Denis Manturov chaired the next meeting of the Russian-Uzbek intergovernmental commission.

Translation. Region: Russian Federation –

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

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First Deputy Prime Minister of the Russian Federation Denis Manturov and Deputy Prime Minister of the Republic of Uzbekistan Jamshid Khodjaev held the 26th meeting of the Intergovernmental Russian-Uzbek Commission on Economic Cooperation.

Trade turnover between Russia and Uzbekistan increased by more than 5% in 2024, exceeding $10 billion. In the first nine months of this year, mutual trade volume grew by another 8%. Both exports and imports are showing positive trends.

"Investment cooperation between our countries is developing in a similarly positive direction. You've already outlined the key figures today. We expect that the investment project portfolio, which currently totals approximately 55 billion, will be fully implemented. Over 3,000 enterprises with Russian participation operate in the republic—this represents approximately 20% of all foreign-owned companies operating in Uzbekistan," Denis Manturov noted.

The First Deputy Prime Minister spoke about strengthening industrial cooperation with Uzbekistan, both in terms of mutual industrial product deliveries and in the area of localizing Russian enterprises in Uzbekistan.

"The number of resident companies in our joint industrial parks is growing. In Chirchik and Jizzakh, there are now more than 30 of them, from around the world," Denis Manturov emphasized.

Russia and Uzbekistan are actively developing energy cooperation in several areas: supplies of Russian energy resources, and the implementation of projects in geological exploration, mining, and hydropower. In October of this year, work began on a nuclear power plant construction project at a site in the Jizzakh region.

"Russian e-commerce platforms are making a significant contribution to the development of trade and economic cooperation. Specifically, last year, the volume of Uzbek-made goods sold on Wildberries' platform amounted to $605 million. This makes our marketplace the largest distribution network for Uzbek goods. The company plans to build the largest logistics center in the republic, covering 100,000 square meters. Investment is estimated at over 11 billion rubles, and the number of new jobs will be approximately 7,500. The phased commissioning of the warehouse complex is planned for the end of next year," said the First Deputy Prime Minister.

The development of cultural and humanitarian ties and the holding of joint congresses and exhibitions contribute to strengthening comprehensive cooperation between Russia and Uzbekistan. Increasing reciprocal tourist trips is a priority. Speaking about cooperation in education, the First Deputy Prime Minister noted that more than 56,000 Uzbek citizens are studying at Russian universities and their branches in the republic.

Following the event, the IGC co-chairs signed the minutes of the 26th meeting of the intergovernmental commission, as well as a roadmap for strengthening interregional cooperation between the two countries for 2025–2030. Furthermore, in the presence of Denis Manturov and Jamshid Khodjaev, a Memorandum of Understanding was signed between JSC SME Corporation and the Agency for the Development of Light Industry of Uzbekistan.

The First Deputy Prime Minister of Russia and the Deputy Prime Minister of the Republic of Uzbekistan took part in the plenary session of the Russia-Uzbekistan Business Forum, which took place on the sidelines of the commission meeting. On the Russian side, the forum was attended by over 50 representatives of the business community from various sectors, from industry and energy to logistics and digital technologies.

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Financial News: Brokerage account inflows hit four-year high.

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Source: Central Bank of Russia

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The influx of new capital into the stock market in Q3 2025 was the highest since the beginning of 2021. Retail investors deposited 872 billion rubles into brokerage accounts, up 52% from the previous quarter. Three-quarters of this volume came from qualified investors.

This interest in stock market instruments is explained by a decrease in deposit rates against the backdrop of a general easing of monetary conditions.

The number of clients with assets increased from 5.1 million to 5.3 million, with beginning investors more likely to top up their accounts immediately after opening. The segment of clients with portfolios over 6 million rubles grew significantly, growing three times faster than the mass market segment.

Investors favored bonds, reaching 38% of their portfolio, while stocks accounted for only 25%. Long-term OFZs with fixed coupons, quasi-currency securities of exporters, and ruble-denominated corporate bonds were in demand.

Thanks to the influx of new money into brokerage accounts and the rise in the value of debt securities, retail investor assets grew from 11 trillion to 11.8 trillion rubles over the quarter.

Read more in"Review of Key Broker Indicators" for Q3 2025.

