the initial investment.

At the same time, the procedure for calculating the annual limit is changing: if the digital rights are redeemed or sold within a year, the owner has the right to purchase additional digital financial assets with the proceeds.

Acceptable rating levels for digital financial assets or their issuers will be established by a decision of the Board of Directors of the Bank of Russia.

Digital financial assets with increased risks are permitted for purchase by retail investors only with “qualified” status.

Legal entities will be able to acquire digital rights with virtually no restrictions. An exception will be digital financial assets linked to securities, which are intended only for "quals."

Preview photo: Who is Danny / Shutterstock / Fotodom

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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Dmitry Patrushev: The government allocated approximately 8 billion rubles for the development of Russia's water management system in 2025.

Translation. Region: Russian Federation –

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

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Reconstruction of a dam near the village of Chebal-Su in the Mezhdurechensk urban district of Kuzbass

December 29, 2025

Reconstruction of a dam near the village of Chebal-Su in the Mezhdurechensk urban district of Kuzbass

December 29, 2025

Reconstruction of a dam near the village of Chebal-Su in the Mezhdurechensk urban district of Kuzbass

December 29, 2025

Construction of flood protection engineering in the village of Vladimirovka, Blagoveshchensky District, Amur Region

December 29, 2025

Construction of flood protection engineering in the village of Vladimirovka, Blagoveshchensky District, Amur Region

December 29, 2025

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Reconstruction of a dam near the village of Chebal-Su in the Mezhdurechensk urban district of Kuzbass

The government continues to implement measures to develop the water management system and ensure its sustainable operation. Deputy Prime Minister Dmitry Patrushev reported on these measures this year.

"In 2025, lake and reservoir environmental rehabilitation activities covered 3,600 hectares. Furthermore, reconstruction of the Yelizavetinskoye Reservoir hydroelectric complex in the Luhansk People's Republic and construction of the Krasnogorsk hydroelectric complex on the Irtysh River in the Omsk Region continued. Twelve engineering infrastructure facilities, totaling over 54 km, were also commissioned. Their construction is aimed at protecting communities home to 63,000 people from flooding. The Russian government has allocated a total of approximately 8 billion rubles for water management development this year," said Dmitry Patrushev.

The Deputy Prime Minister added that approximately 1.3 billion rubles were allocated from the Government's reserve fund for dam construction. This allowed for additional projects to be implemented in the Chechen Republic and Kemerovo Oblast in 2025, while significant work has been completed in Amur Oblast, which will enable the facility to be commissioned in 2026.

At the same time, as part of the "Water of Russia" federal project and the "Environmental Well-Being" national project, the first selections for projects to build new wastewater treatment facilities have been completed. Implementation will begin in 2026. The selected regions include the Chelyabinsk, Kurgan, and Irkutsk regions, as well as the Perm Krai.

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: 12/29/2025, 5:05 PM (Moscow time) the lower boundary of the price corridor and the market risk assessment range for the PLD/RUB currency pair were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Methodology for Determining Risk Parameters of the Foreign Exchange Market and Precious Metals Market of Moscow Exchange PJSC by the National Clearing Center (JSC) on December 29, 2025, at 5:17 PM (Moscow time), the lower limit of the price corridor (up to RUB 3,902.75 in the TOD settlement mode) and the market risk assessment range (up to RUB 3,535.5786, equivalent to a rate of 21.96%) for the PLD/RUB currency pair were changed. New values are available. Here.

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: 12/29/2025, 5:00 PM – 5:00 PM (Moscow time) the lower boundary of the price corridor and the market risk assessment range for the PLT/RUB currency pair were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Methodology for determining the risk parameters of the foreign exchange market and the precious metals market of Moscow Exchange PJSC by the National Clearing Center (JSC) on December 29, 2025, 17-28 (Moscow time), the values of the lower limit of the price corridor (up to RUB 5,207.42 in the TOD settlement mode) and the market risk assessment range (up to RUB 4,839.5942, equivalent to a rate of 17.08%) for the PLT/RUB currency pair were changed. New values are available. Here.

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: Validation Schemas for the DRAFT7 JSON Service File for the Bank of Russia XBRL Taxonomy Version 7.1

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

To optimize the collection and processing of granular (detailed) data, the Bank of Russia is offering the option to use the new XBRL-CSV specification for preparing and submitting reporting data to the Bank of Russia. This specification enables the collection of detailed data within the collection model structure provided by the XBRL taxonomy, significantly reducing the file size of the transmitted data.

