Category: Economics

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Financial news: On March 3, 2026, the Interregional Federal Treasury will hold deposit auction 22,026,054 in the field of liquidity management.

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 03/03/2026. Unique application selection identifier 22 026 054. Deposit currency rubles. Fund type – Unified Treasury Account. Maximum amount of funds placed on bank deposits, monetary units 200,000,000,000. Placement period, in days 21. Date of depositing funds 03/03/2026. Date of return of funds 03/24/2026. Interest rate for placement of funds (fixed or floating) FLOATING. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds RUONmDS. Minimum spread, % per annum 0. Terms of conclusion of the bank deposit agreement (term, replenished or special) Term.

The minimum amount of funds placed per application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution is 2. Terms of offsetting mutual obligations under bank deposit agreements, repurchase agreements, and securities loan agreements (with or without offsetting mutual obligations). Without offsetting mutual obligations. Application selection form (Open with random completion, Closed, Open with extension). Open with extension. Application selection schedule (Moscow time).

Place of the order selection: Moscow Exchange. Orders will be accepted from 10:00 to 10:40. Preliminary orders will be submitted from 10:00 to 10:05. Competition orders will be submitted from 10:35 to 10:40. Random trading end period (sec.): 0. Bid increment: 0.1. Time increment (sec.): 60. The extension period ends at 10:50:00.

Formation of a consolidated register of applications from 10:50 to 11:20. Establishing a cutoff interest rate and/or recognizing the selection of applications as unsuccessful from 10:50 to 11:30. Formation of a consolidated register of bank deposit agreements from 11:30 to 11:50. Information on settlements in accordance with the requirements of paragraphs 64 and 65 of the Order of the Federal Treasury dated September 18, 2025, No. 8n.

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.

Posted on

Financial news: On March 3, 2026, the Interregional Federal Treasury will hold deposit auction 22,026,053 in the field of liquidity management.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters:

The application selection date is March 3, 2026. Unique application selection identifier is 22,026,053. Deposit currency is rubles. Fund type is a Single Treasury Account. The maximum amount of funds placed in bank deposits is 300,000,000,000. Placement period, in days, is 14.

Date of depositing funds 03/03/2026. Date of return of funds 03/17/2026. Interest rate for placement of funds (fixed or floating) FLOATING. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds RUONmDS. Minimum spread, % per annum 0. Terms of concluding a bank deposit agreement (term, replenishable or special) Term. Minimum amount of funds placed for one application, monetary units 1,000,000,000. Maximum number of applications from one credit institution, pcs. 2. Terms of offsetting mutual obligations under bank deposit agreements, repo agreements and securities loan agreements (with offsetting mutual obligations or without offsetting). Without offsetting mutual obligations. Application selection form (Open with random completion, Closed, Open with extension). Open with extension. Order selection schedule (Moscow time). Order selection venue: Moscow Exchange.

Acceptance of applications from 10:00 to 10:20. Applications in preliminary mode from 10:00 to 10:05. Applications in competition mode from 10:15 to 10:20. Random end of trading period (sec.): 0 Bid step: 0.1 Time step (sec.): 60. End time of the extension period: 10:30:00. Formation of a consolidated register of applications from 10:50 to 11:20. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:50 to 11:30. Formation of a consolidated register of bank deposit agreements from 11:30 to 11:50. Information on settlements In accordance with the requirements of paragraphs 64 and 65 of the Order of the Federal Treasury dated September 18, 2025 No. 8n

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.

Posted on

Financial news: On March 3, 2026, the Interregional Federal Treasury will hold deposit auction 22,026,052 in the field of liquidity management.

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: 03/03/2026. Unique application selection identifier: 22,026,052. Deposit currency: rubles. Fund type: Single treasury account. Maximum amount of funds placed on bank deposits, monetary units: 278,000,000,000. Placement period, in days: 2. Funds deposit date: 03/03/2026. Funds return date: 05/03/2026. Interest rate for funds placement (fixed or floating): FIXED.

Minimum fixed interest rate for placing funds, % per annum 14.8. Base floating interest rate for placing funds – Minimum spread, % per annum – Terms and conditions of concluding a bank deposit agreement (term, replenishable or special) Term. Minimum amount of funds placed per application, monetary units 1,000,000,000. Maximum number of applications from one credit institution, pcs. 2. Conditions for offsetting mutual obligations under bank deposit agreements, repurchase agreements and securities loan agreements (with or without offsetting mutual obligations). Without offsetting mutual obligations Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time).

