Financial news: On November 26, 2025, the Moscow Regional Guarantee Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is November 26, 2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,000,000,000. Placement period, days – 180. Date of depositing funds is November 26, 2025. Date of return of funds is May 25, 2026. Minimum placement interest rate, % per annum is 16. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 100,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 1:00 PM to 1:15 PM. Competitive bids from 1:15 PM to 1:25 PM. The cutoff interest rate or the auction's invalidity may be established by 1:45 PM. Additional terms include monthly interest payments.

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.

Denis Manturov held a meeting to update the automotive industry development strategy.

Translation. Region: Russian Federation –

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

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Denis Manturov held a meeting to update the automotive industry development strategy.

First Deputy Prime Minister Denis Manturov held a meeting to update the Automotive Industry Development Strategy to 2035. Representatives from the Ministry of Industry and Trade, the Ministry of Finance, the Federal Antimonopoly Service, Rosstandart, the Ministry of Economic Development, the Ministry of Energy, and the heads of leading industry companies participated in the event.

The meeting participants discussed the key approaches to developing the updated document, which are currently being discussed by relevant agencies and the industry. Denis Manturov noted that the key benchmark for the Strategy should not be market size, but local production in various segments. The industry's multiplier effect and its impact on related economic sectors must also be taken into account.

The First Deputy Prime Minister also emphasized that market estimates up to 2035 must be realistic and take into account the forecasts of the Bank of Russia and the Ministry of Economic Development for key macroeconomic indicators.

Deputy Minister of Industry and Trade Albert Karimov discussed progress in addressing industry-specific objectives set by the current version of the Strategy for the Development of the Automotive Industry of the Russian Federation until 2035, which was approved in 2022. Specifically, over 80% of production sites abandoned by former foreign partners have been restored to full operation, over 40% of critical auto components and materials have been localized, and stable employment has been ensured for approximately 300,000 people in the automotive industry. Current challenges create the preconditions for advancing long-term goals—increasing the level of motorization in the country, increasing the competitiveness of domestic products, and stimulating fleet renewal.

One of the long-term goals is to stimulate automotive sales volumes that will enhance the industry's investment appeal in terms of private capital inflows, as well as scale up domestic production. Furthermore, it is necessary to create conditions for increased investment in R&D and increase the share of vehicles equipped with advanced driver assistance and autonomous driving systems.

"The production system itself must become more flexible and connected. It's necessary to optimize processes at enterprises by increasing labor productivity, the level of automation and robotics, and expanding the use of artificial intelligence and machine learning systems," noted Albert Karimov.

When working on the updated Strategy, special attention will be paid to the creation of domestic platform solutions, their unification, and work on standardizing the component base.

Implementation of the Strategy's key provisions should satisfy the market and transportation industry's demand for competitive Russian automobiles, while ensuring that domestically produced vehicles account for at least 80% of the total market. This will also increase the automotive industry's contribution to the national economy.

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.

Dmitry Chernyshenko: Thanks to the efforts of the presidents of Russia and Cuba, we have reached a qualitatively new level of cooperation.

Translation. Region: Russian Federation –

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

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Dmitry Chernyshenko, Deputy Prime Minister of Russia and Co-Chair of the Intergovernmental Russian-Cuban Commission on Trade, Economic, Scientific, and Technical Cooperation, held a working meeting with Roberto Morales Ojeda, Secretary for Organizational Issues of the Central Committee of the Communist Party of Cuba. They discussed bilateral cooperation between the two countries, including in the humanitarian, trade, and economic spheres.

The meeting was part of Roberto Morales Ojeda's first visit to Russia in this capacity. The event was also attended by Enrique Horta González, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to the Russian Federation, and members of the National Assembly of People's Power of the Republic of Cuba: Emilio Lozada García, Head of the International Department of the Central Committee of the Communist Party; Ailyn Álvarez García, First Vice-Rector of the Nico López Communist Party University; Julio Heriberto Gómez Casanova, First Secretary of the Provincial Committee of the Communist Party in Ciego de Ávila; and representatives of the Russian Ministry of Foreign Affairs and the Ministry of Economic Development.

"In recent years, thanks to the efforts of our leaders – Russian President Vladimir Putin and Cuban President Miguel Díaz-Canel – we have reached a qualitatively new level of cooperation. We are doing everything possible to fulfill the leaders' agreements. This year was filled with significant events and anniversaries – the 80th anniversary of Victory in the Great Patriotic War and the 65th anniversary of the restoration of diplomatic relations between Russia and Cuba. We are very grateful that the President of Cuba participated in the events in Moscow commemorating these anniversaries," Dmitry Chernyshenko emphasized.

