Financial news: Finuslugi and Alfa Capital Management Company have launched their sixth signature fund.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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On October 31, 2025, Moscow Exchange's Finuslugi marketplace and Alfa Capital management company began selling shares of the open-end mutual fund Magellan Fund. The fund's portfolio is managed by Murad Agayev, author of the Telegram channel "Agayev Murad / Russian Magellan" and co-host of the media channel "Vredny Investor."

The fund invests in Russian shares, depositary receipts and bonds.

A key criterion when selecting stocks for the fund's portfolio is that the next projected dividend amount for the security must be greater than the previous one. Additionally, the portfolio includes stocks of companies with growth catalysts, such as planned dividend policy improvements, share buybacks, corporate restructurings, mergers and acquisitions, new production launches, etc.

The Magellan Fund mutual fund is available to non-qualified investors. Shares can be purchased on the Finuslugi marketplace, through the mobile app, and on the Alfa Capital Asset Management website. The total expense and fee limit stipulated by the fund's trust management rules is 2.6% of the average annual net asset value. There is no commission on the purchase or sale of shares. All stages of the fund's operations are managed by the management company. The fund's trust management rules are registered with the Bank of Russia.

Igor Alutin, Senior Managing Director for Retail Business and the Finuslugi Marketplace at Moscow Exchange:

"According to Finuslugi, the total net assets of proprietary mutual funds in October approached 200 million rubles, confirming investor confidence and interest. We believe that, by combining a robust investment product, the simplicity of social media, and a transparent structure, proprietary mutual funds help popularize the collective investment market among the general public. Therefore, we will continue to actively expand their product line."

Elena Chikulaeva, director of strategy at Alfa Capital Management Company:

"A series of proprietary funds combines professional analysis with an expert's personal market perspective, facilitating increased Russian investor engagement in collective investment instruments. Each new product makes private investments more personalized and accessible. The Magellan Fund exemplifies a strategy where working with undervalued companies is supported by a clear selection logic and disciplined risk management."

The Magellan Fund is the sixth fund in a joint venture between Alfa Capital and Finuslugi, aimed at implementing the strategies of independent financial experts who author popular investment blogs. Earlier this year, the following funds were launched: Black Line, managed by Nazar Shchetinin (Vredny Investor), Magnificent Seven, managed by Ivan Kreynin (Investment Diary), Matryoshka a la Rus, managed by Konstantin Kudritsky (Ask Vasilich), Bitcoin: Market Opportunities Fund, managed by Evgeny Kogan (bitkogan), and Conservative Strategy on the Moscow Exchange, managed by Igor Shimko.

Finuslugi is a money marketplace created by the Moscow Exchange. On Finuslugi, you can open bank deposits, take out cash loans, purchase mutual fund shares, public bonds from companies and Russian regions, as well as compulsory motor insurance (OSAGO), comprehensive motor insurance (CASCO), mortgage insurance, property insurance, and other products. You can top up your Finuslugi account commission-free using the Faster Payment System (FPS) 24/7. The service can be used regardless of region, anywhere in Russia and worldwide. Learn more on the website. http://finuslugi.ru.

Alfa Capital Management Company is one of the largest asset management companies in the market. Founded in 1996, Alfa Capital Management Company is a pioneer in managing assets for private, institutional, and corporate investors.

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.

Alexander Novak: The government has simplified the procedure for concluding energy supply contracts.

Translation. Region: Russian Federation –

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

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Starting January 1, 2027, small and medium-sized businesses will be able to enter into energy supply contracts for their facilities without the need for paper agreements. A decree amending the rules for concluding such contracts has been signed.

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 and Mikhail Degtyarev congratulated the coaches on their professional holiday.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister Dmitry Chernyshenko and Minister of Sport and Chairman of the Russian Olympic Committee Mikhail Degtyarev congratulated the coaches on their professional holiday and discussed government support measures.

"Coaches play a key role in the development of Russian sports, as they help develop the talents of young and adult athletes, invest their whole heart and soul in their students, and sincerely care about their results. Today, more than 88,000 coaches work in the sports reserve training system. Particular attention is paid to attracting them to the regions. This year, at the direction of President Vladimir Putin, the "Zemsky Trainer" program was launched. It helps children receive high-quality sports training regardless of their place of residence. I congratulate all the coaches of our country on this holiday! I thank them for their contribution to Russia's sporting achievements, the development of our younger generation, and the popularization of sports," said Dmitry Chernyshenko.

The government has allocated 2.73 billion rubles for the "Zemsky Trainer" program through 2028. Under this program, trainers relocating to work in villages and small towns with populations of up to 50,000 will receive between 1 million and 2 million rubles.

