The Spectrum of Innovations Accelerator: The best projects were identified at Demo Day.

Translation. Region: Russian Federation –

Source: Official website of the State –

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The State University of Management held a Demo Day for the "Spectrum of Innovations" acceleration program, where the best projects were announced. The event became a key gathering point for the innovation community, bringing together representatives of leading partner companies, development institutions, and experts.

Over the course of several months, program participants underwent an intensive educational program aimed at developing innovative products.

The accelerator, implemented as part of the federal project "Technologies" of the national project "Efficient and Competitive Economy" of the state program "Scientific and Technological Development of the Russian Federation," provided comprehensive support to project teams and student initiatives.

In total, participants developed approximately 70 business ideas during the accelerator, and approximately 400 people completed the educational program. The program included workshops, educational modules, direct interaction with partners, and other activities aimed at developing entrepreneurial competencies.

At the final event, experts were presented with the most developed projects covering three promising markets: FoodNet, SportNet, and AutoNet. Among the solutions that were presented were services for logistics optimization, car service selection, and parking space rental, the development of a smart bottle and specialized drinks for athletes, projects in gaming technology, and next-generation service stations.

The Demo Day expert jury included representatives of key program partners: Sberbank Moscow Bank, Elinar Holding Company, Arktika Trading House LLC, Chibo Park LLC, Tablogix LLC, Dream Auto LLC, and Turbokomplekt JSC. Also participating in the project evaluation were ANO Human Capital Development, Phoenix Sports Club, the Kaluga Region Agency for Innovative Development, and partners from Open Innovations Startup Studio LLC.

Following the Demo Day, all finalist teams received nominations from the organizers, and some projects received valuable prizes from partners. The top three winners were:

1st place: P2P parking service "Zaparkuy" (Robert Eremyan, Maxim Zhilyaev, Vita Kobycheva, Dmitry Leskov, Polina Roskina, Ilya Cheplya);

2nd place: RICE – a specialized AI-based platform for marketing automation and promotion in the confectionery business (Snezhanna Belova, Alexander Spirin, Alevtina Maryenko, Dilyara Mlyukova);

3rd place: SpeachGame – an import-independent messenger product for all types of gamers (Efim Kreslavsky, Egor Ryakhovsky).

The head of the acceleration program, Vice-Rector of the State University of Management, Dmitry Bryukhanov, highly praised the results achieved:

"The Demo Day was a fitting conclusion to the program. We thank our partners for their investment in the development of our projects and students. Without them, we would not have achieved such results. Going forward, we will continue to refine the program and strive to support projects that address today's most pressing challenges."

The "Spectrum of Innovations" acceleration program has confirmed its status as an effective platform for generating and developing promising technological projects, strengthening ties between the region's educational environment, business, and development institutions.

Subscribe to the "Our GUU" Telegram channel. Publication date: December 15, 2025.

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Financial news: On the conditions of trading during the New Year holidays.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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We inform you that in connection with the conduct of trading on the stock market, deposit market and credit market during the New Year holidays on January 5, 6, 8 and 9, 2026, in accordance with the Rules for conducting trading on the stock market and deposit market of PJSC Moscow Exchange MICEX-RTS, the following has been established:

Trading on the stock market, deposit market and loan market of Moscow Exchange PJSC on January 5, 6, 8 and 9, 2026 in all the listed Sections shall be carried out taking into account the additional conditions for trading on the stock market, deposit market and loan market established by Order No. MB-P-2024-4891 dated December 1, 2025, additional conditions for trading on the bond market established by Orders No. MB-P-2025-4891 dated December 1, 2025 and No. MB-P-2025-4982 dated December 5, 2025, including the start and end times of trading in individual Trading Modes established by Order No. MB-P-2025-4891 dated December 1, 2025. The settlement price for On January 5, 6, 8 and 9, 2026, for all securities admitted to trading in the Interdealer REPO Trading Mode, the settlement price determined based on the results of trading on December 29, 2025, shall be accepted in accordance with the procedure set out in paragraph 1.3 of the Additional Terms and Conditions for Trading on the Stock Market, Deposit Market and Credit Market, approved by Order No. MB-P-2025-4891 dated December 1, 2025. The settlement price for January 12, 2026 for all securities admitted to trading in the Interdealer REPO trading mode shall be the settlement price determined based on the results of trading on December 30, 2025, in accordance with the procedure set forth in paragraph 1.3 of the Additional Terms and Conditions for Trading on the Stock Market, Deposit Market, and Credit Market, approved by Order No. MB-P-2025-4891 dated December 1, 2025. For REPO transactions concluded in the Interdealer REPO trading mode, compensation contributions on January 5, 6, 8, and 9, 2026 are not calculated. Contact information for the media: 7 (495) 363-3232PR@moex.com