The Deputy Prime Minister noted that Russia was concerned about Cuba and its neighbors following Hurricane Melissa. Our country provided humanitarian aid to our Cuban friends from the very first days.

Roberto Morales Ojeda stated: “We thank you, the Russian Government and the people, for your solidarity in providing humanitarian aid to the affected regions.”

Dmitry Chernyshenko He noted that regular contacts are maintained through the Intergovernmental Russian-Cuban Commission on Trade, Economic, Scientific, and Technical Cooperation (IPC), which remains a key platform for work on the entire range of Russian-Cuban relations. He also praised the results of the 22nd IPC meeting held in Havana on April 4, 2025, during which the UAZ automotive assembly plant was launched at the site of the Cuban company EISA, and the ceremonial opening of a branch of the Southern Federal University in Havana took place.

This year, a Cuban delegation participated in the 28th St. Petersburg International Economic Forum, where the first Russian-Cuban business dialogue took place. A Russian delegation, in turn, has been sent to participate in the 41st Havana International Trade Fair (FIHAV), where it traditionally presents its national exhibit. The event will take place November 24–29, 2025, in Havana.

"Another piece of positive news, both for business and for increasing tourism, is the resumption of direct Moscow-Havana flights by Rossiya Airlines on October 26. Since November 2, Venezuela's Conviasa has been connecting St. Petersburg and Varadero with direct, scheduled flights," the Russian Deputy Prime Minister added.

Roberto Morales Ojeda emphasized that Russians constitute a significant portion of the overall tourist flow, and therefore active cooperation between the two countries in the field of tourism will continue, including through new projects.

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Financial news: The Bank of Russia will expand the asset base of retail mutual funds.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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The Bank of Russia is lifting restrictions on qualified investors investing in settlement instruments whose value is tied to cryptocurrencies through mutual investment funds (MIFs).

The regulator continues to implement initiatives on the access of qualified investors to crypto assets. The relevant regulations contain draft instruction Bank of Russia.

The document also reflects some of the measures that the regulator has already taken discussed with the market. This involves expanding the list of non-exchange-traded securities in which retail mutual funds can invest. However, the share of such assets will be limited to 10% (20% for closed-end funds).

Furthermore, the calculation of concentration limits in retail mutual funds is being streamlined. Specifically, while previously a single company's assets accounted for 10%, this standard now applies to the entire group of related entities.

Comments and suggestions regarding the draft can be sent to the Bank of Russia up to and including December 9, 2025.

Preview photo: FAArt PhotoDesign / Shutterstock / Fotodom

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Dmitry Patrushev and Primorsky Krai Governor Oleg Kozhemyako discussed regional agriculture and environmental issues.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister Dmitry Patrushev held a working meeting with Primorsky Krai Governor Oleg Kozhemyako. The main topics of discussion were the development of the agro-industrial complex and ensuring the region's environmental well-being.

Almost 1 billion rubles from the federal budget have been allocated to support the agro-industrial complex of Primorsky Krai in 2025.

Oleg Kozhemyako reported that the region has increased agricultural production over the first nine months of this year. This includes growth in beef and dairy farming.

The Primorsky Krai Governor also reported that grain harvesting has now been completed on 76% of the sown area. To date, 740,000 tons of grain have been harvested, double the amount collected during the same period last year. The Deputy Prime Minister emphasized the importance of providing farmers with the necessary material and technical resources for the seasonal work.

The meeting also discussed Primorsky Krai's participation in the national project "Environmental Well-Being." Under this project, the region plans to remove sunken ships, install modern facilities for the processing, recycling, and disposal of municipal solid waste, reduce hazardous emissions, and undertake reforestation by 2030.

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.