If the size of the zip archive containing the XBRL report exceeds 2000 MB, the report can be generated in XBRL-CSV format and submitted to the Bank of Russia at the following entry points:

For the Bank of Russia XBRL taxonomy version 7.1:

for NPF: ep_nso_npf_y_90d_reestr_0420257; for PURCB: ep_nso_purcb_m_q_y_10rd_reestr_0420417.

For the Bank of Russia XBRL taxonomy version 6.1:

for NPF: ep_nso_npf_y_90d_reestr_0420257; for PURC: ep_nso_purcb_m_q_y_10rd_reestr_0420417; for BKI: ep_nso_bki_q_y_15rd_reestr_0420755.

Submission of reports in XBRL-CSV format is possible starting from the reporting date of April 30, 2021.

If you have any questions about reporting in XBRL-CSV format, please send them to svch_sbrlnelp@kbr.ru, indicating “Report structure in XBRL-CSV format” in the subject line.

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: Example of XBRL-CSV reporting packages for the Bank of Russia XBRL taxonomy version 7.1

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

To optimize the collection and processing of granular (detailed) data, the Bank of Russia offers the option to use the new XBRL-CSV specification for preparing and submitting reporting data to the Bank of Russia. This specification enables the collection of detailed data within the collection model structure provided by the XBRL taxonomy, significantly reducing the file size of the transmitted data.

If the size of the zip archive containing the XBRL report exceeds 2000 MB, the report can be generated in XBRL-CSV format and submitted to the Bank of Russia at the following entry points:

For the Bank of Russia XBRL taxonomy version 7.1:

for NPF: ep_nso_npf_y_90d_reestr_0420257; for PURCB: ep_nso_purcb_m_q_y_10rd_reestr_0420417.

For the Bank of Russia XBRL taxonomy version 6.1:

for NPF: ep_nso_npf_y_90d_reestr_0420257; for PURC: ep_nso_purcb_m_q_y_10rd_reestr_0420417; for BKI: ep_nso_bki_q_y_15rd_reestr_0420755.

Submission of reports in XBRL-CSV format is possible starting from the reporting date of April 30, 2021.

If you have any questions about reporting in XBRL-CSV format, please send them to svch_sbrlnelp@kbr.ru, indicating “Report structure in XBRL-CSV format” in the subject line.

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: 12/29/2025, 6:00 PM – 8:00 PM (Moscow time) the lower boundary of the price corridor and the market risk assessment range for the PLT/RUB currency pair were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Methodology for determining the risk parameters of the foreign exchange market and the precious metals market of Moscow Exchange PJSC by the National Clearing Center (JSC) on December 29, 2025, 18-20 (Moscow time), the values of the lower limit of the price corridor (up to RUB 5,027.66 in the TOD settlement mode) and the range of market risk assessment (up to RUB 4,659.8312, equivalent to a rate of 20.16%) for the PLT/RUB currency pair were changed. New values are available. Here.

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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Vitaly Savelyev met with Alexander Karamyshev, a participant in the presidential program "Time of Heroes."

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.

Vitaly Savelyev met with Alexander Karamyshev, a participant in the presidential program "Time of Heroes."

December 29, 2025

Vitaly Savelyev met with Alexander Karamyshev, a participant in the presidential program "Time of Heroes."

December 29, 2025

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Vitaly Savelyev met with Alexander Karamyshev, a participant in the presidential program "Time of Heroes."

Lieutenant Colonel Alexander Karamyshev is a Hero of Russia and a recipient of the Order of Courage. He is currently an intern in the second cohort of the presidential "Time of Heroes" program and is working on several projects at Aeroflot PJSC.

One of them is collaboration with partners, foundations, and public organizations on the topic of the SVO. As part of the project, Alexander proposed a systemic solution for providing charitable assistance to SVO participants and veterans, as well as their families.

The meeting concluded the first stage of the program. The participants discussed preliminary results and the internship's future plans.

The "Time of Heroes" program is implemented by the Graduate School of Public Administration of the Presidential Academy. During the first cohort, Deputy Prime Minister Vitaly Savelyev mentored Hero of Russia Alexander Sheptukhin, who currently serves as an advisor to the head of the Federal Air Transport Agency.

The goal of the program is to train leaders from among the participants of the special military operation for subsequent work in state and municipal government bodies, as well as state-owned companies.

The selection criteria for the training program were: demonstrated heroism within the framework of the SVO, management experience and achievements in the military or civilian sphere, as well as the results of assessment activities to determine management potential.

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.