Preview photo: Midnight Studio TH / Shutterstock / Fotodom

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Financial news: 03.12.2025, 12-44 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A109916 (Rostel P10R) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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December 3, 2025

12:44

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 03.12.2025, 12-44 (Moscow time), the values of the upper limit of the price corridor (up to 108.35) and the range of market risk assessment (up to 1129.61 rubles, equivalent to a rate of 8.75%) of the security RU000A109916 (Rostel P10R) were changed.

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Financial news: 03.12.2025, 12-26 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A103T70 (SiburHBO08) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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December 3, 2025

12:26

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 03.12.2025, 12-26 (Moscow time), the values of the upper limit of the price corridor (up to 110.02) and the range of market risk assessment (up to 93172.79 rubles, equivalent to a rate of 25.0%) of the security RU000A103T70 (SiburHBO08) were changed.

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To the team of the Russian Center for Neurology and Neuroscience.

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

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On December 3, a gala event will be held to celebrate the 80th anniversary of the scientific center.

Dear friends!

I sincerely congratulate you on the 80th anniversary of the founding of the Russian Center for Neurology and Neuroscience.

Much has been accomplished over the past decades, and today your unique institution is one of the largest neurological clusters in the country. Leading scientific schools have been established here, and significant practical experience in the diagnosis, treatment, and prevention of nervous system diseases has been accumulated. Modern, high-precision methods and solutions are being developed and implemented, including in the field of neurotechnology, many of which are successfully used in Russian clinics. We train qualified specialists who are in demand at leading medical organizations.

You continue the work of outstanding predecessors, conducting fundamental and applied research, developing innovative areas in neuroscience, and improving rehabilitation and recovery programs. Thanks to you, thousands of patients receive comprehensive and effective medical care.

Each of you is distinguished by a high level of professionalism, responsibility, and the ability to work in a team and accomplish the most complex tasks. Every day, you help people overcome serious illnesses. I want to thank you for your dedicated work, devotion to your calling, and compassionate attitude.

I wish you further success and achievements, good health, prosperity to you and your loved ones.

M. Mishustin

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Financial news: Effect of anti-crisis measures for non-credit financial institutions in 2026 (03.12.2025).

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Source: Central Bank of Russia

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In order to minimize the consequences of restrictions imposed by foreign states, as well as to avoid possible sanctions against financial market participants and (or) their counterparties, the Bank of Russia plans to extend the right of non-credit financial institutions in 2026 not to disclose information stipulated by decisions of the Board of Directors of the regulator datedDecember 24, 2024 and fromFebruary 14, 2025.

When using the material, a link to the Press Service of the Bank of Russia is required.

03.12.2025 11:47:00

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Financial news: 03.12.2025, 10-08 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A105KW6 security (EDR P3-05) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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December 3, 2025

10:08

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCC (JSC) on 03.12.2025, 10-08 (Moscow time), the values of the upper limit of the price corridor (up to 98.75) and the range of market risk assessment (up to 1049.28 rubles, equivalent to a rate of 17.5%) for the security RU000A105KW6 (EDR P3-05) were changed.

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The government will allocate more than a quarter of a billion rubles to the development of genomic selection in livestock breeding.

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

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Document

Order No. 3530-r of December 1, 2025

By the end of 2025, more than 30 regions will receive partial reimbursement for the costs of implementing genomic selection programs in livestock breeding. Prime Minister Mikhail Mishustin signed an order allocating 264.5 million rubles for this purpose. This decision will contribute to strengthening Russia's food security.

The funds are intended, among other things, for Crimea, Mordovia, Tatarstan, Perm Krai, Arkhangelsk, Bryansk, Voronezh, Kaliningrad, Lipetsk, Tula and Yaroslavl regions.

Efforts to develop genomic selection involve molecular genetic testing of young cattle. This provides information on the authenticity of the young cattle's lineage and the absence of genetic diseases, as well as determines their breeding value.

The rules for co-financing the costs of developing genomic selection in livestock breeding were approved by the Government in August 2025. According to them, a federal budget subsidy can cover up to 70% of the actual costs incurred by breeding farms. Funds are provided based on an agreement between the Ministry of Agriculture and regional authorities.

The work is being carried out within the framework of the federal project "Creating conditions for the development of scientific research in breeding and genetics," which is part of the national project to ensure technological leadership "Technological support for food security."

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Dmitry Grigorenko: IT company revenue grew by almost 20% in the first half of 2025.

