Financial news: 12/25/2025, 12:39 a.m., the values of the lower limit of the repo price corridor, the carry rate, and the range of interest rate risk assessment for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

12:39

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on December 25, 2025, 12:39 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -170.14%), the transfer rate and the range of interest rate risk assessment (up to -9.331 rubles, equivalent to a rate of 204.84%) of the SFIN security (SEFAI JSC) 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: On December 25, 2025, 12-13, the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

12:13

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on December 25, 2025, 12-13 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -150.93%), the transfer rate and the range of interest rate risk assessment (up to -8.286 rubles, equivalent to a rate of 183.7%) of the SFIN security (SFAI JSC) 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: On December 25, 2025, at 12:01 a.m., the values of the lower limit of the repo price corridor, the carry rate, and the interest rate risk assessment range for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

12:01

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on 25.12.2025, 12-01 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -131.71%), the transfer rate and the range of interest rate risk assessment (up to -7.241 rubles, equivalent to a rate of 162.56%) of the SFIN security (SEFAI JSC) 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: 12/25/2025, 11:49 a.m., the values of the lower limit of the repo price corridor, the carry rate, and the interest rate risk assessment range for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

11:49

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on December 25, 2025, 11:49 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -112.49%), the transfer rate and the range of interest rate risk assessment (up to -6.196 rubles, equivalent to a rate of 141.42%) of the SFIN security (SFAI JSC) 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: 12/25/2025, 11:20 a.m., the values of the lower limit of the repo price corridor, the carry rate, and the interest rate risk assessment range for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

11:20

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on December 25, 2025, 11:20 AM (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -93.27%), the transfer rate and the range of interest rate risk assessment (up to -5.151 rubles, equivalent to a rate of 120.28%) of the SFIN security (SFAI JSC) 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.

Dmitry Grigorenko: The IT industry's share of tax revenue is growing twice as fast as the economy as a whole.

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 IT industry is cementing its role as a key driver of the economy and a source of budget revenue. The share of IT taxes in total tax revenue is increasing (to 4.6%), and payments themselves are growing almost twice as fast as the economy as a whole (29% versus 15%). Furthermore, the IT industry is growing in other indicators, such as investment volume, the share of employees in the industry, and revenue. This is evidenced by the results of IT industry monitoring for the first three quarters of 2025. The monitoring is conducted quarterly by the ANO "Digital Economy" at the request of Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko. For the purposes of this methodology, the IT industry is defined as the set of organizations included in the register of accredited organizations operating in the field of information technology (the register of IT companies).

"Based on the results of three quarters, the IT industry has demonstrated growth in key indicators – employment, tax revenue, revenue, and investment. This is no coincidence. Today, all sectors – from manufacturing to agriculture – are transforming and embracing digitalization. And IT companies are becoming the providers of services and technologies for them. Furthermore, we see that R&D spending in the IT industry has increased by almost 40% compared to last year. This indicates high innovative activity – that companies are investing in the development of their own technologies and products. Therefore, the industry plays a vital role in the development of our country's technological sovereignty," noted Dmitry Grigorenko.

According to monitoring results, revenue from sales of in-house and purchased goods and services by IT organizations for the first nine months of 2025 increased by 19% compared to the first nine months of 2024, reaching 8.24 trillion rubles.

The share of taxes paid by IT companies in total tax revenues increased by 0.5 percentage points over the first three quarters of this year compared to 2024, reaching 4.6%. In total, IT companies contributed 1.59 trillion rubles in taxes and fees to the budget during this period, representing a 29% increase compared to the first nine months of 2024. This growth in tax revenues continues despite the tax breaks currently in place for IT companies. This demonstrates the success of government support measures that are stimulating the industry's development.

The share of IT workers in the total workforce, according to monitoring results for three quarters, increased by 0.3 percentage points to 3.2%. The number of IT workers increased by 11% (to 151,000 people), significantly exceeding the growth of the overall workforce in the economy (growth of less than 1%).

Innovation activity and exports are growing, supporting the pursuit of technological sovereignty. R&D spending in the first nine months of 2025 increased 39% year-on-year, reaching 614 million rubles. This growth indicates that IT companies are increasingly investing in developing their own, domestic technologies. This also demonstrates the maturation of the industry and its stable development.

