Sobyanin: The Defense Ministry's air defense forces shot down two drones flying toward Moscow.

Translation. Region: Russian Federation –

Source: Moscow Government – Moscow Government –

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The Defense Ministry's air defense forces shot down two drones flying toward Moscow. Sergei Sobyanin announced this on his channel inMAX messenger.

"Emergency services are working at the site of the fallen debris," the Moscow Mayor wrote.

Source: Sergei Sobyanin's channel inMAX messenger

Subscribe to Sergei Sobyanin's official channels on messengers MAX AndTelegram.

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 holding auctions on December 10, 2025, to place OFZ issues No. 26252RMFS and No. 26254RMFS.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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For bidders

We inform you that, based on a letter from the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Trading on the Stock Market, Deposit Market, and Loan Market of Moscow Exchange PJSC, the order establishes the form, time, duration, and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26252RMFS from October 17, 2025
Date of the auction December 10, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26252RMFS5
ISIN code RU000A10D4Y2
Settlement code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26254RMFS from October 17, 2025
Date of the auction December 10, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26254RMFS1
ISIN code RU000A10D533
Settlement code B01
Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 12:00–12:30; bid execution period: 13:00–18:00.

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.

A sense of pride: GUU students visited an exhibition in honor of the Great Victory

Translation. Region: Russian Federation –

Source: Official website of the State –

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Students from the State University of Management visited the large-scale exhibition "Great Victory. Russia – My History" at the Manezh Central Exhibition Complex, dedicated to the 80th anniversary of Victory in the Great Patriotic War.

First-year students majoring in Advertising and Public Relations, accompanied by instructors Alexandra Timokhovich and Elena Dianina, were introduced to historical artifacts spanning the period from the Nazi invasion of the USSR to the end of World War II. They also saw the personal belongings of World War II heroes, original government decrees, and documents attesting to the atrocities committed by the invaders and the horrific treatment of Soviet prisoners of war and civilians by the occupiers.

"The exhibition space is modern and interactive. Touch tables, video panels, 3D models, and sound immerse us in the atmosphere of the war years. We explored letters, maps, and biographies of the heroes and victims of German expansion. We saw symbolic 125 grams of bread from the Siege of Leningrad and a reconstruction of the hall where the Nuremberg Trials took place. The multimedia tools not only allowed us to explore specific topics in detail but also evoked a sense of emotional engagement and empathy," noted first-year student Daria Kozyrenko.

The exhibition contains more than 700 unique exhibits and over 500 archival documents, and is presented in 15 thematic halls. As visitors move through them, they sequentially explore the main periods of the war.

"I was deeply impressed by Zoya Kosmodemyanskaya's diary and the items found on the concentration camp grounds—children's clothes, boots, a doll… We were literally immersed in the tragic events of our history. The Victory Banner hoisted over the Reichstag logically concludes the exhibition route. We felt a sense of pride in being the descendants of the people who achieved the Great Victory," shared first-year student Valentina Menshchikova.

Subscribe to the "Our GUU" Telegram channel. Publication date: December 9, 2025.

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 December 10, 2025, JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is 10.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 2,235,000,000. Placement term, days – 41. Date of depositing funds is 10.12.2025. Date of return of funds is 20.01.2026. Minimum placement interest rate, % per annum is 15.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 2,235,000,000. 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 10:30 to 10:40. Competitive bids from 10:40 to 10:50. The cutoff percentage may be set or the auction may be declared void by 11:30. 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.

How RUDN University grant competitions help university scientists create new devices and technologies

Translation. Region: Russian Federation –

Source: Peoples'Friendship University of Russia

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In 2021, RUDN University launched a grant support system for young scientists and research teams. Since then, 247 teams from various institutes and faculties, including some from outside the university, have participated.

"The strategic goal of the grant support system is to create and develop RUDN University's own human resources and scientific capacity for conducting research, including through external funding. The system's philosophy is to cultivate talent from student to leading scientist," says Andrey Melnikov, Head of the Department of Scientific and Technical Programs, Grants, and Projects at RUDN University's Research Department.

Project evaluation criteria

Currently, competitions are divided by areas (fundamental and applied) and fields of science (natural sciences and social sciences and humanities).

This year, the number of applications submitted for the competition increased by 50% compared to 2024, from 36 to 53. The most active were representatives of the Faculty of Humanities and Social Sciences and the Institute of Innovative Engineering Technologies, each department submitting six applications. The Faculty of Economics and the Faculty of Philology also made the top three in terms of number of applications.

As for the grant support categories, 13 applications were received for the competition for research teams led by young scientists (D-1), 21 for the competition for research teams led by leading scientists (D-2), and 19 for the competition for young scientists (R.1).

All applications are first reviewed for compliance with formal requirements, including minimum performance indicators, the percentage of planned funding, and so on. Projects are then submitted to independent external experts. They evaluate the work based on seven criteria, including the relevance of the topic, the scientific novelty of the research, its theoretical and practical significance, and whether the research and expected results are world-class.

