Category: Economics

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Financial news: Changes in payment types at T-ranges in accordance with the combat range.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

We are directingdirectoryWith payment types for the production and test (T1, T2) testing areas. The file contains the following data: a directory of industrial system payment types, a directory of test circuit payment types, and payment type categories.

At the request of Participants, two new fields have been added to the directory:

payment type category identifier – “source_type” and payment type category name – “name”.

This category encompasses payment types that require a unified processing approach. The fields are informational in nature and are not reflected in TCS Spectra reports and streams.

Possible values for the source_type field (payment type category):

0 – not defined (there should be no such entries) 1 – trade: the operation in the charges or pay reports was created based on the transactions. Source_type = 1 will be set for transactions on non-addressed and addressed commissions 2 – input/output operation – for transactions created based on the Broker's instruction 3 – adjustments – transactions created at the initiative of the NCC or MB to correct the data in settlements on transactions for the previous days 4 – commissions, all except commissions on transactions, namely: monthly and quarterly commissions, commissions for providing reports in paper form, etc. 5 – penalties 6 – payment for exiting a perpetual futures 7 – revaluation of collateral / profiles accepted as collateral 8 – fees for expiration of instruments 9 – input/output of collateral / profiles as collateral 10 – other transactions with collateral 11 – settlements under marketing programs

At the T1/T2 testing sites, the directory is maintained autonomously, so the current state of the directory with payment types at the T1/T2 testing sites differs from the production directory. For data from the test sites, the corresponding payment types in the production directory (pay_type) are indicated.

Please note that in the middle of next week, the data in the type directory on the T1 and T2 test sites of the Derivatives Market will be brought into line with the industrial (production) contour.

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: Corporate lending slowed in January, which is typical for the beginning of the year.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Bank lending to companies (including bonds) decreased by 0.4% in January (0.5% in December). This situation is generally typical for the beginning of the year – the decline in loan demand is largely due to the increase in budget revenues from government contracts in December and January.

Household mortgage debt increased by 0.9% (2.4% in December), a strong result for the start of the year. This trend is partly explained by the tightening of the Family Mortgage terms effective February 1, 2026. The consumer loan portfolio increased by 0.9% (-0.7% in December), which may be related to significant spending during the New Year holidays.

Household bank balances traditionally declined in January (-1.4%) after a significant increase in December (5.6%). This happens every year: bonuses and bonuses are paid in December, and people withdraw some funds from their accounts and generally spend heavily during the long holidays. Corporate balances continued to grow moderately in January (0.2% after 0.7% in December).

The banking sector's profit amounted to 394 billion rubles, higher than December's 176 billion rubles, which saw a seasonal peak in advertising and personnel spending, as well as large reserve contributions. However, due to the negative revaluation of securities included in capital, the sector's overall financial result was slightly lower, at 357 billion rubles.

For more details, read the information and analytical material "On the development of the banking sector of the Russian Federation in January 2026".

Preview photo: Oleg Elkov / 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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Marat Khusnullin: Commercial building commissioning increased by a third in 2025.

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.

Sustainable development of communities is impossible without a balanced approach, whereby residential development is complemented by necessary infrastructure. The construction of various facilities—from office centers and industrial sites to shopping malls and social institutions—makes the area comfortable, provides jobs and services, and provides additional impetus to regional economies, said Deputy Prime Minister Marat Khusnullin.

"Regional development requires a harmonious combination of residential and non-residential development. Without commercial, industrial, and social facilities, it is impossible to create a comfortable living environment. By the end of 2025, 41.5 million square meters of non-residential real estate had been commissioned, an 8% increase from the previous year. This was the highest figure in recent history. Commercial buildings accounted for the largest share of non-residential real estate commissioning – 12.6 million square meters. Moreover, the commissioning of such space increased by 32.7% year-on-year. This dynamic creates new jobs, develops the economy, and makes cities more attractive to live in by bringing services and amenities closer to where people live," said Marat Khusnullin.