The Moscow Exchange PJSC will host the order selection. Orders will be accepted from 10:00 AM to 10:10 AM. Preliminary orders will be submitted from 10:00 AM to 10:05 AM. Competition orders will be submitted from 10:05 AM to 10:10 AM. Random closing period (sec.): 120 Bid increments:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 10:50 to 11:20. Establishing a cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:50 to 11:30. Formation of a consolidated register of bank deposit agreements from 11:30 to 11:50. Information on settlements In accordance with the requirements of paragraphs 64 and 65 of the Order of the Federal Treasury dated September 18, 2025, No. 8n

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: The Bank of Russia challenged the Council Regulation of the European Union of 12 December 2025 in the EU Court of Justice in Luxembourg (03.03.2026).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

On February 27, 2026, the Bank of Russia filed a challenge application with the General Court of the European Union (Luxembourg) Council Regulation (EC) No. 2025/2600 of 12 December 2025(hereinafter referred to as the EU Regulation). The application is submitted in accordance with Article 263 of the Treaty on the Functioning of the European Union. This continuation of workto challenge the European Union's illegal actions in relation to the sovereign assets of the Bank of Russia.

The contested EU Regulation established a permanent blocking (freezing) of the assets of the Bank of Russia, and also excluded the possibility of judicial protection of violated rights to assets, including by enforcing any court/arbitration decisions in connection with the measures adopted by this act.

The adoption of the EU Regulation has resulted in the violation of, among other things, the basic and inalienable rights of access to justice, the inviolability of property, the principle of sovereign immunity of states and their central banks, guaranteed by international treaties and European Union law, which is contrary to the fundamental principles of law and cannot be considered compatible with the principle of the rule of law.

Furthermore, the adoption of the contested EU Regulation was subject to significant procedural irregularities, in particular since it was adopted not by unanimity of EU members but by a majority vote, in contravention of the requirements of Article 215 of the Treaty on the Functioning of the European Union.

The Bank of Russia reserves all rights, claims, objections and remedies available to it in connection with the EU Regulation and any other measures taken by the European Union and/or its Member States in relation to the Bank of Russia or its assets.

When using the material, a link to the Press Service of the Bank of Russia is required.

March 3, 2026

08:00:00

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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Fewer clients – Russians' debt to microfinance organizations has decreased amid industry transformation

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Image: mainfin.ru

What changes have the greatest impact on the work of microfinance organizations?

Concerned about the high debt burden of the population, the Bank of Russia has been implementing reforms in the microfinance sector for several years. The most significant changes affect microfinance organizations in 2025 and 2026:

In 2025, restrictions on issuing loans to microfinance organizations will be tightened loans Clients with high debt burdens; a "cooling-off period" has been introduced for loan and credit applications—this change affects both banks and microfinance organizations (MFOs); starting in 2026, the approach to assessing borrowers' solvency has changed—MFOs can no longer rely on credit history; clients must request proof of income; starting March 1, remote loan issuance is only possible using biometrics—this measure is intended to help combat fraud; starting in April of this year, the maximum overpayment on a microloan will be 100% of the debt amount (currently, the limit is 130%); in October, the rule of issuing one loan per client is planned to begin—lending will initially be limited to clients with two active contracts.

Overall, the industry is seeing a trend toward stricter regulation. However, microfinance companies are attempting to circumvent legal provisions. For example, marketplaces have been caught substituting concepts: instead of a loan agreement with a client, they issue an agency agreement. Such a transaction is possible even if a self-imposed loan ban has been established through Gosuslugi.

How is the microfinance services market undergoing a transformation?

Tighter regulations and the introduction of increased surcharges have led to a contraction of microloan portfolios in microfinance organizations. Thus, in 2025, microfinance companies reported the following performance results:

The total loan portfolio of microfinance organizations decreased by 1.1% in the fourth quarter; the portfolio of companies issuing loans offline decreased by 7.2% over the same period, and by 10.4% over the year; new loans from microfinance organizations began to be issued more frequently – in the fourth quarter, the increase was 6.4%, over the year – more than 11%, the value of such agreements was 380 billion rubles; a decline was also observed in the banking microfinance organization segment – the decline over the quarter exceeded 3.2%.

