What's in a name: 35 years since Nizhny Novgorod ceased to be Gorky

Translation. Region: Russian Federation –

Source: Official website of the State –

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On October 22, 1990, Nizhny Novgorod was restored to its historical name. Why was the city renamed in the first place, and what did the great writer Maxim Gorky think about it?

The merchant capital celebrated by Ostrovsky's genius was founded in 1221 at the confluence of the Volga and Oka rivers by Prince Yuri (George) Vsevolodovich as a stronghold for defending the Russian borders from the Mordvins, Cheremis, and Tatars. Historians believe the city was named Nizhny due to its location in the "lower" lands relative to Novgorod the Great.

Impregnable fortress

For many decades, beginning in the late 15th century, Nizhny Novgorod was a reliable stronghold of Moscow in its struggle for the great river route. During this time, a stone Kremlin was built here, from whose walls, in the winter of 1612, a militia led by Kozma Minin and Dmitry Pozharsky set out to fight the Polish-Lithuanian invaders. The city's calling card is Strelka, the confluence of the Oka and Volga rivers. In the Middle Ages, this was the center of the Strelitsky camp, hence the name.

From all over the country, goods were delivered here by watercraft to the famous Novgorod Fair, also known as the "pocket of Russia." The largest commodity trades were held here, and the Gostiny Dvor (trading yard) housed over 2,500 shops. It is no surprise that in the 18th century, Nizhny Novgorod became an important administrative center: from 1714, it became the provincial center, and from 1779 to 1796, it was the center of the entire Nizhny Novgorod Viceroyalty.

To the writer – from the people

In 1932, the entire Soviet Union celebrated the 40th anniversary of the creative work of the first proletarian writer, Maxim Gorky, who was born in Nizhny Novgorod and spent his difficult youth there. He later recounted this period in the first two parts of his autobiographical trilogy, "Childhood. Among People. My Universities."

For his literary services to the working class and workers, the Central Executive Committee of the USSR decided to award the writer the Order of Lenin and name a central Moscow street after him, establish 100 named prizes, create postage stamps, etc.

The people didn't remain on the sidelines: on August 26, 1932, at a ceremonial joint plenum of the regional committee of the All-Union Communist Party (Bolsheviks), the executive committee, the city party committee, and the Soviet, worker Ovsyannikov proposed naming Nizhny Novgorod after his fellow countryman. Factory workers who spoke next supported the idea.

Less than two weeks had passed before the Central Executive Committee of the USSR granted the request of the plenum participants: on October 7, 1932, Nizhny Novgorod became Gorky.

It's worth noting that the writer himself wasn't pleased with this honor. In a letter to Fyodor Khitrovsky, a Nizhny Novgorod journalist and local historian, Maxim Gorky wrote on February 19, 1933, from Sorrento: "Today, for the first time, I wrote Gorky on an envelope instead of Nizhny Novgorod. It's very awkward and unpleasant."

Back to the roots

The question of restoring the historical name arose in the 1950s, when Nikita Khrushchev, arriving in Gorky, called its residents Nizhny Novgorodians.

In July 1987, at the 5th All-Russian Congress of the Society for the Preservation of Historical and Cultural Monuments, artist Israel Ashkenazi proposed that Gorky delegates support an initiative to return the Volga pearl to its former name. However, in December of that year, the City Council of People's Deputies adopted a resolution to retain the Soviet name. However, a decision was later made to appeal to the authorities for a renaming. Ultimately, on October 22, 1990, the Supreme Soviet of the RSFSR approved the return of Nizhny Novgorod from temporary oblivion.

New Time

Another famous native of Nizhny Novgorod is the ace pilot Valery Chkalov. Near the Strelka stands a monumental staircase named after Chkalov, a hero of the Strelka. Its observation decks offer majestic views of the Oka and Volga rivers. The 560 steps, 150 meters long, and unique figure-eight design lend the memorial staircase a solemn air—the steps were built in honor of the defenders of Stalingrad.

