Financial News: Recommendations for financial market participants on the conceptual design of the "Metadata Management" process

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

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.

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Financial News: Recommendations for financial market participants on the conceptual design of the “Reference and Master Data” process

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

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.

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The CSR discussed how platform employment regulation will develop

Translation. Region: Russian Federal

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

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The Center for Strategic Research held a round table entitled "Platform Employment in the New Conditions: What Changes After the Law on the Platform Economy." Together with representatives of the Ministry of Economic Development, the State Duma, the expert and academic community, as well as leading digital platforms, they discussed the adopted law on the platform economy and future regulatory detailing at the level of by-laws.

According to the participants, the adopted law was an important step in the formation of a basic regulatory framework, but it is now that the most subtle and meaningful part of the work begins – filling this framework with tools, concepts and mechanisms.

The moderator of the round table, CEO of the CSR Pavel Smelov noted: "Russia is one of the few countries where digital platforms have become a truly systemic part of the economy. We have not just implemented technologies, we have created our own model – and this is a serious competitive advantage. Now our task is not to lose our leadership, to take the next step – to turn the platform economy into a full-fledged export model. It is no longer just about technologies, but about a new logic of the economic structure that can be transmitted beyond the country's borders."

Also, in his opinion, the key direction of the next stage is the issue of platform employment: "We are already living in a new reality: there is a platform, there is a platform economy, and we still continue to hold on to the old model of social security, as if nothing has changed. The social security system needs to be revised taking into account how the employment market is actually structured today. People are developing other principles of financial stability: investments, a safety net, additional income. Therefore, it is important not only to protect, but also to educate – to help people navigate modern work formats and make informed decisions. Especially when it comes to those for whom the platform is not their main, but additional employment."

The Ministry of Economic Development emphasized that the implementation of the law will require a flexible and consistent approach, especially in terms of employment. The main focus in the coming months is work on by-laws, the launch of a digital platform registry mechanism, and the preparation of clarifications.

“Russia has made great strides in developing the platform economy: we already have our own effectively functioning models that are of interest abroad. But it is important not to stop there. Platforms are developing rapidly, and regulation should not slow down, but rather accompany this process, be flexible and targeted. We see that citizens make decisions based not only on the logic of the future, but also on current circumstances — and pensions and social guarantees are not always perceived as real values. Therefore, the platform can become a channel through which we will rethink social policy — at the level of product, convenience, and trust. We have examples when digital, platform services became a necessary tool for performers to legalize and comply with legal requirements, including the calculation and payment of taxes. Platform tools have proven their convenience and demand. In turn, this approach provides additional opportunities to ensure control by the state. Our task today is not to go to extremes, but to maintain an open dialogue, flexibility, and thoughtfulness. This is precisely the strength of the platform economy,” said Vladimir Voloshin, Director of the Department of Digital Development and Data Economy at the Ministry of Economic Development.

State Duma Deputy Stanislav Naumov reported that an expert council will be created under the Committee on Economic Policy, which will undertake in-depth study of unresolved issues.

"In September, we are ready to move on. For me personally, there are three priorities today. The first is export orientation: platforms should help Russian businesses enter foreign markets, and not just regulate access of foreign players to ours. The second is the development of internal B2B interaction, where online platforms can become a full-fledged infrastructure for cooperation between suppliers. And the third is the use of platforms to improve the efficiency of state and municipal procurement," he said.

As for platform employment, according to the deputy, this is not just a regulatory issue – it is a question of filling the social fund and, as a result, a real opportunity to increase the minimum level of pensions in those regions where it is objectively insufficient today. "This is how I understand the social task of regulation," he concluded.

Business supported the general vector, but drew attention to the need for a differentiated approach. Industry representatives emphasized that uniform standards for platforms with fundamentally different models — from marketplaces to service aggregators — could result in risks for flexibility and employment.

"The platform economy has already changed the market, and the self-employed regime has proven that people are ready to come out of the shadows if they are offered transparent and convenient conditions. Let's not abolish what works, but rebuild the old – so that the economy, employment and the contribution system develop synchronously," said Anton Danilov-Danilyan, Deputy Chairman of Delovaya Rossiya, head of the working group of transport service aggregators at the Russian Union of Industrialists and Entrepreneurs. According to Yuri Bogdanov, General Director of the Association of Digital Platforms, "it is digitalization, platform development and the tax regime on professional income that give the state a chance to oust gray practices through transparency."

"Platform employment is being formed to a greater extent in industries with high demand for flexible types of employment, allowing for the expansion of participation of various groups of the population in the economy. Therefore, it is important not just to offer them standard social benefits, but to understand what they really need and what they are ready to use," noted Rimma Chichakyan, Director of Legal Affairs and Government Relations at Yandex Taxi.

