Financial news: 11/19/2025, 10:09 (Moscow time) the values of the lower boundary of the price corridor and the range for assessing market risks for the RU000A100KY3 (Rosnft2P8) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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November 19, 2025

10:09

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 19.11.2025, 10-09 (Moscow time), the values of the lower limit of the price corridor (up to 83.91) and the range of market risk assessment (up to 823.19 rubles, equivalent to a rate of 12.5%) of the security RU000A100KY3 (Rosnft2P8) 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.

The government will allocate over 300 million rubles to reimburse the costs of subsidized air travel for passengers eligible for discounts.

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

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Document

Order No. 3286-r of November 15, 2025

Ensuring transport connectivity between remote and hard-to-reach areas of the country and other Russian regions remains a government priority. In 2025, an additional 306.9 million rubles will be allocated to reimburse the costs of airlines operating flights on these routes. Prime Minister Mikhail Mishustin signed the corresponding order.

The additional funding will subsidize the transportation of at least 44,000 more people. The government previously allocated over 1.4 billion rubles for similar purposes.

A program to subsidize air travel for beneficiaries from remote and hard-to-reach communities was launched in 2018. It covers 82 routes and includes flights to Moscow, St. Petersburg, Sochi, Omsk, Novosibirsk, Yekaterinburg, and other Russian cities.

Those eligible for tickets at special rates include citizens under 23 years of age, women over 55 years of age, men over 60 years of age, disabled persons of group 1, disabled children, and large families.

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.

Mikhail Mishustin congratulated higher education teachers on their professional holiday.

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

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November 19 marks a professional holiday – Higher Education Teacher Day.

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.

Yuri Trutnev: The implementation of Arctic master plans is fundamentally changing the lives of northerners.

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

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As part of his working visit to the Krasnoyarsk Krai, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yuri Trutnev held a meeting on the implementation of the Norilsk renovation program. The event took place at the "Bashnya" (Tower) Community and Cultural Center, one of the city's renovation program facilities.

"In 2021, the Government approved a comprehensive city development plan developed in accordance with the President's directive. The plan aims to address issues such as reducing dilapidated housing, modernizing utility infrastructure, and improving living conditions for those working at this strategically important enterprise. The majority of the plan's funding—approximately 70%—is to be provided by Norilsk Nickel. Five of the 18 measures have already been implemented: six apartment buildings have been constructed, soil thermal stabilization has been carried out under several buildings, and 11 housing and utilities facilities have been renovated. Another 13 measures are underway. At today's meeting, we will discuss the plan's progress, as well as issues related to federal budget funding," Yuri Trutnev opened the meeting.

According to Alexey Chekunkov, Minister for the Development of the Far East and Arctic, the total budget for Norilsk's comprehensive development plan through 2035 is 120 billion rubles, of which 24 billion is allocated by the federal budget, 14.7 billion by the Krasnoyarsk Krai, and 81.3 billion by Norilsk Nickel. Norilsk Nickel is also implementing a number of related socially significant projects in the city (the Sulfur Program, Clean Norilsk, and digitalization) totaling over 240 billion rubles.

According to the head of the Ministry for the Development of the Russian Far East, Norilsk's main life support problems are related to extreme climatic conditions: the service life of buildings and structures is significantly reduced. The situation is further complicated by the loss of permafrost soils' load-bearing capacity under the influence of both natural and anthropogenic factors. Extensive work has been done to thermally stabilize the soil beneath residential buildings and public facilities, and the utility system is being reconstructed.

As part of the comprehensive plan, a fire station was built in the Oganer district, a social welfare facility was overhauled, and a 236-child kindergarten was overhauled (completed one year ahead of schedule). 1,412 certificates were issued (from all funding sources) for the resettlement of residents to areas with favorable natural and socioeconomic conditions. As part of the housing renovation program, the first six modern apartment buildings were commissioned in late 2024, comprising over 14,000 square meters of comfortable housing (299 apartments). Resettlement and demolition of 20 dilapidated buildings, including unfinished ones, were completed. Along with the housing renovation, over 9,000 square meters of courtyards and over 10,000 square meters of public spaces were improved. Work continues on social facilities (a clinic in the Talnakh district, a school, a kindergarten) and a security facility (a hydraulic structure on the Norilskaya River).

A key part of the city's renewal is the modernization of the city's transportation system. This includes upgrading the bus fleet (the new vehicles are custom-made and can operate reliably even in extremely low temperatures) and installing modern heated bus shelters. Today, Norilsk has 121 heated bus shelters, equipped with a 9 kW air curtain, heated benches, and mobile phone chargers.