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 Future Technologies Forum will discuss the development of biotechnology to achieve technological leadership.

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 business program architecture for the Future Technologies Forum, which will take place on February 26–27, 2026, at the World Trade Center in Moscow, has been published. Scientists, representatives of market leaders, key government agencies, and technology companies will discuss measures to achieve Russia's leadership position in the global biotechnology market.

The forum's key theme will be "Bioeconomy for Humanity." Discussions will focus on coordinating the efforts of market participants to implement the national project "Technological Support for the Bioeconomy."

"Implementing the national project on technological leadership is crucial for the economy as a whole due to the cross-cutting nature of this industry. Biotechnology enables the development of fundamentally new products and improves resource efficiency in a vast number of sectors, from pharmaceutical production to space exploration. The goal of the national project is to ensure technological independence for bioeconomy products," said Denis Manturov, curator of the national project "Bioeconomy," First Deputy Prime Minister.

The national project aims to effectively utilize Russia's raw materials, human resources, and scientific potential to establish the Russian bioeconomy as a global leader. Approximately 20 billion rubles are planned for the national project's implementation by 2030.

"Russia is in a unique position to develop the bioeconomy and create breakthrough biotechnologies. Rich and diverse biological resources, reputable natural science schools, a developed energy sector, and information technology create a powerful foundation for developing and implementing biotechnologies and improving the efficiency of existing industries. Forum participants will discuss how to integrate resources, knowledge, and technologies into an ecosystem that will foster the development of the bioeconomy and the implementation of its principles in other areas to achieve technological leadership," said Anton Kobyakov, Executive Secretary of the Organizing Committee for the Future Technologies Forum and Advisor to the President of Russia.

The forum program will include discussions across four thematic tracks: "Technologies: Bioevolution," "Human Beings: A New Habitat," "Industries: Sustainable Development," and "Ecosystem: Societal Strategy."

The "Technologies: Bioevolution" track will bring together discussions on the development of technologies necessary to make Russia a global leader in the bioeconomy: additive biotechnology, nuclear and nature-based technologies, synthetic biology, and artificial intelligence.

"A key component of the national project's implementation will be the participation of high-tech and knowledge-intensive businesses, their involvement at all stages of production. Bioeconomy is an interdisciplinary field in which the use of cutting-edge technologies is critical to achieving technological leadership goals. It is necessary to unite industrial partners, research organizations, and universities to saturate the market with new solutions that can be applied in the industry," noted Deputy Prime Minister Dmitry Chernyshenko.

The "Human Being: A New Habitat" track will focus on sustainable environmental management. It will include discussions of the closed-loop bioeconomy, the application of biotechnology in the food industry, and the development of bio-eco-settlements as a new model of living.

In the "Industries: Sustainable Development" program track, forum participants will discuss measures to improve the efficiency of industries—energy, agro-industrial sector, and mining—through the use of biotechnology, as well as the creation of new industrial directions within emerging bioclusters.

Discussions under the "Ecosystem: Societal Strategy" track will focus on bioeconomy policymaking at various levels—from municipal to global—as well as specific measures to provide the industry with domestic equipment and personnel, attract investment, regulatory frameworks, and access to new export markets. This track will also include discussions on bioethics and myths surrounding the bioeconomy.

Ahead of the forum, a scientific conference will be held dedicated to technological support for the bioeconomy.

Detailed information about the Future Technologies Forum events is available on the website: future-forum.tech

The Future Technologies Forum is a flagship event where leading researchers and industry leaders present science-intensive technologies, innovative scientific developments, and completed projects that will shape the development of economic sectors in the coming years.

The forum has been held in Moscow annually since 2023 with the participation of the President of Russia. In 2023, the FBT focused on quantum technologies, and in 2024, on the future of medicine. In 2025, the forum's theme was new materials and chemistry. The 2026 FBT will focus on the bioeconomy.

The forum is operated by the Roscongress Foundation with the support of the Ministry of Industry and Trade, the Russian Academy of Sciences, the Russian Science Foundation, and the Russian Quantum Center.