The longest aerial tramway in Europe has also been built here—over 3,600 meters, including 861 meters directly over Russia's main river. This isn't just a tourist attraction, but a fully-fledged public transportation system connecting the city with its satellite town, Bor. Before the air route, the journey took over 40 minutes by commuter train; now, the journey takes just 12.5 minutes. Thus, Nizhny Novgorod continues to develop, carefully preserving its centuries-old history—both in its name and in stone.

Subscribe to the "Our GUU" Telegram channel. Publication date: October 22, 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.

The first step in an international aid mission: KMZ Cargo, a subsidiary of USC, sent a charitable shipment to Mongolia.

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Source: KMZ Cargo – KMZ CARGO –

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The KMZ Cargo company (part of the military-industrial holding Kinigsepp Machine-Building Plant) OSK successfully completed its first international delivery of charitable goods. They were delivered to the Russian Children's Center in Mongolia, a key center of Russian culture and language in the country. The donation was collected to support the center's educational and recreational activities and became a major contribution to supporting the younger generation and strengthening friendly ties between the countries.

Despite the logistical challenges inherent in international shipments, the KMZ Cargo team of specialists OSK We managed to connect all stages of shipping—preparation and packaging, customs clearance, transportation organization, and final delivery—into a seamless and transparent process.

"This wasn't just a delivery—it was a mission. We understood that children's smiles and their opportunities to learn and develop depended on our work. The successful shipment demonstrated our ability to effectively solve complex logistical challenges for charitable projects.

Our immediate plans include organizing and executing charitable shipments to African countries. We have already begun preliminary work analyzing logistics routes and legal requirements for the effective implementation of this project. We also thank our partners for their trust and look to the future with confidence that our professional experience will help us continue to contribute to international charitable initiatives," said the CEO of KMZ Cargo. OSK Tatiana Damaskina.

 

Publication date: 10/21/2025

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: 21.10.2025, 18-17 (Moscow time) the values of the lower limit of the price corridor and the range for assessing market risks of the UPRO security (Unipro JSC) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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October 21, 2025

18:17

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 October 21, 2025, 18-17 (Moscow time), the values of the lower limit of the price corridor (up to 1.299) and the range of market risk assessment (up to 1.14647 rubles, equivalent to a rate of 25.0%) of the UPRO security (Unipro JSC) 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.

Road transport: tariffs on the rise and the end of the "ruble per kilometer" era?

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

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What pricing formulas should be used to ensure businesses are prepared for both tariff records and rollbacks?

The Russian freight transportation market finds itself in a paradoxical situation. On the one hand, demand is growing steadily: according to PEC data for September 2025, it increased by 7%, while the ATrucks indicator shows a persistent imbalance in favor of carriers. Traditional seasonal factors and the reduction in the key rate have whetted retail appetites. However, the main driver of growth is a shock—the mass return of equipment to lessors. More than 30,000 vehicles have already been repossessed, and approximately 10,000 more are at risk. This has created an artificial capacity shortage, pushing the market from a deep surplus into a transport affordability crisis.

And it's precisely at this moment, as the industry struggles to find a delicate balance, that it is hit with a "triple whammy" of regulatory changes planned for 2026. Starting March 1, only those who successfully register with the Unified Electronic Register of Carriers and Forwarders on the GosLog platform will be able to operate legally. Simultaneously, the patent tax system for freight transportation is planned to be completely abolished starting January 1, which will impact hundreds of thousands of small businesses and self-employed drivers.

In this regard, Logirus decided to find out:

• Will the fuel shock and shortage of carriers trigger a long-awaited recovery in tariffs, or is the announced increase just a seasonal blip?

• How will the transition from the patent system to the general taxation system affect tariffs?

• And what new approaches to pricing are carriers forced to look for?