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

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The Russian IT industry maintained positive growth dynamics in the first half of 2025 across key indicators, such as company revenue and the amount of taxes and insurance premiums paid. The results of monitoring key IT industry indicators were presented by the Digital Economy Autonomous Non-Profit Organization. The monitoring is conducted quarterly at the request of Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko.

"The monitoring results for the first half of the year demonstrate that the IT industry is developing successfully thanks to numerous government support measures and occupies a significant place in the national economy. For example, revenue from sales of goods and services (both owned and purchased) by IT organizations amounted to 5.5 trillion rubles, representing a 17% increase compared to the same period in 2024. The total amount of taxes and insurance premiums paid by IT organizations increased by 20%, exceeding 1 trillion rubles," noted Dmitry Grigorenko.

The Digital Economy ANO methodology allows for a more comprehensive and accurate assessment of the effects of government support. And these effects are significant: in the first half of 2025, revenue from sales of goods and services (both internal and purchased) by IT organizations increased by 17% compared to the same period in 2024, reaching 5.5 trillion rubles.

The total amount of taxes and insurance premiums paid by IT organizations increased by 20%, exceeding 1 trillion rubles. The growth in tax revenues by IT organizations significantly exceeds the overall growth in taxes for the economy (14%). The share of taxes paid by IT organizations in total tax revenues for the first half of 2025 was 4.7%.

The growth in the number of people employed in the IT industry amounted to 3% compared to the same period in 2024. The share of IT workers in the total number of employed people amounted to 3.1%.

Investments in non-financial assets increased by 16% year-on-year, reaching 390 billion rubles in the first half of the year. This growth in investment is supporting the expansion and modernization of infrastructure, which has a positive impact on the quality and volume of services provided. The stable investment growth (15% in the first quarter and 17% in the second quarter of 2025) can be seen as a result of internal stabilization and confidence in the future.

The Digital Economy Autonomous Non-Profit Organization (ANO) was commissioned to develop a methodology for assessing the IT industry in July 2024. HSE University also conducts a similar assessment, but it focuses on analyzing the performance of companies belonging to the "core" IT-OKVED 62.1 and 63.0 codes (while e-commerce platforms, online educational platforms, game publishers, integrators, and other companies were not included in the assessment). ANO Digital Economy's methodology is based on assessing the performance of accredited IT organizations (the IT Company Registry). Currently, the registry includes approximately 20,000 organizations, and these include not only companies with the "core" IT-OKVED codes.

This methodology allows us to assess the effectiveness of public investment in the IT sector and collect data for management decision-making on the development of the IT sector in Russia. To improve accuracy and expand the range of indicators, departmental data is used, primarily data from the Federal Tax Service of Russia. Data from the Central Bank of Russia and the Federal Customs Service (to calculate export indicators), as well as the Ministry of Finance and the Ministry of Digital Development, are also used (to assess the volume of state support). Rosstat data is used, in the absence of other data sources, to estimate the volume of IT sector organizations' expenditures on the implementation and use of digital technologies, the volume of investments in non-financial assets, the volume of R&D expenditures, the level of AI technology adoption, and the level of import substitution.

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Financial news: On 2025-12-03, the Federal Treasury will hold a deposit auction of 22,025,406.

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Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 03.12.2025. Unique application selection identifier 22 025 406. Deposit currency rubles. Fund type – Unified Treasury Account. Maximum amount of funds placed on bank deposits, monetary units 50,000,000,000. Placement period, in days 182. Date of depositing funds 03.12.2025. Date of return of funds 03.06.2026. Interest rate for placement of funds (fixed or floating) FLOATING. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds RUONmDS. Minimum spread, % per annum 0. Terms of conclusion of a bank deposit agreement (term, replenished or special) Term. The minimum amount of funds placed per application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution is 2. Application selection form (Open with random completion, Closed, Open with extension). Open with extension. Application selection schedule (Moscow time). Application selection venue: Moscow Exchange PJSC. Application acceptance: from 10:00 to 10:20. Preliminary applications: from 10:00 to 10:05. Competition applications: from 10:15 to 10:20.

Random bidding end period (sec.): 0 Bid step: 0.1

Time step (sec): 60

Extension period end time: 10:30:00.

Formation of the consolidated register of applications: from 10:30 to 11:00. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful: from 10:30 to 11:10. Sending an offer to credit institutions to conclude a bank deposit agreement: from 11:10 to 11:30. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions: from 11:10 to 11:30. 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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