Norilsk Mayor Dmitry Karasev noted: "Over the years that we've been implementing the comprehensive plan, Norilsk residents have seen the city change for the better. After all, it was their opinions that formed the basis for it. The work we're undertaking is a true example of public-private partnership: we're building new housing and social facilities—kindergartens, a school, and a clinic. Achieving these ambitious goals requires coordinated work, constructive dialogue, and a responsible approach. I'm confident that together we can achieve significant success in Norilsk's development and make it a city we can all be proud of."

The symbol of the renovation is the opening of the "Tower" social and cultural center in 2025. This multifunctional, all-season social and cultural center is a symbol of the city's development. Its opening followed a large-scale renovation of the building. The work was funded by Norilsk Nickel as part of the implementation of the comprehensive plan for the socioeconomic development of Norilsk through 2035. The 1951 building has been carefully restored using archival drawings, preserving the spirit of the scientific and technical library. It houses more than 20 spaces, including a coworking area, a lecture hall, a café, a space for ceremonial and official events, an exhibition and recreation space, a meeting room, and a children's play area. The most beautiful and iconic part of the "Tower"—the seventh floor—with panoramic windows offering magnificent views of Lake Dolgoe, Mount Schmidt, and the city, is accessible to all visitors. The building itself shapes the appearance of the city's historic district. As one of Norilsk's calling cards, the Tower combines historical architecture with modern development trends.

According to Nikolai Utkin, First Vice President and Head of Government Relations at Norilsk Nickel, the renovation of Norilsk is essentially a pilot project that has already become a model for public-private partnerships in developing complex Arctic territories. "Thanks to cooperation with the government at all levels, this remote Arctic city is becoming a place where people want to live and work. A true symbol of the renovation is the 'Tower'—a public space we opened this year, a magnet for all city residents. We intend to continue developing Norilsk hand in hand with our partners," he noted.

The long-term development plan for the Norilsk-Dudinka agglomeration, approved by the Government on October 27, 2025, along with other long-term comprehensive plans for key settlements in the Arctic zone of the Russian Federation, was also discussed.

"The document, developed at the President's request for the development of the Norilsk-Dudinka agglomeration, calls for the implementation of more than 30 measures by 2035 in areas such as the development of housing and utilities infrastructure, transportation, healthcare, and education, as well as ensuring comprehensive and environmental safety. Implementation of the plan's measures will provide additional impetus to the region's socioeconomic development and will improve the lives of nearly 200,000 people," said Yuri Trutnev.

The long-term development plan for the Norilsk-Dudinka agglomeration includes 31 measures. Among them, 15 (48%) are in the areas of culture, sports, and education: the construction of a boarding school in Dudinka, major renovations of the Norilsk College of Industrial Technology and the Taimyr College, and the creation of an ice sports facility in Norilsk. Another nine measures (29%) are aimed at developing public infrastructure. Norilsk's wastewater treatment facilities and Dudinka's drinking water supply systems will be reconstructed. The implementation of four measures (13%) aimed at creating healthcare facilities will improve environmental safety. A first-aid post will be built in the village of Khantayskoye Ozero, and unauthorized landfills will be eliminated.

"It would be much fairer if the assessment of the implementation of the two large-scale plans being implemented here were given not by me, but by the people who live here, who agree or disagree with the way Norilsk is developing. Overall, I can say: work is progressing. Projects that should have been implemented have been started and are being carried out. At the conclusion of the meeting, I thanked Norilsk Nickel's management. The company has assumed a significant portion of the master plan's funding. This is justified, as the majority of Norilsk residents work at the company's facilities. For its part, the Government is taking all necessary measures to improve life in Norilsk. All planned work will be completed," Yuri Trutnev concluded.

That same day, Yuri Trutnev visited the B.I. Kolesnikov Nadezhda Metallurgical Plant in Norilsk, Norilsk Nickel's largest and most high-tech division, employing approximately 2,500 people. The Deputy Prime Minister also toured the operations center of Norilsk Nickel's Polar Division. The center serves as the command and control center for all production processes in the Norilsk Industrial Region, from ore mining to product shipment, and provides the divisions with the necessary resources. The permafrost monitoring system is also located here.

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

Dmitry Chernyshenko: Quality education is the foundation of national security and sovereignty.

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

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Dmitry Chernyshenko and Minister of Science and Higher Education Valery Falkov welcomed participants of the VIII Professorial Forum "Science and Education: Development Strategies."

Deputy Prime Minister Dmitry Chernyshenko and Minister of Science and Higher Education Valery Falkov welcomed participants of the 8th Professorial Forum "Science and Education: Development Strategies." This year, the event brought together over 1,500 representatives of the scientific and university communities, as well as business representatives.