"Each project must be aimed at solving specific problems in one of the areas of the Russian Federation's Scientific and Technological Development Strategy. For example, the Faculty of Physics, Mathematics, and Natural Sciences leads in the areas of 'Transition to advanced digital and intelligent manufacturing technologies, robotic systems, new materials and design methods…' and 'Transition to personalized medicine, high-tech healthcare, and health-preserving technologies.' Meanwhile, the Faculty of Humanities and Social Sciences most often submits applications in the areas of 'Possibility of an effective response by Russian society to major challenges, taking into account the interaction between humans and nature' and 'Countering sociocultural threats,'" says Andrey Melnikov.

Funding for research projects has increased approximately 1.5-2 times over the past five years. This year, RUDN allocated 107 million rubles to support winners across all competitions. The maximum grant amount for each competition is:

D-1 — 6 million rubles; D.2 — 8 million rubles; R.1 — 3 million rubles.

Innovative development

The results of the latest competition are still awaited, but for now, one of the winners of the previous competition, Kirill Zubarev, shared details of his project with us. According to the scientist, his project involves conducting research in the field of construction, or more specifically, developing an innovative device for determining the thermal resistance of building envelopes.

"It took two years from the concept to the actual project. The idea of upgrading the device first arose at a scientific conference, where specialists discussed the challenges of measuring thermal resistance. Then came the search for information, literature review, and meetings and discussions with people working on experimental determination of thermal resistance, including manufacturers. Two years ago, the concept of the work had already been formulated, and I decided to create a team to implement it," says Kirill Zubarev, project manager, leading researcher, and associate professor at RUDN University.

As the scientist noted, several approaches are currently used to determine the thermal resistance of building walls: calculations using engineering formulas, mathematical modeling, laboratory experiments, and field studies. A number of similar devices from Russian and foreign developers exist.

"The device being developed at RUDN University will achieve higher measurement accuracy through a combined approach: it will simultaneously utilize modern computing systems, artificial intelligence algorithms, and new materials and technologies for device design. In terms of practical application, imagine you've designed and calculated a building. Once it's built, the question arises: how do you verify that it meets the design specifications? To ensure construction quality control, an on-site inspection is conducted—specialists visit the completed facility, measure its thermal resistance, and compare the results with the design values. This ensures the quality of the thermal envelope of buildings and structures under construction. Our project involves developing a device that will improve this control," says Kirill Zubarev.

According to Kirill, in 2025, the grant funds were invested in a specialized computer with very high power and performance. Scientists are currently using it to perform calculations, select the device's geometry, and strive to capture the physics of the processes in as much detail as possible. In 2026, the funds will be used to purchase materials, components, and sensors for the production and testing of a prototype.

"We've already developed a concept for the device, calculations are being made to refine its geometric dimensions, and negotiations are underway with suppliers to procure the necessary materials and sensors. We plan to begin testing the device by the end of next year. I envision the end result as a device that will be portable, convenient, and lightweight, while also being more accurate than existing analogs. Perhaps in the future, either the device itself or the concepts behind it will be used in the construction industry to verify the quality of building insulation installations," says Kirill Zubarev.

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.

Russian Railways and the Port of Novorossiysk: the national project launches a 70 billion ruble "docking" project.

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

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Investments by 2030 will be directed toward laying 50 km of track and modernizing the energy system to synchronize the growth of port capacity with Russian Railways' capabilities.

At a briefing with his deputies, Prime Minister Mikhail Mishustin announced the allocation of nearly 70 billion rubles by 2030 to expand the railway infrastructure leading to the Novorossiysk seaport.

Funds will be allocated under the national project for the construction of approximately 50 kilometers of new track over the next five years. This year alone, approximately 400 million rubles will be allocated for the advanced construction of the railway yard, the reconstruction of the traction substation, and the main track.

This decision is part of a large-scale state program to develop new logistics routes and increase highway capacity. As Mishustin noted, the goal is to ensure reliable product supplies and create comfortable conditions for the movement of goods and passengers throughout the country.

Novorossiysk, as Russia's key seaport on the Black Sea, plays a strategic role in export-import operations, and expanding its land connectivity directly impacts the capacity of the entire transport hub.

As a reminder, the government recently required stevedores to organize and pay for underwater inspections of the bottoms of foreign vessels for explosives. The new regulations come in the wake of incidents indicating external interference recorded in 2025 at a number of ports, including Ust-Luga. LR

Read more:http://logirus.ru/nevs/infrastructure/rzd_i_port_novorossiysk_national project_launches_docking_at_70_billion.html

Publication date: 12/09/2025

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.