"The microfinance services market is undergoing a transformation—MFIs are trying to adapt to legislative changes and are choosing clients with great caution," experts note.

The microloan segment is expected to experience a traditional seasonal lull in the first months of 2026. However, analysts also predict a decline by mid-year, largely due to the requirement to use biometrics when reviewing client applications. To avoid this requirement, many microfinance institutions (MFIs) are changing their status to microcredit credit companies (MCCs): for the latter, mandatory biometrics will only be introduced in March 2027, allowing businesses a brief grace period.

09:35 03.03.2026

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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Dmitry Grigorenko: The ability to use artificial intelligence is a new professional competency.

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 Government House is hosting Artificial Intelligence Week for the first time. The event, aimed at civil servants, includes an educational program and an interactive exhibition of domestic AI solutions. The main goal of AI Week is to introduce civil servants to the capabilities of AI technology and train them in the use of specific solutions they can already apply in practice. Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko, who oversees the implementation of artificial intelligence, participated in the opening ceremony.

"We've already begun using artificial intelligence in the Government Office. To this end, we launched an experiment and deployed a number of solutions for performing common tasks. The goal is to free specialists from routine tasks, such as preparing reports, so they can focus on core issues. It's important to understand: artificial intelligence doesn't write bills or make government decisions. It doesn't replace humans or compete with them. AI is merely a tool and assistant for civil servants. As part of AI Week, we're not only training civil servants to use AI in their work but also striving to change their attitudes toward the technology. Today, the ability to effectively use artificial intelligence is a new professional competency. There's nothing wrong with using modern tools that allow you to solve a problem in minutes instead of hours," said Dmitry Grigorenko.

The Government Executive Office is currently conducting an experiment to integrate artificial intelligence services into work processes. The experiment is testing solutions from leading Russian tech companies, Sber and Yandex. Three AI assistants are already available to pilot participants in an open environment: Alice AI and NeuroLawyer from Yandex, and GigaChat from Sber. Government employees are using them to solve common tasks such as preparing quick reports, spell checking, generating document summaries, and analyzing and comparing different versions of regulatory documents.

Additionally, as part of the experiment, work is underway to create an infrastructure for the operation of AI solutions. Specifically, an AI server has been installed directly at Government House. This will expand the possibilities for using artificial intelligence within the Government Office, for example, by integrating the technology into the electronic document management system.

As Dmitry Grigorenko noted, even more AI functions will soon be available to Government Executive Office staff. These include the creation of meeting minutes, document classification by topic, the creation of reports based on extensive materials, and smart search in knowledge bases. Thirteen AI services are in development by 2026, including those for analytics, email management, and compliance monitoring.

AI Week is a separate component of a larger effort to familiarize civil servants with the potential of using technology in public administration. The educational program includes lectures featuring practitioners (from Sber and Yandex). Simultaneously, an interactive exhibition of domestic AI solutions was held at the Government House. For example, as part of the exhibition, Sber showcased the capabilities of the GigaChat neural network, which can assist Government Office employees with daily routine tasks, such as compiling briefs and analyzing documents. Sber and its partners also demonstrated a set of tools for creating AI agents for civil servants, which assist in preparing meeting minutes and handling citizen requests.

"The technologies we're showcasing at AI Week in the Government share a clear idea: artificial intelligence should work for people and the country, not the other way around. We're creating solutions that are extremely useful right now for use in the highly responsible work of the Government Executive Office. These technologies make complex things simple and accessible and are helping with the digital transformation of the entire country. The GigaChat AI assistant, GigaChat Business, AI agents, data analysis, speech technologies, and other Sberbank developments bring tangible benefits to the state and its citizens. And these positive effects will only continue to grow," commented Andrey Belevtsev, Senior Vice President and Head of Technological Development at Sberbank.

At the exhibition, Yandex presented "NeuroLawyer," an AI assistant for legal professionals, as well as developments based on its own AI models, used in socially significant projects in healthcare, education, transportation, and the environment.

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: 02.03.2026, 17-17 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the TATN security (Tatnft 3ao) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 2, 2026

17:17

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on 02.03.2026, 17-17 (Moscow time), the values of the upper limit of the price corridor (up to 636.8) and the range of market risk assessment (up to 682.59 rubles, equivalent to a rate of 25.5%) of the TATN security (Tatnft 3ao) were changed.

