Category: English

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Financial news: The Bank of Russia has developed a methodology for calculating the concentration of immobilized assets.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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The regulator will limit the risks of banks' investments in immobilized assets (IA)—non-core assets that have no repayment requirements, are illiquid, and carry equity risks. These include investments in property, excess fixed assets, and ecosystems.

To achieve this, a risk-sensitive limit (RSL) will be introduced to measure the concentration of immobilized assets. The bank will be required to cover immobilized assets exceeding the RSL with capital. As a result, the risks of excessive investment in such assets will be shifted from depositors and creditors to the bank's shareholders.

The Bank of Russia has developed draft regulations, which defines the methodology for calculating the RCL. The draft stipulates that banks will classify IAs into one of three groups with an immobilization coefficient ranging from 1 to 3, depending on the riskiness of the asset (its type, liquidity, and length of time on the balance sheet).

The maximum value of the RCL indicator is set at 25% of banks' capital. The draft also introduces a 5-year (from 2027 to 2031) phased schedule (100–85–70–50–25%) for achieving the target RCL level.

More information about the RCL can also be found in the publication published in May 2025 Bank of Russia report.

Preview photo: Gajus / 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.

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Alexander Novak took part in the Russian-Saudi Investment and Business Forum.

Translation. Region: Russian Federation –

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

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Deputy Prime Minister Alexander Novak took part in the Russian-Saudi Investment and Business Forum, held as part of the ninth meeting of the Joint Russian-Saudi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.

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.

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Nordwind Airlines is launching 450 additional flights during the winter holidays.

Translation. Region: Russian Federation –

Source: Nordwind Airlines –

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It's time for warm meetings!

During the New Year holidays, flights will increase. From December 15, 2025, to January 14, 2026, Nordwind Airlines, in conjunction with Ikar Airlines, will introduce the following scheduled flights:

In addition, during the winter holidays, the carrier plans to increase the frequency of flights on the current winter schedule on the following routes:

The current schedule and ticket booking are available on our website and at the ticket offices in your city.

Nordwind Airlines is one of Russia's largest airlines by passenger turnover and boasts an extensive network of scheduled flights across the country. Its hubs are Sheremetyevo, Pulkovo, Sochi, Kazan, and Makhachkala. With flexible ticket prices, convenient flight schedules, and loyalty program bonuses, flying with us is a great way to start your trip, whether you're a business traveler or just want to enjoy your planned vacation.

Nordwind Airlines: – was awarded the Skytrax World Airline Award in the category "Best Russian Carrier for Resort Destinations 2021." – strengthened its position as the favorite at the Skyway Service Award 2022, winning the nomination "Best Airline in the International Tourist Charter Transportation Category." – was recognized as the winner in the nomination "Best Interregional Air Carrier for Domestic Tourism Development" at the Russian Business Travel Awards in 2023 and 2024.

Please note; this information is raw content obtained directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: On December 1, 2025, the Territorial Development 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 01.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,083,000,000. Placement term, days – 22. Date of depositing funds is 01.12.2025. Date of return of funds is 23.12.2025. Minimum placement interest rate, % per annum is 16.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,083,000,000. 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 2:30 PM to 2:40 PM. Competitive bids from 2:40 PM to 2:45 PM. The cutoff percentage may be set or the auction may be declared void by 2:55 PM. Additional terms and conditions.

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.

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Financial news: 01.12.2025, 12-22 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A1065C9 (Rosseti1P9) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 1, 2025

12:22

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 01.12.2025, 12-22 (Moscow time), the values of the upper limit of the price corridor (up to 99.54) and the range of market risk assessment (up to 1075.67 rubles, equivalent to a rate of 18.75%) of the security RU000A1065C9 (Rosseti1P9) 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.

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Financial news: 01.12.2025, 11-55 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1098W8 (DOM 1P-18R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 1, 2025

11:55

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 01.12.2025, 11:55 (Moscow time), the values of the upper limit of the price corridor (up to 105.98) and the range of market risk assessment (up to 1362.61 rubles, equivalent to a rate of 10.0%) of the security RU000A1098W8 (DOM 1P-18R) 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.

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Financial news: Trading instruments at the weighted average rate GLDRUB_TOM.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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In continuation news Regarding the changes to the stock and currency market systems planned for December 8, 2025, we inform you that the task "Organization of trading instruments at the average weighted rate of GLDRUB_TOM (the Central Bank rate), as well as at the fixing rate of GLDRUB_TOM" will be submitted in a state of technical readiness. The trading start date will be announced later.

The full list of changes planned for the release has been updated and is available at the following link: https://www.moex.com/media/version-2025-7.pdf.

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.

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Financial News: Discrete auction held for APRI securities.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

APRI

APRI

As of 11:32:00, the current price was 15,414 rubles. (Deviation – 20.18%).

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 12,826).

In the Main Trading Mode T, a discrete auction (DA) will be held from 11:36:00.

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 12:06:00.

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.

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The composition of the Government Commission on Industry has been approved.

Translation. Region: Russian Federation –

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

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Document

Order No. 3439-r of November 26, 2025

Prime Minister Mikhail Mishustin signed an order approving the composition of the Government Commission on Industry.

The new collegial body will be headed by First Deputy Prime Minister Denis Manturov. He will also be joined by 11 other members – heads of key federal ministries, as well as representatives of the State Duma Committee on Industry and Trade.

The Government Commission on Industry was established in early November 2025. It emerged from the transformation of the Government Commission on Import Substitution. The main task of the updated commission is to coordinate the activities of government agencies in addressing various industrial policy issues.

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.

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The government approved the National Model of Targeted Conditions for Doing Business.

Translation. Region: Russian Federation –

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

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Additional solutions to support and simplify business operations at all stages are reflected in the National Model of Targeted Conditions for Doing Business. Prime Minister Mikhail Mishustin signed the order approving it.

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.