The Deputy Prime Minister added that the highest growth among non-residential properties was recorded in the administrative buildings segment, with growth of 50.3% (to 1.9 million square meters). Agricultural properties (4.6 million square meters, or 8.2%) and industrial buildings (6.8 million square meters, or 3.4%) also showed positive growth.

Among the federal districts, the leaders in terms of the volume of non-residential space commissioned in 2025 were the Central Federal District (14.6 million square meters), the Volga Federal District (7.3 million square meters), and the Southern Federal District (4.4 million square meters). The largest increase in commissioning was in the Ural Federal District (38.2%), the Central Federal District (12.3%), and the Siberian Federal District (11.6%).

"The construction of not only residential complexes but also commercial, industrial, administrative, and social facilities plays a key role in creating a balanced infrastructure. This, in turn, stimulates sustainable economic growth and creates new jobs. According to statistics, the leaders in terms of overall non-residential building construction among the constituent entities of the Russian Federation are the Moscow Region, Moscow, St. Petersburg, Krasnodar Krai, and Sverdlovsk Region. Other leading regions include the Republic of Tatarstan, Rostov Region, Leningrad Region, Voronezh Region, and Novosibirsk Region," noted Minister of Construction and Housing and Utilities Irek Fayzullin.

In 2025, approximately 26.2 thousand new permits were issued for the construction of non-residential buildings for a total area of 65.5 million square meters.

"Expanding the commercial real estate stock is a key factor in increasing the investment attractiveness of regions. Large-scale capital investment is directly linked to the availability of high-quality non-residential infrastructure, which confirms that the region has created all the necessary conditions for running and scaling a business. I note that, in terms of the number of issued and valid non-residential construction permits for 2025, the largest share is for industrial, commercial, and other buildings," emphasized Dina Safiullina, Director of the Federal Autonomous Institution "Project Directorate of the Ministry of Construction of Russia."

By the end of 2025, the area of non-residential buildings under construction (according to valid permits) reached 186.2 million square meters, which is approximately 10% higher than the previous year's figure.

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: Under the state program "Construction," 124 facilities were commissioned in 2025.

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 comprehensive state program "Construction," launched by order of the President in 2023, aims to implement state policy in construction and capital investment management. This was announced by Deputy Prime Minister Marat Khusnullin.

"Last week, the Prime Minister signed an order updating the list of projects under the 2026-2030 Construction State Program. It includes priority projects such as medical, educational, and sports centers, museums, and public utilities and transport infrastructure. In 2025 alone, work was underway on 1,307 projects and activities within the register of capital construction projects under the Construction State Program, overseen by the Russian Ministry of Construction. Of these, 124 have been commissioned. Completing these projects directly improves people's quality of life and stimulates regional development," said Marat Khusnullin.

The Deputy Prime Minister noted that the new facilities include healthcare institutions, wastewater treatment plants, university campuses, museums, and transport infrastructure.

In the healthcare sector, the construction of outpatient clinics in the cities of Vidnoye, Kotelniki, and Lyubertsy in the Moscow region, as well as the first stage of the reconstruction of the Kislovodsk City Hospital, was completed. A significant milestone was the completion of the regional children's hospital in Lipetsk and the children's outpatient clinic of Clinical Hospital No. 50 of the Federal Medical and Biological Agency of Russia in Sarov.

Scientific and educational infrastructure facilities have been commissioned, including an interactive technology museum based on a Tu-144 aircraft in Kazan, a research and production building at the Saint Petersburg State Marine Technical University, and three new buildings at the modern campus of the Ural Federal University. Construction and renovation of several facilities at the Artek International Children's Center have also been completed.

The St. Petersburg State Conservatory named after N.A. Rimsky-Korsakov was put into operation.

Construction of a multifunctional ice-class rescue vessel and a research vessel of the TSK.550 project for studying the aquatic biological resources of Lake Baikal has been completed.

