Financial news: 01/20/2026, 10:02 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SFIN (SFAI JSC) security were changed.

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Source: Moscow Exchange – Moscow Exchange –

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January 20, 2026

10:02

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the NCC (JSC) on January 20, 2026, 10:02 (Moscow time), the values of the upper limit of the price corridor (up to 1369.2) and the range of market risk assessment (up to 1549.227 rubles, equivalent to a rate of 41.25%) of the SFIN (SFAI JSC) security were changed.

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Financial news: On January 20, 2026, two deposit auctions of the Territorial Development Fund will be held.

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Source: Moscow Exchange – Moscow Exchange –

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The date of the deposit auction is 20.01.2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 9,989,000,000.00. Placement period, days 28. The date of depositing funds is 20.01.2026. The date of return of funds is 17.02.2026. The minimum placement interest rate, % per annum is 16.00. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 9,989,000,000.00. 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 11:00 to 11:10. Competitive bids from 11:10 to 11:15. The cutoff percentage will be established or the auction will be declared void by 11:25.

Additional conditions.

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Andrey Berestyansky has been appointed head of the Government's Department of Natural Resources, Land Relations, and Agro-Industrial Complex.

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

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Andrey Berestyansky has been appointed Director of the Government's Department of Natural Resources, Land Relations, and Agro-Industrial Complex. The order appointing him was signed by Prime Minister Mikhail Mishustin. Elena Kovaleva has been relieved of her post at her request due to her transfer to another position.

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Financial news: Russian businesses doubled trading activity on the Moscow Exchange money market in 2025.

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Source: Moscow Exchange – Moscow Exchange –

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Trading volume on the Moscow Exchange money market by non-financial companies in 2025 doubled compared to 2024, reaching 248 trillion rubles. Of this, Russian businesses concluded transactions worth 217 trillion rubles through brokerage access (98% of the 2024 volume).

The number of non-financial companies that entered into repo transactions on the Moscow Exchange money market in 2025 through brokerage access, exceeded 11,800, which is one and a half times more than the previous year. Of these, almost 7,400 companies entered into repo transactions worth 23.7 trillion rubles through brokers in December 2025—record figures for the entire history of money market trading.

Over the course of last year, nearly 140 Russian non-financial companies managed available liquidity in the money market directly without a broker, whereas in 2024, the number of such companies was a quarter fewer.

Dmitry Danilenko, Director of Money Market Development at Moscow Exchange:

"In 2025, record-breaking activity by Russian companies in the money market continued to grow. Retail investors also demonstrated steady growth – over 1.1 million people purchased money market fund units in 2025, with the total number of unit holders exceeding 2.4 million. This confirms the versatility of the money market as a liquidity management platform – it is effective for companies of all sizes seeking to profitably manage their available funds, as well as for private investors seeking a reliable way to preserve and grow their capital. We will continue to develop these instruments in partnership with market participants."

The total open position of Moscow Exchange money market participants and their clients reached a new all-time high last year, reaching 21.8 trillion rubles in December (the previous record was 19 trillion rubles in December 2024). The largest growth was observed in the CCP deposit segment, with the maximum open position exceeding 800 billion rubles, 2.7 times higher than the previous year. More than 300 Russian companies have access to the CCP deposit segment.

The average daily volume of transactions by all money market participants increased by 28% last year compared to the 2024 figure, reaching 5.3 trillion rubles, including 4.1 trillion rubles in repo transactions with the Central Bank (45%) and 539 billion rubles in deposits with the Central Bank (a 2.2-fold increase).

In 2025, Moscow Exchange launched service interim payments under targeted repo transactions, expanded A wider range of currency repo transactions has been expanded (in addition to Russian rubles and Chinese yuan, transactions settled in Kazakhstani tenge and Belarusian rubles are now available). Furthermore, the exchange has resumed evening repo transactions and launched an accrued yield index. RUSFARIND, and also extended the calculation of the family of indicators RUSFAR REAL TIME until 18:00, which increased the transparency of the formation of money market rates.

Money market The Moscow Exchange is one of the most important segments of the Russian financial market, used by financial companies, large, medium, and small businesses, and individual investors to manage their liquidity. Money market instruments include repos with the Central Custody Transfer (CCT), repos with the Central Custody Transfer (CCT), repos with the Bank of Russia (CBR), interdealer repos, deposits with the CCT, loans, and deposit and loan auctions. Trading is organized by the Moscow Exchange, and clearing and settlement are performed by the National Clearing Center (NCC, part of the Moscow Exchange Group).