Ozon representative Alexander Vasiliev supported this position. "We are no longer living in an industrial economy, but in a post-industrial economy, and regulation should take this into account. At the same time, it is important to maintain a choice between different employment formats and not limit new models," he noted.

The participants of the discussion agreed that the development of the platform economy does not require strict regulation, but rather fine-tuning and careful attention to specifics. Among the priority areas, the participants highlighted the need to clarify the criteria for the integrity of platforms, the formation of mechanisms for distinguishing employment from shadow schemes, as well as work on the status of the performer and protection tools. Particular attention was paid to the creation of a sustainable format for dialogue between the state, business and experts – both on the parliamentary platform and within the framework of the implementation of the law in practice.

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.

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The Ministry of Economic Development supported the Kaliningrad Region's application for the construction of the Belaya Dune resort

Translation. Region: Russian Federal

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

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On July 28–29, Deputy Minister of Economic Development of Russia Svyatoslav Sorokin visited the Kaliningrad Region on a working visit. One of the key topics was the development of infrastructure on the Baltic Sea coast. The Ministry of Economic Development gave a positive opinion on the region’s application to build the Belaya Dune resort — the project can receive preferential financing through the mechanism of treasury infrastructure loans.

The resort "White Dune" near the village of Yantarny has been applied for funding under the national project "Tourism and Hospitality". The application involves the construction of engineering infrastructure – access roads, electricity and gas supply systems.

"The region is counting on treasury loans at 3% per annum for a period of 15 years. We have given a positive opinion on the application. The final decision will be made by the presidium of the government commission on regional development," said Svyatoslav Sorokin.

The main topic of the trip was monitoring the implementation of the state program "Socio-economic development of the Kaliningrad region". Over 10 years, 400 billion rubles were allocated from the federal budget within the framework of the program. These funds made it possible to build more than 200 objects – from roads and hospitals to coastal protection.

The Deputy Minister inspected the facilities in Svetlogorsk: work is underway to build an embankment and anti-landslide structures.

"The program remains a strategic instrument for the development of the region. It is important that the authorities of the Kaliningrad Region respond flexibly to changes related to the challenges of the time, including the consequences of sanctions pressure on business. We also discussed options for solving these problems with colleagues. A comprehensive approach is needed: maximum use of various types of support from the federal budget and prompt development of regional programs where necessary. The Kaliningrad Region is already taking serious steps in this direction," noted Svyatoslav Sorokin.

Currently, the region has a Special Economic Zone with more than 300 residents. Companies have already invested over 300 billion rubles, creating jobs and tax returns.

"SEZ residents produce about 40% of all goods and services in the region and provide half of the tax revenues. They are key employers and investors," the deputy minister emphasized.

During the visit, Svyatoslav Sorokin visited two key enterprises in the region. The Sodruzhestvo Group of Companies is a leading producer of plant protein for the feed industry, providing up to 15% of the needs of the entire feed industry in Russia. The company is one of the five largest taxpayers in the region.

The Avtotor Group of Companies is one of the largest employers in the region, and together with related industries, it provides employment for over 30,000 people. The company is currently implementing a project to launch the production of compact electric vehicles on its own technological 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.

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Alexander Novak made a working visit to the Kingdom of Saudi Arabia

Translation. Region: Russian Federal

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

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Meeting of Alexander Novak with the co-chairman of the Joint Russian-Saudi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman Al Saud

Deputy Prime Minister of the Russian Federation Alexander Novak made a working visit to the Kingdom of Saudi Arabia. He met with the co-chairman of the Joint Russian-Saudi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman Al Saud.

The participants discussed cooperation within the Joint Russian-Saudi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation and the results of the implementation of the instructions of the co-chairs of the commission following the last meeting. The parties noted with satisfaction the recent opening of direct flights between the two countries, the signing of several memorandums of understanding in various areas, such as industry, education, media, as well as in terms of organizing the Hajj.

During the talks, the parties discussed prospects for increasing trade turnover and expanding cooperation in key economic sectors of mutual interest. The parties also discussed preparations for the ninth meeting of the intergovernmental commission, which will be held in Riyadh on November 6 this year.

Another topic of negotiations was the situation on the oil market and the prospects for cooperation between the two countries within OPEC.

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.

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Leonid Yakubovich, People's Artist of Russia

Translation. Region: Russian Federal

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

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Mikhail Mishustin congratulated the actor, screenwriter, and TV presenter on his 80th birthday.

The telegram, in particular, notes:

"You are rightfully considered a legend of Russian television. Talent and creative energy, subtle irony allowed you to become one of the brightest TV presenters. For many years you have been on the air of the capital show "Field of Miracles". Thanks to you, the program continues to enjoy great popularity.