The Ministry of Construction also continues to work to reduce the number of unfinished projects included in the federal register.

"In 2025, four meetings of the Interdepartmental Commission for the Review of Unfinished Capital Construction Projects were held. The minutes of the Presidium (Headquarters) of the Government Commission for Regional Development adopted management decisions regarding 205 unfinished capital construction projects included in the federal register, including: 51 projects to be demolished, 7 to be privatized, 146 to be completed, and one to be transferred to the region. Since 2022, the Interdepartmental Commission has held ten meetings, reviewing information on 1,562 projects, and as a result, 928 unfinished construction projects have been included in the federal register. Currently, 142 unfinished projects have been removed from the federal register, thanks to the implementation of the decisions of the Government Commission for Regional Development, 51 of which have been completed," noted Deputy Minister of Construction, Housing and Utilities Yuri Gordeyev.

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: Borrowers have the right to choose an insurer: information letter from the Bank of Russia and the Federal Antimonopoly Service of Russia.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Consumers have the right to independently select an insurer from those that meet the bank's criteria and change them at any time during the loan term. It is unacceptable to force a specific insurance company on the borrower or provide any preferences in this case, including a reduced interest rate. This is stated by the Bank of Russia and the Federal Antimonopoly Service of Russia. reminded credit institutions.

The bank must inform the client within 7 business days of submitting the documents whether the provided insurance policy is suitable or provide a justification for the refusal. If the bank rejects the insurance policy and increases the loan interest rate, the borrower can provide a different policy. If it meets the bank's requirements, it is recommended to reduce the interest rate to the previous level.

Furthermore, credit institutions need to simplify the accreditation process for insurers and automatically accept those with a credit rating. Banks can independently determine their own acceptable rating scale, but the cutoff cannot be higher than "A-." This will expand the choice of insurance companies and help reduce the cost of policies for consumers.

Preview photo: Dmitry Uglov / 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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Financial news: 02/26/2026, 10:00 (Moscow time) the values of the lower limit of the price corridor for swap transactions and the range for assessing interest rate risks for the USDRUB_TOM1D instrument were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 26, 2026

10:00

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 February 26, 2026, at 10:00 (Moscow time), the values of the lower limit of the price corridor for swap transactions (up to -0.0255 rubles) and the range for assessing interest rate risks (up to -0.0615 rubles, equivalent to a rate of 20.45%) for the USDRUB_TOM1D instrument 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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At the Future Technologies Forum, Dmitry Chernyshenko emphasized the importance of fundamental research in AI.

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Dmitry Chernyshenko spoke at the plenary session of the Future Technologies Forum 2026 in Moscow.

The forum is supported by the Government and organized by the Roscongress Foundation.

The Deputy Prime Minister answered a question from the moderator, Dmitry Zauers, Deputy Chairman of the Management Board of Gazprombank.

"Just a year ago, here at the Future Technologies Forum, our President Vladimir Vladimirovich Putin spoke about how AI technologies are revolutionary in terms of change—at that time, this was true for chemistry and new materials. Now we can continue this trend, because these are significant changes for the bioeconomy," noted Dmitry Chernyshenko.

He singled out energy efficiency as a problem that science should solve.

"We're counting on our fundamental science. While the focus right now is on rapid implementation, it's important to do both simultaneously. Thanks to our President, who launched an international foresight exercise in AI," the Deputy Prime Minister emphasized.

Dmitry Chernyshenko reported that, at the direction of the head of state, an international foresight exercise—expert sessions involving scientists from 36 countries—was held in 2025. Ten areas of fundamental research and 201 research tasks were identified.

"Technology itself is changing rapidly. My appeal: pay attention to the 13 AI research centers supported by the government. The budget has allocated approximately 18 billion rubles for this from 2025 to the end of 2030. They are conducting fundamental and industry-specific research in artificial intelligence, which allows our country to maintain its leadership and be among the elite of those producing these technologies," he concluded.