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RUDN University medical students won the International Festival of Student Science and High Art

Translation. Region: Russian Federation –

Source: Peoples'Friendship University of Russia

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RUDN University medical students won prizes and runners-up at the first International Festival of Student Science and High Art, held at Omsk State Medical University. The event, organized as part of the Decade of Science and Technology in the Russian Federation, was jointly hosted by the Omsk State Medical University's Department of Orthopedic Dentistry and our university's Department of Orthopedic Dentistry.

The festival became a living embodiment of the thesis "dental science and practice as art." It provided a platform for mastering and demonstrating diagnostic methods and manual skills using digital technology, combined with immersion in the world of music and fine art.

Six student teams from universities in Perm, Yekaterinburg, Moscow (RUDN University), Almaty, Novosibirsk, and Omsk participated in the festival competition. A distinguished jury comprised of leading experts in orthopedic dentistry evaluated the participants' work. Among them were Igor Lebedenko, Head of the Department of Orthopedic Dentistry at RUDN University, and Vitaly Parunov, Professor of the same department.

Dentistry and Tchaikovsky

The first day's program included a presentation of the universities' business cards and a student olympiad. Participants demonstrated their skills in digital diagnostics of the functional state of the dental system, stomatoscopy, and manual tasks such as making a silicone key, preparation, photodiagnostics, taking optical impressions, and making temporary crowns. The festival's evening program introduced guests to the Omsk Symphony Orchestra, which performed works by P.I. Tchaikovsky, G.V. Sviridov, and A.P. Petrov. On the second day, a student research paper competition took place, where young researchers presented works reflecting contemporary trends in science and practice. The festival concluded with the opening of an exhibition of selected graphic works from the collection of Professor A.A. Stafeev, "From the Great Piranesi to the Art Deco Genius Erté." The House of Artists featured over 100 original works, ranging from etchings by Giovanni Battista Piranesi to works by Art Deco artists, allowing participants to experience high art.

Among the best

RUDN University students demonstrated excellent results in the individual competition at the festival:

Elizaveta Kovrizhkina, a fifth-year Dentistry student, took first place in the "Temporary Crown Fabrication" category. Valeria Maltseva, a fifth-year Dentistry student, took third place in the "Tooth Preparation" category.

The winners shared their impressions.

"Some stages of the competition were a revelation for me: we were tested on our interdisciplinary thinking and creativity. We had practiced our manual skills in orthopedic dentistry many times in our departmental classes, so we were prepared to present our work with distinction. The unfamiliar environment and the new team were nerve-wracking, but once we became friends with all the participants, the atmosphere became very warm. I was surprised to see healthy competition and even friendships develop between all the participants," says Elizaveta Kovrizhkina.

"I went to the festival primarily wanting to test my skills. The atmosphere was amazing: so many talented, friendly, and passionate people! I developed good, trusting relationships with everyone. I hope to see them again! Winning a prize in dissection is a huge honor for me and motivates me to continue developing. The only challenge during this task was finding the balance between under-dissecting and over-dissecting. This was the only thing that caused a little anxiety: you're not imagining a phantom, but a real person who has approached you with a problem, and your main goal is to help them," says Valeria Maltseva.

All competition participants and winners were awarded diplomas, valuable gifts, and books published by leading Russian professors. RUDN University is proud of its contribution to the event and the achievements of its students.

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Financial news: 12/15/2025, 14-11, the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the LEAS (Europlan) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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December 15, 2025

14:11

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 15.12.2025, 14-11 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -151.01%), the transfer rate and the range of interest rate risk assessment (up to -2.76 rubles, equivalent to a rate of 183.7%) of the LEAS (Europlan) 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.

Financial news: On 12/15/2025, at 14:05, the values of the lower limit of the repo price corridor, the carry rate, and the range for assessing interest rate risks for the LEAS (Europlan) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 15, 2025

14:05

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 15.12.2025, 14-05 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -131.79%), the transfer rate and the range of interest rate risk assessment (up to -2.41 rubles, equivalent to a rate of 162.56%) of the LEAS (Europlan) 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.

Financial news: New bases for calculating stock indices for companies with state participation and regulated activities have been approved.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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The calculation bases for the indices of shares of state-owned companies and companies with regulated activities of the Moscow Exchange have been approved; they will be in effect from January 5 to December 31, 2026.