"As our President, Vladimir Vladimirovich Putin, emphasizes, quality education is the foundation of national security and sovereignty. It is you, the professorial community, who cultivate talented personnel, systematize knowledge, and lay the foundation for the long-term development of our country," the Deputy Prime Minister said.

He noted that the forum is an important platform for constructive dialogue between representatives of science and education, government, and business: "This year, the forum brought together more than 1,500 participants. We see that your work is yielding practical results. The community is growing. Over the past nine years, regional branches of the professorial assembly have been established in 82 regions of our country, bringing together more than 6,000 professors from several hundred universities."

He noted that important national awards for the academic community have been established, such as “Professor of the Year,” “Dean of the Year,” “Vice-Rector for Research,” and “Rector of the Year.”

"At the forum, you will be able to exchange experiences and discuss key issues concerning the future of Russian education and science. One of the key objectives is to combine scientific knowledge with practice while preserving the best traditions of the Russian school system. This is the goal of the new Education Development Strategy to 2036, which was developed at the direction of the President, and in whose preparation you played a direct and active role, for which we, of course, thank you," added Dmitry Chernyshenko.

In conclusion, the Deputy Prime Minister wished the forum participants success, fruitful discussions, promising and interesting ideas, and the implementation of their plans.

In his speech, Minister of Education and Science Valery Falkov noted the contribution of teachers to the country's achievement of technological leadership.

"It's crucial that the teaching community is renewing itself. Today, more than a quarter of our faculty are young scientists ready to invest their energy and talent in nurturing new generations of creators. We, in turn, will continue to create favorable working conditions for our teams. Our flagship projects, Priority 2030, Advanced Engineering Schools, and the campus construction program, are aimed at achieving this," the minister emphasized.

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 holding auctions on November 19, 2025 to place OFZ issues No. 26249RMFS and No. 26253RMFS.

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Source: Moscow Exchange – Moscow Exchange –

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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 26249RMFS from June 20, 2025
Date of the auction November 19, 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 SU26249RMFS1
ISIN code RU000A10BVC8
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.

2.1. Form, time, term and procedure for the placement:

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 26253RMFS from October 17, 2025
Placement start date November 19, 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 SU26253RMFS3
ISIN code RU000A10D517
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.

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.

Financial news: On 11/19/2025, the Federal Treasury will hold a deposit auction of 22,025,379 rubles.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 19.11.2025. Unique application selection identifier 22 025 379. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 50,000,000,000. Placement term, in days 182. Date of depositing funds 19.11.2025. Date of return of funds 20.05.2026. Interest rate for placement of funds (fixed or floating)Single treasury account. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds FLOATING_RUONmDS. Minimum spread, % per annum 0. Terms of conclusion of a bank deposit agreement (term, replenishable or special)Special. 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 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 end period of trading (sec.): 0 Bid 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. 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.

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 11/19/2025, the Federal Treasury will hold a deposit auction of 22,025,378 rubles.

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 19.11.2025. Unique application selection identifier 22 025 378. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, monetary units 148,000,000,000. Placement period, in days 2. Date of depositing funds 19.11.2025. Date of return of funds 21.11.2025. 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 the application selection Moscow Exchange. 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.): 120Bid step:

Time step (sec.):

Extension period end time:

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. The time of transfer of the deposit 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: 11/18/2025, 5:29 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A0JXJK7 security (RZhD BO-11) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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November 18, 2025

17:29

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 18.11.2025, 17-29 (Moscow time), the values of the upper limit of the price corridor (up to 102.34) and the range of market risk assessment (up to 1100.75 rubles, equivalent to a rate of 13.75%) of the security RU000A0JXJK7 (RZhD BO-11) were changed.

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Financial news: Distributions for working with TCS SPECTRA version 8.9.

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Source: Moscow Exchange – Moscow Exchange –

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Continuing with news 171Updating the T0 Derivatives Market testbed to SPECTRA 8.9We would like to inform you that distributions for working with the SPECTRA Trading System version 8.9 are available for download at the following links:

http://ftp.moex.com/pub/KlintsAPI/Spektra/TSGate/test/8.ya/http://ftp.moex.com/pub/OTK/RFS_IKS/test/OTKGate/8.ya/http://ftp.moex.com/pub/Terminal/Spectra/Test/8.ya/

Storing distributions in a separate directory with the version name is a temporary solution due to the specifics of planning upcoming releases. Starting with the next version, all distributions relevant for testing, as before, will be posted in directories one level higher.

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.