The government has been consistently strengthening its support measures for industry specialists. In recent years, coaches' salaries have increased, and additional incentive payments have been introduced, including for student achievement, mentoring, and the development of adaptive sports.

"Russian President Vladimir Vladimirovich Putin emphasized that our country has been and remains one of the world's leading sporting powers, the birthplace of great athletes, victories, and records. At the core of this is our national coaching school, traditionally considered one of the strongest in the world. Today, 2,239 specialists have been awarded the title of Honored Coach of Russia. The state's goal is not only to enhance the prestige of the profession but also to create conditions for professional growth, so that coaches feel supported and confident about their future. The Russian Ministry of Sport is consistently developing a system for training qualified specialists, improving the quality of education and providing the industry with sought-after professionals," emphasized Mikhail Degtyarev.

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 has approved a list of specialties and areas of study at universities for which Presidential scholarships are awarded.

Translation. Region: Russian Federation –

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

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The government has completed the necessary regulatory framework for the assignment and payment of presidential scholarships. An order has been signed approving a list of higher education specialties and fields of study that align with Russia's scientific and technological development priorities. Students studying in these specialties and fields will be eligible for the presidential scholarship.

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.

Marat Khusnullin: New regional applications for treasury infrastructure loans have been approved.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister Marat Khusnullin chaired a meeting of the Presidium (Headquarters) of the Government Commission on Regional Development. Participants discussed preliminary results of the "Infrastructure for Life" national project and federal projects, and reviewed recent applications for project financing using Treasury Infrastructure Loans (TILs).

"Following the President's instructions, we continue to monitor housing construction in the regions. The groundwork we've built so far allows us to maintain a good pace. The volume of housing under construction has increased to 120 million square meters, up 2% from last year, and urban development potential has grown to 471 million square meters. We must maintain this pace and ensure that housing is commissioned this year—over 100 million square meters. We are also continuing to actively modernize the country's road network and public utility infrastructure. It's important for regional leaders to delve deeper into housing and utilities issues: take personal control of the industry's status and pricing, and review reserves and technical parameters. A comprehensive and systemic approach is needed here," said Marat Khusnullin.

In terms of achieving key performance indicators, Marat Khusnullin noted the high results of the Saratov Region, the Republics of Tatarstan, Buryatia, North Ossetia-Alania, and Perm Krai.

In his report, Minister of Construction and Housing and Public Utilities Irek Faizullin noted that the comprehensive modernization of public utilities infrastructure is a priority for Russia's construction industry.

"The goal is to increase the grid replacement rate to 2.5% by 2030 and improve the quality of housing and utilities services for 20 million people across the country. The Russian Ministry of Construction, together with the Federal Resources Fund, has launched a corresponding monitoring program for comprehensive plans and memoranda. To fulfill these obligations, regions must analyze the relevance of utility plans and comprehensive plans, ensure the specificity and accuracy of technical solutions incorporated into design documentation, assess the impact of implemented measures on industry indicators, and monitor unit costs and the performance of utility companies. There are indeed many tasks. We are working systematically, including on increasing the digitalization of the housing and utilities sector and streamlining interactions between regional agencies," stated Irek Fayzullin.

During the meeting, the Presidium of the Government Commission reviewed applications for treasury infrastructure loans.

"We continue our systematic work on distributing treasury infrastructure loans. We have approved new applications from the Nizhny Novgorod Region, the Yamalo-Nenets Autonomous Okrug, the Republic of Sakha (Yakutia), and the Republic of Karelia for a total of 19.8 billion rubles. These are important decisions that directly impact the socioeconomic development of communities and regions as a whole. More specifically, the projects cover a variety of areas: sports, tourism, and road infrastructure. The quality of public services will also significantly improve for hundreds of thousands of residents. The implementation of these projects depends largely on the coordinated and efficient work of regional teams. Residents should receive new facilities and see positive changes as soon as possible," noted Marat Khusnullin.

The Ministry of Construction oversees the Treasury Infrastructure Loans program, and the Territorial Development Fund participates in its implementation.

"The Territorial Development Fund continues to process applications for funding infrastructure projects under the CIC. Currently, projects from 82 regions have been approved, totaling 353.63 billion rubles. These funds will be used to modernize housing and utilities, as well as develop social, road transport, and tourism infrastructure," said Vasily Kupyzin, CEO of the Territorial Development Fund.

Specifically, the Nizhny Novgorod Region was approved for a 6.4 billion ruble CIC for the modernization of its public utility infrastructure. The planned work includes the reconstruction of the water supply system, sewer system, and the construction of four boiler houses.