Contact information for media: 7 (495) 363-3232PR@moex.com

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170th Anniversary of Prince Gagarin's Birth: Polytechnic University honors the memory of the institute's first director at the Kholomki estate.

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Source: Peter the Great St. Petersburg Polytechnic University –

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Polytechnic alumni, students, staff, and representatives of its partners visited the Kholomki estate to honor the memory of Prince Andrei Gagarin, the first director of the St. Petersburg Polytechnic Institute, on the 170th anniversary of his birth.

Andrei Grigorievich Gagarin was a descendant of a noble family dating back to Rurik, the baptizer of Rus', Grand Duke Vladimir Svyatoslavich, and Vladimir Monomakh. The Gagarins adhered to two family mottos: "Not to us, but to us" and "Strong with mighty roots." The father of the first director, Grigory Grigorievich Gagarin, was a major general in the retinue of His Imperial Majesty, a privy councilor, vice president of the Imperial Archaeological Society and vice president of the Imperial Academy of Arts, an artist, and an architect. His mother, Sofia Andreyevna Gagarina (née Dashkova), was a lady-in-waiting to Grand Duchess Maria Alexandrovna, a lady-in-waiting at the Imperial Court, an artist, and the organizer of an art salon. Andrei Gagarin's godfather was Emperor Alexander II, and his godmother was the Dowager Empress Alexandra Feodorovna.

Andrei Gagarin was born on December 22, 1855 (Old Style). According to the New Calendar, this is January 4, 1856. Interestingly, in 2026, we celebrate another anniversary associated with the Gagarin name—the 65th anniversary of Yuri Gagarin's spaceflight. Although the first director of the Polytechnic University and the first man in space are not related, the mysteries of the universe nevertheless intrigued Andrei Grigorievich. A graduate of the Physics and Mathematics Department of St. Petersburg University, Andrei Gagarin received a silver medal and a PhD in Astronomy for his research paper, "The Most Convenient Method for Preliminary Calculations of Solar Eclipses and Similar Phenomena with Prediction of the Total Eclipse of 1887."

Andrei Grigorievich was also no stranger to more mundane scientific questions. In 1884, he graduated from the Mikhailovsky Artillery Academy with first class honors and defended his dissertation on the most efficient rifling of gun barrels. He is the inventor of several engineering inventions. For example, the "Gagarin circular ruler," named after him, was awarded a gold medal at the Paris World's Fair in 1900. But not only that.

While working at the Petersburg Arsenal plant, the prince designed and built a band saw, a hanging cross-cut saw, a wood sawing machine, an electric device for automatically balancing forces for the Mohr and Federgadr tensile testing machine, a diagrammatic device for a twisting machine in Riga and a crusher press, later called the "Gagarin press", as well as a device for testing the hardness of materials.

On January 7, 1900, by decree of Emperor Nicholas II, Andrei Grigorievich was appointed director of the newly founded St. Petersburg Polytechnic Institute. His candidacy was proposed by the same person who initiated the creation of the Polytechnic Institute itself—Russian Imperial Finance Minister Sergei Yulyevich Witte. Andrei Grigorievich also headed the institute's construction commission. Together with architect Ernest Franzevich Wirrikh, he made a special trip to Europe to become acquainted with the best foreign universities.

The decision to locate the St. Petersburg Polytechnic Institute on the outskirts of the city was no accident. The turn of the 19th and 20th centuries was a time of turmoil, and students played an active role in the revolutionary events. Therefore, the distance from the city allowed for greater oversight over them. The director's candidacy was closely scrutinized; it had to be beyond the ken of the state apparatus. And Andrei Grigorievich suited everyone well in this role.

He tried to strike a balance: on the one hand, he sided with the institute's students and faculty, while on the other, he tried to shield the university from problems and reassured his fellow polytechnicians as best he could. He lived with his family on campus, and when the police raided the dormitories at night, "our prince," as the students called him, would rush to their side to support them and protect them from potential abuse.