I wish you creative success, interesting projects, health and all the best."

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.

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Materials for the Government meeting on July 31, 2025

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 following issues are planned to be considered at the meeting:

1. On Amendments to the Resolution of the Government of the Russian Federation of June 12, 2008 No. 450

The draft resolution was developed in order to consolidate the powers of the Ministry of Agriculture of the Russian Federation, established by Federal Law No. 52-FZ of April 1, 2025 “On Amendments to Certain Legislative Acts of the Russian Federation”.

2. On the draft federal law “On Amendments to Article 61-1 of the Federal Law “On Consumer Credit (Loan)”

The bill is aimed at supporting citizens in the event of the birth or adoption of a second child or subsequent children.

3. On the draft federal law “On Amending Article 3462 of Part Two of the Tax Code of the Russian Federation”

The bill is aimed at preserving the status of agricultural producers for organizations and individual entrepreneurs operating in the constituent entities of the Russian Federation, in whose territory the legal regime of the counter-terrorism operation has been introduced and (or) was in effect.

4. On the allocation of budgetary allocations to Rosleskhoz in 2025 from the reserve fund of the Government of the Russian Federation for the provision of subventions from the federal budget to the budgets of the constituent entities of the Russian Federation

The draft order is aimed at providing financial support for the costs of the constituent entities of the Russian Federation for extinguishing forest fires in emergency situations in forests of various types.

5. On the draft federal constitutional law "On Amendments to Certain Federal Constitutional Laws"

The draft law proposes to establish that in the territories of the Donetsk People's Republic, the Lugansk People's Republic, the Zaporizhia and Kherson regions, documents on the verification of measuring instruments issued by state and other official bodies of Ukraine, state and other official bodies of new entities, are valid until the end of their validity period. The draft law is expected to enter into force on January 1, 2026.

6. On the draft amendments of the Government of the Russian Federation to the draft federal law No. 840725-8 "On Amendments to Articles 2463 and 427 of Part Two of the Tax Code of the Russian Federation"

The draft amendments are aimed at increasing the investment attractiveness of the preferential regime created in the Kuril Islands.

7. On the draft amendments of the Government of the Russian Federation to the draft federal law No. 819547-8 “On Amendments to the Federal Law “On Protection of Competition” and Certain Legislative Acts of the Russian Federation”

The draft amendments are aimed at clarifying the provisions of the bill, which provides for the transfer of mandatory auctions by law to electronic form according to uniform unified rules.

8. On amendments to certain acts of the Government of the Russian Federation (in terms of amendments to the Regulation on the Ministry of Transport of the Russian Federation and the regulations on federal executive bodies subordinate to it)

The draft act is aimed at implementing the powers to establish a public easement by Rosmorrechflot, Rosavtodor, Rosaviatsia and the Ministry of Transport of Russia in cases stipulated by Federal Law No. 254-FZ of July 31, 2020 "On the specifics of regulating certain relations for the purpose of implementing priority projects for the modernization and expansion of infrastructure and on amendments to certain legislative acts of the Russian Federation."

Moscow, July 30, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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.

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Government meeting (2025, No. 25)

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.

1. On Amendments to the Resolution of the Government of the Russian Federation of June 12, 2008 No. 450

The draft resolution was developed in order to consolidate the powers of the Ministry of Agriculture of the Russian Federation, established by Federal Law No. 52-FZ of April 1, 2025 “On Amendments to Certain Legislative Acts of the Russian Federation”.

2. On the draft federal law “On Amendments to Article 61-1 of the Federal Law “On Consumer Credit (Loan)”

The bill is aimed at supporting citizens in the event of the birth or adoption of a second child or subsequent children.

3. On the draft federal law “On Amending Article 3462 of Part Two of the Tax Code of the Russian Federation”

The bill is aimed at preserving the status of agricultural producers for organizations and individual entrepreneurs operating in the constituent entities of the Russian Federation, in whose territory the legal regime of the counter-terrorism operation has been introduced and (or) was in effect.

4. On the allocation of budgetary allocations to Rosleskhoz in 2025 from the reserve fund of the Government of the Russian Federation for the provision of subventions from the federal budget to the budgets of the constituent entities of the Russian Federation

The draft order is aimed at providing financial support for the costs of the constituent entities of the Russian Federation for extinguishing forest fires in emergency situations in forests of various types.

5. On the draft federal constitutional law "On Amendments to Certain Federal Constitutional Laws"

The draft law proposes to establish that in the territories of the Donetsk People's Republic, the Lugansk People's Republic, the Zaporizhia and Kherson regions, documents on the verification of measuring instruments issued by state and other official bodies of Ukraine, state and other official bodies of new entities, are valid until the end of their validity period. The draft law is expected to enter into force on January 1, 2026.