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: 12/25/2025, 10-14 the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the SFIN (SEFAI JSC) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

10:14

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on December 25, 2025, 10:14 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -74.05%), the transfer rate and the range of interest rate risk assessment (up to -4.106 rubles, equivalent to a rate of 99.14%) of the SFIN security (SFAI JSC) 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: 12/25/2025, 10:07 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0ZYFM5 security (DOM.RF B-8) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 25, 2025

10:07

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 25.12.2025, 10-07 (Moscow time), the values of the upper limit of the price corridor (up to 104.67) and the range of market risk assessment (up to 1100.75 rubles, equivalent to a rate of 7.5%) for the security RU000A0ZYFM5 (DOM.RF B-8) 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.

Dmitry Chernyshenko and Sergey Kravtsov discussed the results of Russian school teams' participation in international Olympiads.

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.

In 2025, Russian school teams successfully competed in 20 international subject Olympiads—both main and intermediate—exceeding last year's total in medal count.

"In 2025, Russian schoolchildren won 115 medals at 20 international Olympiads. They demonstrated strong results in disciplines crucial to achieving technological leadership—the national goal set by President Vladimir Putin. Compared to last year, the number of awards won and the number of competitions themselves increased. The news of each victory became a joyful and vibrant event, uniting our country. A huge thank you to our medalists, teachers, coaches, and parents! These awards are a symbol of your hard work, talent, and profound knowledge!" said Deputy Prime Minister of Russia Dmitry Chernyshenko.

The preparation of students and their participation in intellectual tournaments was organized with the support of the Ministry of Education of the Russian Federation as part of the federal project "All the Best for Children" of the national project "Youth and Children."

"The impressive successes of our schoolchildren this year—the growing number of medals and the expansion of their participation in intellectual competitions—clearly demonstrate the improvement in the quality of Russian education across various subject areas and the result of systematic efforts to identify and support talented students. Our President, at an earlier meeting of the Council on Science and Education, emphasized the importance of increasing interest in mathematics and the natural sciences, and we are fulfilling this goal. The national project "Youth and Children" is a key tool in this work. It is important to note that the students' Olympiad victories are not only the result of the students' own efforts, but also the hard work of teachers and coaches, and the support of parents and loved ones," commented Russian Minister of Education Sergey Kravtsov.

Russian teams took part in all eight major competitions in general subjects. In these intellectual tournaments, students won a total of 44 medals: 33 gold, ten silver, and one bronze.

Schoolchildren represented Russia with dignity at the Open International Geography Olympiad (openGeo-2025), the 57th International Chemistry Olympiad (IChO), the 66th International Mathematical Olympiad (IMO), the 55th International Physics Olympiad (IPhO), the 36th International Biology Olympiad (IBO), the 37th International Olympiad in Informatics (IOI), the 4th Open International Astronomy Olympiad (OWAO), and the 22nd International Junior Science Olympiad (IJSO).

In parallel with their preparation for the main competitions, Russian schoolchildren participated in 12 intermediate (training) Olympiads. At these competitions, the students won 71 medals: 44 gold, 21 silver, and six bronze. The list of tournaments included the International Geography Olympiad (OLGENAS), the 16th International Mathematical Olympiad (Romanian Master of Mathematics), the 16th International Advanced Informatics Tournament (IATI), the Asian Physics Olympiad (APhO), the 59th International Mendeleev Chemistry Olympiad for School Students, the First Open International Biology Olympiad (OIBO), the Abu Rayhan Biruni International Chemistry Olympiad (ARBIChO-2025), the 3rd International Science Physics Olympiad (ISPhO), the International Junior Geography Olympiad (IJGO-2025), the K. Satpayev International Chemistry Olympiad, the 29th International Astronomy Olympiad (IAO-2025) and the 41st China National Chemistry Olympiad mathematics (CMO-2025).

Russian school teams traditionally include winners and runners-up of the All-Russian School Olympiad. They are trained by experienced teachers from leading Russian universities. The list of participants and national coaches is approved by the Russian Ministry of Education. Before international tournaments, students undergo training and orientation sessions.

As a reminder, in 2024, Russian schoolchildren won 42 medals in eight major international subject Olympiads (31 gold, nine silver, and two bronze) and 61 medals in nine international training competitions (36 gold, 21 silver, and four bronze).

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.