The calculation base for the State-Owned Companies Index will include ordinary shares of DOM.RF PJSC, while the calculation base for the Regulated Companies Index will remain unchanged.

The calculation basis for the Moscow Exchange Index of shares of companies with state participation:

No. Code Name
1 AFLT PJSC Aeroflot, JSC
2 ALRS AK "ALROSA" (PJSC), JSC
3 DOMRF PJSC “DOM.RF”, JSC
4 FEES PJSC FGC UES – Rosseti, JSC
5 GAZP PAO Gazprom, JSC
6 HYDR PJSC RusHydro, JSC
7 IRAO PJSC Inter RAO, JSC
8 NMTP PJSC "NCSP", JSC
9 ROSN PJSC NK Rosneft, JSC
10 RTKM PJSC Rostelecom, JSC
11 SBER PJSC Sberbank of Russia, JSC
12 SIBN PAO Gazprom Neft, JSC
13 TATN PJSC Tatneft named after V.D. Shashin, JSC
14 TRNFP PJSC "AK "Transneft", ap
15 UNAC PJSC "UAC", JSC
16 VTBR PAO Bank VTB, JSC

The calculation basis for the Moscow Exchange Index of shares of companies with regulated activities:

No. Code Name
1 FEES PJSC FGC UES – Rosseti, JSC
2 LSNG PJSC Lenenergo, JSC
3 MRKC PJSC Rosseti Centre, JSC
4 MRKK PJSC Rosseti North Caucasus, JSC
5 MRKP PJSC Rosseti Centre and Volga Region, JSC
6 MRKS PJSC Rosseti Siberia, JSC
7 MRKU PJSC Rosseti Ural, JSC
8 MRKV PJSC Rosseti Volga, JSC
9 MRKY PJSC Rosseti Yug, JSC
10 MRKZ PJSC Rosseti North-West, JSC
11 MSRS PJSC "MOESK", JSC
12 NMTP PJSC "NCSP", JSC
13 RTKM PJSC Rostelecom, JSC
14 TORS PJSC Tomsk Distribution Company, JSC
15 TRNFP PJSC "AK "Transneft", ap
16 TTLK PJSC “Tattelecom”, JSC

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

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December 15, 2025. 400 cruises in Russia with discounts of up to 15%. New Year's Fair promotion: 28 ships and 21 departure cities for your 2026 trip.

Translation. Region: Russian Federation –

Source: Infoflot Cruise Center – Infoflot Cruise Center –

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Dear friends,

From December 15, 2025, to January 13, 2026, we invite you to our New Year's Cruise Fair! Explore over 400 routes along the Volga, Don, and Kama rivers, to the Solovetsky Islands, and to Lake Baikal in summer, with discounts of up to 15%.

21 departure cities: Moscow, St. Petersburg, Kazan, Nizhny Novgorod, Samara, Saratov, Yaroslavl, Kostroma, Gorodets, Zavidovo, Perm, Rostov-on-Don, Volgograd, Astrakhan, Petrozavodsk, Cherepovets, Irkutsk, Krasnoyarsk, Dudinka, Ufa and Ulan-Ude.

Motor ships: "Mustai Karim", "Nikolai Zharkov", "Maxim Gorky", "Alexander Pushkin", "Konstantin Korotkov", "Leo Tolstoy", "Mstislav Rostropovich", "Nizhny Novgorod", "Nikolai Chernyshevsky", "Saint Petersburg", "Alexander Radishchev", "Alexander Suvorov", "Vissarion Belinsky", "Georgy Zhukov", "Georgy Chicherin", "Zosima Shashkov", "Konstantin Simonov", "Lenin", "Leonid Sobolev", "Mikhail Frunze", "Rus", "Semyon Budyonny", "Sergey Kuchkin", "Konstantin Fedin", "Felix Dzerzhinsky", "Yuri Andropov", "Kronstadt" and the hovercraft "Biryusa".

Discounts of up to 15% are valid on selected cruises for the 2026 navigation season. The cruise prices on our website include the current promotional offer for this voyage; for new bookings only, the offer cannot be combined with other discounts and promotions specified for the voyage. Two payment options: 100% during the promotional period (from December 15, 2025 to January 13, 2026) or 70% before January 13, 2026, with the remaining 30% due 45 days before the cruise.

The operating company reserves the right to change the list of flights and the amount of the discount.