6. On the draft amendments of the Government of the Russian Federation to the draft federal law No. 840725-8 "On Amendments to Articles 2463 and 427 of Part Two of the Tax Code of the Russian Federation"

The draft amendments are aimed at increasing the investment attractiveness of the preferential regime created in the Kuril Islands.

7. On the draft amendments of the Government of the Russian Federation to the draft federal law No. 819547-8 “On Amendments to the Federal Law “On Protection of Competition” and Certain Legislative Acts of the Russian Federation”

The draft amendments are aimed at clarifying the provisions of the bill, which provides for the transfer of mandatory auctions by law to electronic form according to uniform unified rules.

8. On amendments to certain acts of the Government of the Russian Federation (in terms of amendments to the Regulation on the Ministry of Transport of the Russian Federation and the regulations on federal executive bodies subordinate to it)

The draft act is aimed at implementing the powers to establish a public easement by Rosmorrechflot, Rosavtodor, Rosaviatsia and the Ministry of Transport of Russia in cases stipulated by Federal Law No. 254-FZ of July 31, 2020 "On the specifics of regulating certain relations for the purpose of implementing priority projects for the modernization and expansion of infrastructure and on amendments to certain legislative acts of the Russian Federation."

Moscow, July 30, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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.

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Vitaly Savelyev held a meeting of the Presidium of the Government Commission on the development of unmanned aircraft systems

Translation. Region: Russian Federal

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

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A meeting of the Presidium of the Government Commission on the Development of Unmanned Aircraft Systems (UAS) was held in Moscow under the chairmanship of Deputy Prime Minister Vitaly Savelyev. The event was attended by Transport Minister Andrei Nikitin, Minister of Industry and Trade Anton Alikhanov, representatives of the Ministry of Education and Science, constituent entities of the Russian Federation, as well as manufacturers of unmanned aircraft systems.

The Deputy Prime Minister presented the results of the commission's work in terms of developing a regulatory framework for the further development of the use of unmanned aircraft systems. In order to simplify the use of UAS for monitoring extended objects, forest protection activities and agriculture:

— the period for obtaining a flight permit has been reduced from 3–5 days to 24 hours;

— administrative barriers to access to the operation of individual UAS units upon receipt of an airworthiness certificate based on an assessment report have been eliminated;

— rules for performing UAS flights have been established that were previously absent. In particular, a separate procedure for preparing and performing UAS flights has been established for various operating conditions: visual flights, flights beyond the horizon, flights outside populated areas, flights over populated areas.

In order to develop the use of UAS in agriculture:

— the procedure for using UAS in agriculture during flights at an altitude of up to 30 m has been simplified;

— the possibility of using the declarative certification method for agrodrones weighing up to 495 kg is provided.

The Minister of Transport Andrey Nikitin reported on the development of a "road map" for the creation of a remote identification system for unmanned vehicles in the Russian Federation, which provides for the creation of a unified UAS identification system based on the ERA-GLONASS State Automated Information System. Since this year, UAS manufactured by the Transport of the Future company and equipped with an ERA-GLONASS transponder have been used within the framework of an experimental legal regime in the Samara Region.

The meeting participants also discussed the status of preparations for the upcoming international forum on the development of unmanned systems "Unmanned Systems: Technologies of the Future", during which the project and educational intensive course "Archipelago-2025" will be held. The work is being carried out by the Ministry of Industry and Trade together with the Ministry of Transport of Russia, the Moscow government, the NTI Platform, and the Agency for Strategic Initiatives. The business program will be held at the Skolkovo Innovation Center on August 14-17 and will bring together participants from more than 25 countries. The main issues to be discussed include UAS identification, regulation of air legislation, including industry legislation, and many other topics on the development of unmanned aviation. It is also planned to approve the methodology for rating the "droneification" of regions as part of the business program. The forum will start with the intensive course "Archipelago" on August 7. The participants, including representatives of the UAS industry, universities and government agencies, will develop a unified concept of the digital space for unmanned devices.

The forum will also feature a large-scale exhibition that will bring together about 750 exhibits from more than 200 developers.

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.

Alexey Overchuk held a working meeting with Deputy Prime Minister of the Republic of Belarus Natalya Petkevich

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.

A meeting between Deputy Prime Minister of the Russian Federation Alexey Overchuk and Deputy Prime Minister of the Republic of Belarus Natalya Petkevich took place in Moscow.

During the conversation, the parties discussed key issues of bilateral trade and economic cooperation, deepening integration in the Union State of Russia and Belarus, and priority areas of joint work within the Eurasian Economic Union.

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.