Read more:http://logirus.ru/articles/analitniks/road transport_tariffs_for_takeoff_and_end_of_the_era_-ruble_per_kilometer.html

Publication date: 10/21/2025

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: On 2025-10-22, the Federal Treasury will hold a deposit auction of 22,025,327.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 2025-10-22. Unique application selection identifier 22 025 327. Deposit currency rubles. Fund type EKS. Maximum amount of funds placed on bank deposits, millions of monetary units 100,000,000,000. Placement period 2 days. Date of depositing funds 2025-10-22. Date of return of funds 2025-10-24. Interest rate for placement of funds (fixed or floating). Single treasury account. Minimum fixed interest rate for placement of funds, % per annum 16.23. Base floating interest rate for placement of funds – Minimum spread, % per annum – Terms and conditions of the bank deposit agreement (term, replenishable or special) Term.

The minimum amount of funds placed for one application, million monetary units 1,000,000,000. The maximum number of applications from one credit institution, pcs. 5. Application selection form (Open with random completion, Closed, Open with extension) Open with random completion. Application selection schedule (Moscow time). Venue of application selection PJSC Moscow Exchange Application acceptance from 09:30 to 09:40. Applications in preliminary mode from 09:30 to 09:35. Applications in competition mode from 09:35 to 09:40. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 09:40 to 09:50. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 09:40 to 10:00. Sending an offer to credit institutions to conclude a bank deposit agreement from 10:00 to 10:50. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 10:00 to 10:50. Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

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: 21.10.2025, 17-36 (Moscow time) the values of the lower boundary of the price corridor and the range for assessing market risks for the SLV/RUB currency pair were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Methodology for Determining Risk Parameters of the Foreign Exchange Market and Precious Metals Market of Moscow Exchange PJSC by the National Clearing Center (JSC) on October 21, 2025, 17:36 (Moscow time), the lower limit of the price corridor (up to RUB 158.51 in the TOD settlement mode) and the market risk assessment range (up to RUB 145.9235, equivalent to a 21.6% rate) for the SLV/RUB currency pair were changed. New values are available. Here.

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: 21.10.2025, 17-22 (Moscow time) the values of the lower boundary of the price corridor and the range for assessing market risks for the SLV/RUB currency pair were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Methodology for Determining Risk Parameters of the Foreign Exchange Market and Precious Metals Market of Moscow Exchange PJSC by the National Clearing Center (JSC) on October 21, 2025, 5:00 PM – 10:00 PM (Moscow time), the lower limit of the price corridor (up to RUB 164.65 in the TOD settlement mode) and the market risk assessment range (up to RUB 152.0657, equivalent to an 18.3% rate) for the SLV/RUB currency pair were changed. New values are available. Here.

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 October 22, 2025, to place OFZ issues No. 26252RMFS and No. 26250RMFS

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 26250RMFS from June 20, 2025
Date of the auction October 22, 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 SU26250RMFS9
ISIN code RU000A10BVH7
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.

2. Form, time, term and procedure for the placement:

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
Placement start date October 22, 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. (Settlements: 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.

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.

Red Wings will fly to Batumi from Krasnodar on October 21, 2025.

Translation. Region: Russian Federation –

Source: Red Wings Airlines –

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Red Wings has opened sales for direct flights to Batumi from Krasnodar. The new route will offer passengers more convenient travel options. Flights will operate twice weekly starting October 29. Tickets are now available for purchase on the airline's website and through the mobile app, available in the RuStore app store.

The airline plans to operate flights to the resort from Krasnodar every Wednesday and Saturday. The new route will allow passengers to travel from Krasnodar to Batumi in just one hour. This is more convenient than traveling with a transfer at an airport in central Russia or by car.

Red Wings is opening new, convenient flights between Russian cities and internationally. In the first nine months of 2025, the airline carried over 1.5 million passengers on domestically produced aircraft, a 9% increase compared to the same period in 2024. During the peak holiday season (May–September 2025), scheduled flights carried 1.089 million passengers, up 14% year-on-year.

Find out more at Telegram channel Red Wings

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: 10/21/2025, 06:06 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A0JWV89 (Akron B1P1) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 21, 2025

15:06

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 October 21, 2025, 15:06 (Moscow time), the values of the upper limit of the price corridor (up to 96.49) and the range of market risk assessment (up to 1002.91 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.