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Ningbo-Zhoushan Port has become the world's first port with an annual cargo throughput of over 1.4 billion tons.

Translation. Region: Russian Federation –

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

In 2025, the port's cargo throughput exceeded 1.4 billion tons. This marks the 17th consecutive year that the port has maintained its position as the world's largest cargo throughput port, becoming the first port in the world to achieve this annual throughput figure. Photo by Xinhua News Agency correspondent.

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Over 85 billion cubic meters of water have been delivered via the first phase of the eastern and central routes of the Chinese mega-project to transfer water from south to north.

Translation. Region: Russian Federation –

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

YANGZHOU, JIANGSHU PROVINCE, Jan. 12 (Xinhua) — China's first phase of the central and eastern routes of the south-north water transfer project, the largest of its kind in the world, has supplied more than 85 billion cubic meters of water since the first phase of the two routes was put into operation, benefiting 195 million people living in 48 large and medium-sized cities along them.

This aerial photograph, taken by a drone, shows the Jiangdu Dam in the Yangzhou district of Jiangsu Province in eastern China, located at the start of the eastern route of the Chinese megaproject.

YANGZHOU, JIANGSHU PROVINCE, Jan. 12 (Xinhua) — China's first phase of the central and eastern routes of the south-north water transfer project, the largest of its kind in the world, has supplied more than 85 billion cubic meters of water since the first phase of the two routes was put into operation, benefiting 195 million people living in 48 large and medium-sized cities along them.

This aerial photograph, taken by a drone, shows the Jiangdu Dam in the Yangzhou district of Jiangsu Province in eastern China, located at the start of the eastern route of the Chinese megaproject.

YANGZHOU, JIANGSHU PROVINCE, Jan. 12 (Xinhua) — China's first phase of the central and eastern routes of the south-north water transfer project, the largest of its kind in the world, has supplied more than 85 billion cubic meters of water since the first phase of the two routes was put into operation, benefiting 195 million people living in 48 large and medium-sized cities along them.

This aerial photograph, taken by a drone, shows the Jiangdu Dam in the Yangzhou district of Jiangsu Province in eastern China, located at the start of the eastern route of the Chinese megaproject.

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Economy in Numbers: China's Multifaceted Development

Translation. Region: Russian Federation –

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

On January 7, several Chinese government agencies released a series of authoritative economic data. Let's use these latest figures to get a feel for the country's development momentum.

The annual volume of postal and courier shipments exceeded 200 billion units.

According to the State Postal Administration, last year, China's postal and courier industry revenue and shipment volume reached 1.8 trillion yuan and 216.5 billion units, respectively, up 6.4% and 11.5% year-on-year. China's delivery system has become more sophisticated, and express delivery service coverage in rural areas continues to expand. The "free delivery" zone for e-commerce goods in Xinjiang and Xizang is gradually expanding. Express delivery services in the country's western regions account for over 9.5% of the national total.

In December, the logistics business activity index reached its highest level for 2025.

According to the China Federation of Logistics and Purchasing, the PMI of China's logistics industry in December 2025 was 52.4%, up 1.5 percentage points from the previous month and the highest in a year. The average PMI for the entire year of 2025 was 50.8%, with the average values for the four quarters steadily increasing to 50.2%, 50.8%, 50.9%, and 51.3%, respectively. Full-year data show that the logistics industry in 2025 experienced a steady quarterly recovery, optimized development momentum, and operational growth.

The volume of gold and foreign exchange reserves at the end of December 2025 amounted to 3357.9 billion US dollars.

According to the State Administration of Foreign Exchange of the People's Republic of China, as of the end of December 2025, China's foreign exchange reserves amounted to US$3.357.9 trillion, an increase of US$11.5 billion or 0.34% compared with the figure recorded at the end of November 2025. The stable and positive development trend of the Chinese economy continues to strengthen and expand, the underlying trend of long-term positive economic growth and the underlying conditions for this have not changed, which contributes to maintaining a generally stable volume of foreign exchange reserves.

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Financial news: 12.01.2026, 10-21 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A107XB9 (VEBP-42) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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January 12, 2026, 10:21 AM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC) on 12.01.2026, 10:21 (Moscow time), the values of the lower limit of the price corridor (up to 97.2) and the range of market risk assessment (up to 936.94 rubles, equivalent to a rate of 15.0%) of the security RU000A107XB9 (VEBP-42) were changed.

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Post-holiday tax

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

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We remind you what will happen to your taxes now

From 2025, all simplified taxation systems will be formally recognized as VAT payers.

But for most people, it's all about revenue for 2025:

• If the income for 2025 is up to ₽20 million, there is no need to pay VAT in 2026

Release is automatic, without applications or declarations

But: VAT on imports and in the role of a tax agent remains

• If the income for 2025 is more than ₽20 million, from 2026 there will be an obligation to pay (calculate and declare) VAT

Further the thresholds will be lowered:

• for 2027 – ₽15 million

• for 2028 – ₽10 million

What is important for export and international transport

The 0% VAT rate remains in effect for:

• export of goods

• international transportation

• transport and forwarding services related to them

But the monetary result depends on which VAT regime is chosen.