Financial news: On 2025-11-26, the Federal Treasury will hold a deposit auction of 22,025,389 rubles.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 26.11.2025. Unique application selection identifier 22 025 389. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 900,000,000,000. Placement term, in days 182. Date of depositing funds 26.11.2025. Date of return of funds 27.05.2026. Interest rate for placing funds (fixed or floating). Single treasury account. Minimum fixed interest rate for placing funds, % per annum – Basic floating interest rate for placing funds FLOATING_RUONmDS. Minimum spread, % per annum 0. Terms of concluding a bank deposit agreement (term, replenishable or special) Special. The minimum amount of funds placed for one application, monetary unit is 1,000,000,000. The maximum number of applications from one credit institution, pcs. 2. Application selection form (Open with random completion, Closed, Open with extension) Open with extension. Application selection schedule (Moscow time). Venue for application selection: Moscow Exchange PJSC. Application acceptance: from 09:30 to 09:50. Applications in preliminary mode: from 09:30 to 09:35. Applications in competition mode: from 09:45 to 09:50. Random trading end period (sec.): 0

Rate step: 0.1 Time step (sec.): 60. Extension period end time: 10:20:00. Formation of the consolidated register of applications: from 10:20 to 10:50. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful: from 10:20 to 11:00. Sending an offer to credit institutions to conclude a bank deposit agreement: from 11:00 to 12:20. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions: from 11:00 to 12:20. Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

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Financial news: On November 26, 2025, the Federal Treasury will hold a deposit auction of 22,025,388.

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 26.11.2025. Unique application selection identifier 22 025 388. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 348,000,000,000. Placement period, in days 2. Date of depositing funds 26.11.2025. Date of return of funds 28.11.2025. Interest rate for placement of funds (fixed or floating). Single treasury account. Minimum fixed interest rate for placement of funds, % per annum 15.76. Base floating interest rate for placement of funds – Minimum spread, % per annum – Terms of conclusion of a bank deposit agreement (term, replenishable or special) Term. The minimum amount of funds placed for one application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution, pcs. 2. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time) Venue for application selection: Moscow Exchange PJSC. Application acceptance: from 09:30 to 09:40. Applications in preliminary mode: from 09:30 to 09:35. Applications in competition mode: from 09:35 to 09:40. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications: from 10:20 to 10:50. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful: from 10:20 to 11:00. Sending an offer to credit institutions to conclude a bank deposit agreement: from 11:00 to 12:20. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions: from 11:00 to 12:20. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

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Financial news: 11/25/2025, 4:41 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A0JWV89 (Akron B1P1) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 25, 2025

16:41

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 25.11.2025, 16-41 (Moscow time), the values of the upper limit of the price corridor (up to 97.01) and the range of market risk assessment (up to 1011.46 rubles, equivalent to a rate of 10.0%) of the security RU000A0JWV89 (Akron B1P1) were changed.

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Dmitry Grigorenko: All new government services are tested in laboratories.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko delivered a report at a meeting of the Federation Council Committee on Economic Policy, held at the Analytical Center under the Government. In his report, Grigorenko discussed the results of the implementation of government digital systems and the testing of government services in user testing labs.

During a visit to the Analytical Center under the Government, senators from the Federation Council Committee on Economic Policy learned about the work of the government services user testing lab. All government services undergo testing in such labs before their launch. This testing is conducted using domestically produced neurophysiological equipment and additional methods such as in-depth interviews and usability testing. This allows for assessing the ease of use of government services and identifying and addressing any difficulties people experience when accessing them.

"The government has introduced a new approach to designing public services. All new public services are tested in laboratories. Based on the test results, the services are refined and only then made available to users. Over 1,700 public services and all 70 real-life situations have already been tested—both those already implemented and those planned for launch by the end of 2025," said Dmitry Grigorenko.

During the meeting, senators of the Federation Council Committee on Economic Policy were also shown the operation of the monitoring systems for the national project "Data Economy and Digital Transformation of the State," regional digital transformation programs, and the "Governor's Dashboard."

Dmitry Grigorenko emphasized that digital systems, as well as the implementation of artificial intelligence in monitoring national projects and state programs, enable a transition to a fundamentally new management model based on data and specific figures, as well as the provision of services to citizens and businesses in a format convenient for them.

Dmitry Grigorenko also noted the importance of joint work between the Government Executive Office and the Federation Council to create a regulatory framework for the development and implementation of advanced digital technologies, protecting Russia's digital sovereignty, and increasing the IT industry's contribution to the country's economy.

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Financial news: On holding auctions on November 26, 2025, to place OFZ issues No. 26252RMFS and No. 26254RMFS.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

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

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26252RMFS from October 17, 2025
Date of the auction November 26, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26252RMFS5
ISIN code RU000A10D4Y2
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 12:00–12:30; bid execution period: 13:00–18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26254RMFS from October 17, 2025
Placement start date November 26, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price. (Settlements: Ruble)
Trade code SU26254RMFS1
ISIN code RU000A10D533
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

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

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