Additionally, 2.28 billion rubles will be allocated to the Yamalo-Nenets Autonomous Okrug for the equipping of ski slopes and ski lift infrastructure.

In the Republic of Sakha (Yakutia), plans are underway to use 10.18 billion rubles of KIK funds to build a bridge across the Lena River near Yakutsk and connect the new Sportivny microdistrict to utility networks.

In addition, the Republic of Karelia will receive a KIK grant of 1.02 billion rubles for the reconstruction of the stadium and major repairs to water treatment facilities.

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: 10/30/2025, 17-12 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the WUSH (iWUSHolding) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 30, 2025

17:12

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 October 30, 2025, 17-12 (Moscow time), the values of the upper limit of the price corridor (up to 113.07) and the range of market risk assessment (up to 127.02 rubles, equivalent to a rate of 49.5%) of the WUSH (iWUSHHolding) security 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.

Financial news: Discrete auction of WUSH securities is being held.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

WUSH

iVUSHHoldng

As of 17:07:00, the current price was 102.32 rubles. (Deviation – 20.36%).

There was an increase of 20.00% or more within 5 minutes in a row in the current share price from the closing price of the previous trading day (RUB 85.01).

In the Main Trading Mode T, a discrete auction (DA) will be held from 17:11:00.

In other non-addressed trading modes during the DA period, trading is conducted in accordance with the established regulations.

The end of the DA and resumption of trading at 17:41:00.

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.

Dmitry Grigorenko: Municipalities will be inspected according to new rules.

Translation. Region: Russian Federation –

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

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The government has approved a draft law "On the Organization of Control and Supervisory Activities in Relation to Local Government Bodies" for submission to the State Duma. The document proposes extending to municipalities approaches previously developed as part of the federal reform, including risk-based inspections, preventive visits, pre-trial appeals, and more.

"The draft law continues the Government's systematic efforts to improve regulatory and oversight activities in Russia. We propose implementing a risk-based approach to monitoring local governments and how they exercise their powers. This approach has already proven effective in inspections of businesses and non-profit organizations. We are seeing consistent results: as the administrative burden is reduced, the effectiveness of inspections and preventative measures increases. This means the number of inspections has decreased, and their effectiveness has increased," commented Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko.

Furthermore, the provisions of the draft law are designed to reduce local budget expenditures on fines and provide an opportunity to plan for compliance with regulatory requirements without compromising other priority tasks.

The bill proposes that municipalities, like economic entities, will be assigned to different risk categories, depending, for example, on territorial criteria. The risk category will, in turn, influence the need for and frequency of scheduled inspections. For example, for facilities classified as low-risk, scheduled inspections will not be conducted, only preventive visits. When issuing orders and determining compliance deadlines, the specifics of local budget formation and municipal procurement procedures must be taken into account.

For the first time, it is proposed to introduce preventive enforcement mechanisms for municipalities: preventive visits (the inspector does not issue a fine, but records the violation for correction), consultations, and others. Preventive measures are carried out based on an annual program approved by the regulatory body.

Municipalities will now have access to a pre-trial appeals procedure. The option of entering into an agreement to rectify identified violations will be introduced. Such an agreement may be concluded if significant material and time expenditures, or capital investments, including construction, are required. The issued order is suspended for the duration of such agreements.

The requirement to coordinate scheduled and unscheduled inspections with the prosecutor's office remains unchanged. This rule remains in effect today.

This draft law was developed at the request of the President by the Russian Ministry of Justice in close collaboration with the All-Russian Association for the Development of Local Self-Government. The provisions are planned to enter into force on January 1, 2027, but will be implemented starting January 1, 2028. This period is provided for the development of planned activities.

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: New requirements for bank financial stability recovery plans will come into force on January 1, 2026.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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The Bank of Russia has updated the requirements for financial stability recovery plans (FSRPs), taking into account the experience of supervisory assessments accumulated since 2019, in order to improve their effectiveness in stressful situations.

Systemically important credit institutions will be required to submit plans prepared in accordance with the new requirements to the Bank of Russia by July 1, 2026 (other banks – at the regulator’s request).

INnew position The parameters of stress scenarios have been detailed, indicators of the onset of shock have been established, and it is also indicated how banks should confirm the feasibility of VFU measures and the extent to which they should describe them in their plans.

Preview photo: wedmoments.stock / 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.

Financial news: 10/30/2025, 15-16 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the WUSH (iWUSHolding) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 30, 2025

15:16

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 October 30, 2025, 15-16 (Moscow time), the values of the upper limit of the price corridor (up to 106.06) and the range of market risk assessment (up to 120.01 rubles, equivalent to a rate of 41.25%) of the WUSH (iWUSHHolding) security 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.