If VAT is mandatory, there are two options:

• Regular rates (22%, 10%, 0%):

– it is possible to deduct “input” VAT

– with a 0% rate on exports and international transportation, VAT can be refunded

– more difficult accounting, but more profitable for logistics and foreign economic activity

• Special rates (5% or 7%):

– “input” VAT cannot be deducted

– even with a 0% rate on exports, there is no right to deduct “input” VAT, so a refund is impossible

– easier administration, but higher actual load

What special rates are available in 2026 (income adjusted for indexation):

• 5% – if income for 2025 is up to ~₽272 million

• 7% – if income is up to ~₽490 million

• above – only regular rates

The selected rate must be applied to all transactions.

And regarding the 0% rate, it is not an alternative, but an addition to the selected regime.

To use it, you need to confirm export or international transport with documents.

No documents within 180 days – VAT will be charged at the base rate

Publication date: 01/12/2026

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Financial news: 12.01.2026, 11-01 the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the OZPH (iOzonPharm) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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January 12, 2026, 11:01 AM

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 12.01.2026, 11-01 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -85.43%), the transfer rate and the range of interest rate risk assessment (up to -0.134 rubles, equivalent to a rate of 111.41%) for the OZPH (iOzonPharm) 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.

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Financial news: 12.01.2026, 11-39 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A106TV7 (VimpelK3R4) were changed.

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Source: Moscow Exchange – Moscow Exchange –

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January 12, 2026, 11:39 AM

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 12.01.2026, 11:39 (Moscow time), the values of the upper limit of the price corridor (up to 91.84) and the range of market risk assessment (up to 1002.54 rubles, equivalent to a rate of 18.75%) of the security RU000A106TV7 (VimpelK3R4) 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: Larisa Pavlova, Head of the Volga-Vyatka Main Branch of the Bank of Russia, is leaving her post (January 12, 2026)

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Source: Central Bank of Russia

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As of January 30, 2026, Larisa Valterovna Pavlova will leave her post due to retirement.

Larisa Pavlova dedicated over 40 years to working at the Bank of Russia. During her professional career, she rose through the ranks from an economist at a branch of the USSR State Bank to the head of the Volga-Vyatka Main Administration of the Bank of Russia and a member of the Bank of Russia's Board of Directors.

"Larisa Valterovna is a highly skilled professional and an outstanding organizer. She has a unique ability to assemble talented people on her team and create an environment where everyone can fully develop and reach new heights. That's why first Omsk and then Volgo-Vyatka became a true talent pool for the Bank of Russia. Even in the most challenging situations, when a manager faces difficult choices, Larisa Valterovna invariably maintains her humanity and sensitivity—a rare and invaluable quality in a true leader. She is open to new ideas, unafraid to take initiatives, and readily assumes responsibility for their implementation. I am grateful to Larisa Valterovna for her hard work, her wise leadership, and the solid foundations for the future that she has built day after day over many years," noted Bank of Russia Governor Elvira Nabiullina.

Vladimir Pavlovich Egorov has been appointed acting head of the Volga-Vyatka Main Administration of the Bank of Russia.

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

01/12/2026 12:11:00

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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Financial News: On the publication of RUSFAR indicator values on January 5, 2026

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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We inform you that on January 5, 2026, the values of the RUSFAR indicator, included in the register of administrators of the Bank of Russia indicators in accordance with the requirements of Federal Law No. 452-FZ dated December 13, 2024 "On Administrators of Financial and Commodity Indicators", as well as the indicators RUSFAR1W, RUSFAR2W, RUSFAR1M, RUSFAR3M, RUSFARCNY, RUSFARCN1W, RUSFARRT, RUSFAR1WRT, RUSFAR2WRT, RUSFAR1MRT, RUSFAR3MRT, RUSFARCNRT, RUSFARC1WR, RUSFARN, RUSFAR1WN, RUSFAR2WN, RUSFAR1MN, RUSFAR3MN, RUSFARCNN, RUSFARC1WN, were published on the Moscow Exchange website. Currently, information on the values of these indicators for January 5, 2026 has been removed from the website, since, in accordance with the calculation methods for these indicators, the calculation of indicator values is not performed if the first or second part of the repo transactions used to calculate the indicators falls on a trading non-working day.

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

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Financial news: 12.01.2026, 12-55 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JWV89 (Akron B1P1) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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January 12, 2026, 12:55 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 12.01.2026, 12:55 (Moscow time), the values of the upper limit of the price corridor (up to 99.09) and the range of market risk assessment (up to 1037.36 rubles, equivalent to a rate of 10.0%) for security RU000A0JWV89 (Akron B1P1) 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.