Financial news: Cryptocurrency futures trading volume on the Moscow Exchange reached a record 49 billion rubles in November.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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The total trading volume on the Moscow Exchange derivatives market at the end of November 2025 amounted to 11.7 trillion rubles (15.8% compared to November 2024). The volume of open positions on the exchange-traded derivatives market at the end of the month amounted to over 2.7 trillion rubles (22.7% compared to November 2024).

In November, more than 135,000 unique clients (16% of November 2024) traded futures and options on the Moscow Exchange, with more than 190,000 active accounts. The share of individuals in the total volume of exchange-traded derivatives trading was 54.8%.

Commodity futures transactions accounted for the largest share of retail transactions at 43.8%. Index and stock derivatives accounted for 31.1%, and currency derivatives accounted for 25.1%.

Top 10 most popular instruments in individuals' portfoliosyu1sch As of the end of November: quarterly and perpetual futures on the US dollar-Russian ruble (Si and USDRUBF) and Chinese yuan-Russian ruble (CNY and CNYRUBF) currency pairs, perpetual and quarterly futures on the Moscow Exchange IMOEX index (MIX, MXI and IMOEXF), quarterly futures on gold and silver (GOLD and SILV), and natural gas futures (NG).

The evening trading session accounted for 19% of total trading volume on the derivatives market. Morning trading in October accounted for 6% of total volume. On weekends, the average daily trading volume on the derivatives market amounted to 7.4 billion rubles.

High volatility in cryptocurrency markets has driven increased interest among qualified investors in digital asset derivatives on the Moscow Exchange. As a result, trading volume for these futures reached an all-time high in November, reaching 48.7 billion rubles since the contracts' launch.

The trading volume of futures on shares of the IBIT Trust ETF (IBIT) investment fund was 29.3 billion rubles (21.4 billion rubles in October 2025). The trading volume of futures on shares of the ETHA Trust ETF (ETHA) investment fund was 10.4 billion rubles (6.6 billion rubles in October 2025).

Also in November, the Moscow Exchange's derivatives market began Cryptocurrency index futures trading (BTC, ETH)The trading volume of new instruments in November exceeded 9 billion rubles, open positions amounted to 2.3 billion rubles, and the number of active unique clients reached 7.7 thousand.

The Moscow Exchange Derivatives Market is the leading derivatives trading platform in Russia and Eastern Europe, combining advanced infrastructure, reliability, and guarantees, as well as state-of-the-art futures and options trading technologies. Today, the Moscow Exchange derivatives market trades 41 stock options, 3 currency options, a gold option, an index option, and over 150 futures contracts and options on them, with underlying assets including stock indices, stocks, currency pairs, precious and industrial metals, oil, gas, and other commodities, as well as interest rates.

yu1sch The calculation is based on the number of unique individuals with open positions in the specified instruments. Media contact information: 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.

Financial news: Growth of the credit union sector driven by cooperatives associated with microfinance organizations: third-quarter results.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In the third quarter of 2025, the volume of loans issued by consumer credit cooperatives (CCCs) increased for the first time since the beginning of the year (35% compared to the previous quarter). Consumer loans issued were almost seven times higher than in the same period last year, and the total number of shareholders increased to 498,000.

The overall market loan portfolio increased slightly. The exclusion of a large number of cooperatives from the state register for violating legal requirements, as well as the rapid turnover of short-term loans, were constraints.

The increased activity in the credit union sector is driven by this year's tightening of microfinance regulation, including the introduction of macroprudential limits on car loans for microfinance organizations and a requirement to verify the presence of self-exclusions when issuing loans. Against this backdrop, companies are exploring the possibility of diversifying their businesses. The Bank of Russia is constantly monitoring emerging market practices. If instances of unfair use of regulatory arbitrage are identified, the Bank of Russia will take measures to prevent them.

Read more in the review Trends in the Consumer Credit Cooperative Market.

Preview photo: P Maxwell Photography / Shutterstock / Fotodom

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Financial news: On December 9, 2025, the Territorial Development Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is December 9, 2025. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 900,000,000. The placement period is 7 days. The date of deposit is December 9, 2025. The date of return of funds is December 16, 2025. The minimum placement interest rate, % per annum is 16.5. The terms of the conclusion are fixed-term or special (fixed-term).

The minimum amount of funds placed per application (in the placement currency) is 900,000,000. The maximum number of applications from one Participant is 1. Auction format: open or closed (Open). The basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 11:30 to 11:40. Applications in competitive mode from 11:40 to 11:45. Setting the cutoff rate or declaring the auction void before 11:55. Additional terms.

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 December 9, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is 09.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 300,000,000. Placement period, days – 177. Date of depositing funds is 09.12.2025. Date of return of funds is 04.06.2026. Minimum placement interest rate, % per annum is 15.9. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 300,000,000. 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 11:30 to 11:40. Competitive applications from 11:40 to 11:45. Setting the cutoff interest rate or declaring the auction invalid before 11:55. 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.

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.