On February 27, 1907, the Polytechnic University campus was surrounded by infantry, artillery, cavalry, and Cossacks, supported by police officers. Searches were conducted. No arrests were made, but those "at the top" decided that the Polytechnic University director had failed to pacify the youth. A pretext was needed to fire Gagarin, and this pretext was found in the attic in the form of "bomb casings." On February 28, 1907, Prince Gagarin was removed from his post as director of the institute and brought to trial.

The investigation lasted two years. The Senate met on April 6, 1909. The trial was public, so almost all of the Polytechnic's students and professors attended. The Senate delivered its verdict: "by supreme command," expulsion from the position of director and deprivation of the right to enter and work in government and public service for three years.

After leaving the institute, Andrei Grigorievich immersed himself in science. On May 14, 1913, he defended his dissertation at the Polytechnic University for the title of Adjunct Professor in Applied Mechanics (Doctor of Engineering Sciences) on the topic: "Devices Providing the Relationship between Forces and Deformations During Impact."

In 1911, the Gagarins purchased a plot of land in the Porkhov district of the Pskov province, in the village of Kholomki, on the banks of the Shelon River. In June 1914, they built a house (Andrei Grigorievich himself, along with his sons and a farmer contractor). A month later, World War I began. A 15-bed hospital was opened on the estate. During this time, Gagarin was appointed a member of the Technical Artillery Committee in the optics department. From 1916 to May 1917, Andrei Grigorievich, together with Academician A.N. Krylov, served as an inspector in the Putilov Factory administration. In 1917, after the revolution, a scientific and experimental institute was established in Moscow under the Commissariat of Railways, and from June 1918, Andrei Grigorievich worked there as a senior designer. The Gagarin estate was nationalized and transferred first to the St. Petersburg House of Arts, and then to a sanatorium for tuberculosis patients. But in February 1920, by written order of Vladimir Lenin, Andrei Gagarin was allowed to move to Kholomki. The prince continued his scientific work for the benefit of the Soviet Republic. He died on December 22, 1920, on his 65th birthday.

At the Polytechnic University, we always remember Andrei Grigoryevich Gagarin, the institute's first director, an outstanding scientist and a man of high moral character, with deep respect and sincere affection. During his anniversary year, his brainchild is hosting events dedicated to him: virtual Andart exhibitions, concerts, opening of new museum exhibitionsAnd the trip to Kholomki is one in a series of such memorable events.

On the first evening in Kholomki, the Polytechnic delegation was treated to a screening of a documentary film broadcast by the Kultura TV channel about the fate of the estate and the life of Prince A.G. Gagarin and his family in the Porkhov region.

The next day, museum-reserve staff gave guests a tour of the estate and introduced them to an exhibition dedicated to Prince Gagarin. It features photographs, personal belongings, books, furniture and clothing, portraits, and reproductions of paintings. This collection provides an insight not only into the daily life and habits of the Gagarin family, but also into the Gagarin himself as a scientist and a man of broad interests and high culture.

After the tour, the delegation headed to the village of Belskoye Ustye to honor the memory of the university's founder. Archpriest Alexander Baranov, rector of the Church of the Ascension of the Lord, held a memorial service at the grave of Prince Andrei Grigoryevich Gagarin. The service was attended by graduates, students, and staff of the Polytechnic University from various generations, as well as Andrei Gagarin's great-great-granddaughter, Sofia Korotkova.

Following the service, a wreath from Peter the Great St. Petersburg Polytechnic University was laid at the tombstone, to which each participant added their own flowers, paying tribute to the memory of the university's first director.

The group then visited the Church of the Ascension of the Lord, where restoration work is currently underway with the support of the Polytechnic University.

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China's Vice Finance Minister: China will continue to increase fiscal spending in 2026

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, January 20 (Xinhua) — China will continue to pursue a more proactive fiscal policy in 2026, aiming to expand the overall volume, optimize the structure, improve efficiency, and enhance dynamism, Vice Minister of Finance Liao Min said on Tuesday.

Speaking at a press conference held by the State Council Information Office, he stressed that China's budget deficit, total debt and total expenditure for 2026 will be maintained at the required level to ensure an increase in the intensity of overall financial expenditure and strengthened support for key sectors. -0-

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D. Trump posted a picture of the US flag waving over Greenland.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

WASHINGTON, Jan. 20 (Xinhua) — U.S. President Donald Trump posted a picture on Truth Social on Tuesday showing him planting a U.S. flag in Greenland.