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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Alexey Overchuk met with Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev.

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.

During the Russian government delegation's visit to Baku, a meeting of the co-chairs of the Russian-Azerbaijani Intergovernmental Commission on Economic Cooperation took place. Deputy Prime Minister of the Russian Federation Alexey Overchuk and Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev discussed a wide range of pressing issues related to practical cooperation between Russia and Azerbaijan. Particular attention was paid to strengthening trade, economic, industrial, energy, transport, logistics, and agricultural cooperation.

The parties noted with satisfaction the steady growth in trade turnover. They emphasized the broad opportunities for implementing joint investment projects in the medium and long term.

The co-chairs discussed measures to further increase freight traffic between Russia and Azerbaijan by road, rail, and sea. They emphasized the effectiveness of checkpoints on the Russian-Azerbaijani border and the feasibility of their further modernization.

The issues of further development of the North-South international transport corridor, in particular, increasing its capacity and improving the transport and logistics infrastructure, were separately considered.

Alexey Overchuk and Shahin Mustafayev agreed to hold the next meeting of the Intergovernmental Commission on Economic Cooperation in the Republic of Azerbaijan in April of this year.

The meeting took place in a constructive, friendly atmosphere, traditionally characteristic of Russian-Azerbaijani cooperation.

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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Alexey Overchuk met with the President of the Republic of Azerbaijan Ilham Aliyev.

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.

During his visit to the Republic of Azerbaijan (Baku), Deputy Prime Minister of the Russian Federation Alexey Overchuk was received by the President of the Republic of Azerbaijan Ilham Aliyev.

During the meeting, the Russian side expressed sincere gratitude to the leadership of Azerbaijan for its prompt assistance in evacuating Russian citizens from the Islamic Republic of Iran amid the complex and tense situation in the region.

A detailed exchange of views took place on the agenda of Azerbaijani-Russian relations.

During the conversation, it was noted that, in line with the agreements reached by the leaders of Russia and Azerbaijan during their meeting in Dushanbe on October 9, 2025, the parties will implement in the near future a set of practical steps to resolve the problems that arose as a result of the crash of the AZAL aircraft on December 25, 2024.

The two sides emphasized their mutual commitment to further progressive development of mutually beneficial trade, economic, investment, industrial, and transport and logistics cooperation between Russia and Azerbaijan.

The meeting discussed prospects for the development of transport communications in the region.

The common intention to continue work on the development of the North-South international transport corridor was confirmed.

Some humanitarian issues were also discussed.

The conversation took place in a friendly and constructive atmosphere, traditionally characteristic of Russian-Azerbaijani interstate dialogue.

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: Major repairs have begun in the DPR on a section of the regional road from Volnovakha to the R-150 federal highway.

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.

Federal highways form the backbone of the country's transport system. Regional roads, which connect district and regional centers and provide access to important facilities, often serve as access routes to them. For Donbas and Novorossiya, comprehensive road renovation at all levels is a key factor in dynamic development. For example, in the Donetsk People's Republic, under the supervision of the State Company "Avtodor," major repairs have begun on a 38-kilometer section of regional road from Volnovakha to the federal highway R-150. This was announced by Deputy Prime Minister Marat Khusnullin.

"Work continues in the reunited regions to bring road infrastructure up to standard. Each road or route subject to reconstruction or repair is outlined in the signed programs. These programs propose an approach to upgrading the federal, regional, and road networks that will ensure the integration of the regions into the national space and impact economic development, logistics, and tourism. Road workers have currently begun major repairs on a section of the regional highway linking Volnovakha with the R-150. Previously, a 24-kilometer section of the R-150 highway, connecting Luhansk with Donetsk, which is in high demand among local residents, was brought up to standard," the Deputy Prime Minister explained.

The Deputy Prime Minister added that work is also currently ongoing on the 30 km bypass of Donetsk, which is part of the R-150 Belgorod-Starobelsk-Lugansk-Donetsk-Mariupol road.

"Work on this section of the highway is scheduled for completion by the end of this year. The project includes laying two layers of asphalt concrete, applying road markings, installing curbs, and road signs. It's also worth noting that the "Memory of Road Heroes" monument, built by Avtodor and contractors, is located nearby," explained Vyacheslav Petushenko, Chairman of the Board of the state-owned company Avtodor.

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.