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

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Financial news: On the placement of additional issue No. 3 of exchange bonds series 006P-04P of Gazprombank (JSC) on February 26, 2026.

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 in accordance with Part I. General Part of the Rules for Conducting Trading on the Stock Market, Deposit Market, and Credit Market of PJSC Moscow Exchange MICEX-RTS and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market, and Credit Market of PJSC Moscow Exchange MICEX-RTS, approved by the decision of the Supervisory Board of PJSC Moscow Exchange on August 1, 2025 (Minutes No. 4), the following form, time, term, and procedure for the placement of series 006P-04P Gazprombank (JSC) exchange-traded bonds (Additional Issue No. 3) have been established:

Name of the Issuer Gazprombank (Joint Stock Company)
Name of the security Exchange-traded discount non-convertible non-documentary bonds series 006P-04P (Additional issue No. 3)
Identification/registration number of the issue 4B02-04-00354-B-006P dated 05.02.2026
Placement start date February 26, 2026
Trading start date February 26, 2026
Information about the placement (Trading mode, placement form) The "Placement: Addressed Orders" trading mode involves concluding transactions based on addressed orders at a fixed price (yield). (Settlement: Ruble)
Trade code RU000A10DMP5
ISIN code RU000A10DMP5
Placement price The placement price of Exchange Bonds is set at 540.00 (Five hundred forty rubles 00 kopecks) per one Exchange Bond, which corresponds to 54% (Fifty-three) percent of the par value of the Exchange Bond.
Settlement code Z0
Underwriter Gazprombank (Joint Stock Company) (Bidder Identifier: MC0009800000, short name of the organization in the Bidding System: GPB (JSC)
Trading time on the placement start date of February 26, 2026. Trading hours: bid collection period: 10:00–13:00; bid execution period: 14:00–16:30.

After the satisfaction period ends:

Application collection and processing period: 16:45 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.
The trading period for the placement will be from February 27, 2026 to March 5, 2026.

Time for collecting applications and concluding transactions: 10:00 – 18:30.

However, the submission of applications for concluding transactions is not permitted from 17:29 until information is received from the NCO NCC (JSC) about the completion of processing the report on the consolidated order of the DEPO.
The time of the auction for the placement is March 6, 2026.

Time for collecting applications and concluding transactions: 10:00 – 16:00.

On the basis of the issue documents, when placing securities, it is not allowed Submission of applications and execution of transactions at the expense of the Bidders, as well as at the expense of the Bidders' Clients, if such persons are associated with a foreign state included in the List of foreign states and territories committing unfriendly acts against the Russian Federation, Russian legal entities and individuals, approved by the Order of the Government of the Russian Federation dated 05.03.2022 No. 430-r (as amended on the date of filing the application), or are under the control of the said persons, with the exception of controlled foreign companies in accordance with the Decree of the President of the Russian Federation dated 05.03.2022 No. 95 "On the temporary procedure for fulfilling obligations to certain foreign creditors".

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: 02/25/2026, 17-05 (Moscow time) the values of the lower limit of the price corridor for swap transactions and the range for assessing interest rate risks of the BYNRUBTODTOM instrument were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 25, 2026

17:05

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 House (JSC NCC) on 25.02.2026, 17-05 (Moscow time), the values of the lower limit of the price corridor for swap transactions (up to -0.0268 rubles) and the range for assessing interest rate risks (up to -0.0376 rubles, equivalent to a rate of 51.43%) for the BYNRUBTODTOM instrument 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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Financial news: 02/25/2026, 12:25 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0ZYU21 (ALPHA BO40) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 25, 2026

12:25

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 25.02.2026, 12-25 (Moscow time), the values of the upper limit of the price corridor (up to 114.96) and the range of market risk assessment (up to 1271.02 rubles, equivalent to a rate of 15.75%) of the security RU000A0ZYU21 (ALPHA BO40) 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.