The image depicts him with US Vice President J.D. Vance and Secretary of State Marco Rubio. A sign is also visible in the image that reads, "Greenland, U.S. Territory, 2026."

That same day, Donald Trump posted another image. It shows him meeting with European leaders in the Oval Office, with a map behind him showing the United States, Canada, Greenland, and Venezuela, colored in the colors of the US flag.

D. Trump announced on Tuesday on the social network Truth Social that he had a phone conversation with NATO Secretary General Mark Rutte regarding Greenland.

"As I've already made clear to everyone, Greenland is of paramount importance to national and global security. There's no turning back. Everyone agrees on that!" he wrote.

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Breaking News: Russia-China Relations Are Unprecedented in Level and Depth – S. Lavrov

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Source: People's Republic of China – State Council News

Moscow, January 20 /Xinhua/ – Russian-Chinese relations can be considered unprecedented in both their level and depth, Russian Foreign Minister Sergey Lavrov emphasized. This was reported by TASS, citing a press conference summarizing Russian diplomatic activities in 2025.

“They are unprecedented in their level, in their depth, in the coincidence of positions regarding the development of the situation in Eurasia and in the global arena as a whole,” said S. Lavrov. –0–

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Combating crimes against humanity must be carried out in accordance with the UN Charter and international law, says Chinese diplomat

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Source: People's Republic of China – State Council News

UN, January 20 /Xinhua/ — The fight against crimes against humanity must be carried out in accordance with the UN Charter and the universally recognized principles and norms of international law, Sun Lei, Chargé d'Affaires of the Permanent Mission of the People's Republic of China to the UN, stated on Monday.

He made this statement at the first session of the Preparatory Committee of the UN Conference of Plenipotentiaries on the Prevention and Punishment of Crimes against Humanity.

The objective of this UN conference, scheduled for 2028 and 2029, is to develop a Convention on the Prevention and Punishment of Crimes against Humanity.

Sun Lei noted that in recent years, such crimes have become the subject of constant political manipulation. Under the pretext of fighting crime and protecting human rights, some states interfere in the internal affairs of other countries and commit armed aggression, grossly violating the spirit of international law and order, he explained.

"We recommend that the draft articles [of the convention] pay greater attention to respect for the sovereignty and territorial integrity of states, the prohibition of the use or threat of force, non-interference in internal affairs, and other principles of international law," he said. "They should also reflect norms of customary international law, such as respect for the immunity of state officials from jurisdiction."

Sun Lei believes that the definition of crimes against humanity is one of the key issues concerning the convention and should not be simply transferred from the Rome Statute.

International cooperation in combating crimes against humanity must take into account the specificities and differences in countries' legal systems, the Chinese diplomat noted, adding that flexibility and inclusiveness should be demonstrated in contentious issues. He also emphasized the need to fully respect national legal systems and discretionary powers.

China would like to emphasize that, according to the mandate of UN General Assembly resolution 79/122, the discussions of the Preparatory Committee and its working group do not constitute formal negotiations on the instrument, and the current draft articles do not constitute the original draft of the convention, Sun Lei said.

"The development of the Convention on the Prevention and Punishment of Crimes against Humanity is crucial to the collective interests of the international community and represents a major, systematic undertaking. All parties must approach this work with a sense of responsibility, respect each other's legitimate interests, and strive to achieve the broadest possible consensus," the Chinese diplomat noted.

He said China is willing to work with all parties to advance international cooperation in combating crimes against humanity, promote world peace, and uphold international justice and fairness.

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D. Trump threatened to impose 200 percent tariffs on French wines and champagne.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

WASHINGTON, Jan. 20 (Xinhua) — U.S. President Donald Trump said late Monday he might impose a 200 percent tariff on French wines and champagne.

Responding to a reporter's question about French President Emmanuel Macron's refusal to join his proposed "Peace Council" initiative, Trump said: "I will impose a 200 percent tariff on his wine and champagne, and he will join, but he is not obligated to join."

Citing anonymous sources close to E. Macron, media outlets reported that France intends to reject D. Trump's invitation, as the council's charter appears to go beyond overseeing the reconstruction of the Gaza Strip. –0–

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