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Financial news: On December 16, 2025, JSC KAVKAZ.RF will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is 16.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 140,000,000. Placement term, days – 8. Date of depositing funds is 17.12.2025. Date of return of funds is 25.12.2025. Minimum placement interest rate, % per annum is 16. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 140,000,000. 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 10:00 to 10:10. Competitive bids from 10:10 to 10:15. The cutoff percentage may be set or the auction may be declared void by 10:25. Additional terms and conditions.

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Financial news: On December 15, 2025, the Moscow Small Business Lending Assistance 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 12/15/2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,200,000,000. Placement term, days 364. Date of depositing funds is 12/16/2025. Date of return of funds is 12/15/2026. Minimum placement interest rate, % per annum is 14.6. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,200,000,000. 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 applications from 12:10 to 12:20. Competitive applications from 12:20 to 12:25. Setting the cutoff interest rate or declaring the auction invalid before 12:40. Additional terms and conditions – Placement of funds with the option of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for the placement of funds of the Moscow Small Business Lending Promotion Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

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Time is running out: airlines are seeking a new deadline to “legalize” their imported fleet.

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

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Airlines are asking for special status for 400 Airbus and Boeing aircraft. The issue isn't leasing, but rather guarantees for the stability of key cargo and passenger routes.

The Air Transport Operators Association (ATO) has appealed to the Ministry of Transport and the Ministry of Finance to extend the validity of government decree No. 412, a key industry regulation that ensures the legal operation of imported aircraft. This was reported by Vedomosti, citing the association's letter dated December 4.

The document, which allows Russian airlines not to return Airbus, Boeing, and Embraer aircraft to foreign lessors and establishes a special payment procedure, was initially valid until the end of 2024, but was later extended until December 31, 2026. The Association of Air Transport Operators (AEVT), without specifying a specific deadline, insists on a further extension, emphasizing that foreign aircraft remain the backbone of passenger transportation in Russia, and a significant portion of them were acquired through leases.

A Ministry of Transport representative confirmed receipt of the request and promised to respond. Aeroflot, Ural Airlines, Smartavia, and Azur Air, as well as the Ministry of Finance, did not comment on the publication's inquiries at the time of publication. Resolution No. 412 serves as the legal basis for managing imported aircraft under sanctions. It not only froze demands for the return of aircraft but also introduced a special payment mechanism through ruble-denominated Type C accounts in Russian banks. Furthermore, the document allows aircraft to be serviced and repaired without the approvals and original spare parts from Western manufacturers that are normally required. Export of such aircraft is permitted only with the approval of the government's Commission for Control over Foreign Investments.

While the decree is in effect, the insurance settlement process continues, transferring ownership of the aircraft from foreign lessors to Russian entities. A key role here is played by NLK-Finance, a leasing company under the Federal Air Transport Agency (Rosaviatsiya), which purchases the aircraft and leases them to domestic air carriers. This frees the airlines from claims under previous leasing agreements and insurance policies. The transaction is partially financed by funds from the National Welfare Fund, issued to NLK at 1.5% per annum for 15 years, with participating airlines also contributing their profits to the purchase.

According to Reuters, approximately 400 aircraft belonging to Western lessors remained in Russia after the imposition of sanctions. By mid-2025, according to Kommersant, settlements had been completed or were in the final stages for 208 aircraft, with the total cost of this process exceeding 460 billion rubles. Aeroflot Group, for example, plans to complete transactions for 36 aircraft by the end of 2025, totaling $1.1 billion.

Experts consider the issue of extending the decree strategic for the industry. A source at one airline told Vedomosti that such a decision is inevitable. S7 Airlines, however, sees no reason for disruptions to its flight schedule even if the document is not extended, citing its own experience in resolving the legal status of its fleet. Oleg Panteleev, Executive Director of the Aviaport agency, believes extending the mechanism for another three years is justified, but considers an indefinite extension inappropriate. He believes that a civilized legal framework for the current situation is necessary, especially in light of Rostec's statements that foreign aircraft manufacturers are unlikely to return to the Russian market and that the future of domestic air travel lies with a fleet of Russian aircraft.

As a reminder, Russian cargo airlines are predicting the risk of a complete grounding of their aircraft and forced withdrawal from the market within the next three to five years. Market participants voiced this assessment at a roundtable discussion at the Civic Chamber of the Russian Federation, highlighting a range of critical issues: a rapidly shrinking and aging fleet, a severe shortage of spare parts and personnel, lengthy repair queues, and unequal competition with foreign carriers. LR

Read more:http://logirus.ru/nevs/transport/time_running out_airlines_are seeking_a new_deadline_for_legalization_of_import_fleet.html

Publication date: 12/15/2025

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.