Category: Moscow

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Financial news: Registration for Finopolis-2025 is open.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Finopolis Forum of Innovative Financial Technologies is 10 years old. This year it will be held from October 8 to 10 at the Sirius federal territory. You can register atwebsite.

The forum will be attended by the management of the Bank of Russia, representatives of relevant ministries and departments, leading financial and digital fintech companies, as well as opinion leaders in the field of technology. They will discuss trends and vectors of development of financial technologies in various segments of the financial market.

According to established tradition, an exhibition will open for forum guests, where the latest achievements in the field of innovation will be presented.

Preview photo: Elizaveta Ageenko / Bold Friday Studio

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Bank of Russia to supervise installment service operators

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Laws The State Duma adopted a resolution on requirements for installment service operators and contracts with them.

Now sellers and installment service operators (intermediaries between the seller and the buyer) will not be able to disguise interest on deferred payments by setting different prices for goods in installments and for cash. The amount of fines that installment service operators can collect from users is also limited.

In addition, if the citizen’s installment obligations exceed 50 thousand rubles, the service operator will be obliged transfer this information to the credit bureau. This will help banks and microfinance organizations assess the level of a person's debt burden when applying for a loan or credit. Thus, citizens will be better protected from debt overload and default risks.

Legislators also gradually limited the maximum period of interest-free installments: from April 1, 2026 – 6 months, from April 1, 2028 – 4 months.

The changes will come into force on April 1, 2026.

Preview photo: Reshetnikov_art / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial News: Partner Financing Experiment Extended Until September 2028

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Law, which extends the experiment in partnership financing, also provides for the improvement of its mechanisms. The law was adopted by the State Duma and approved by the Federation Council.

The experiment will be carried out from September 1, 2023, on the territory of Bashkortostan, Dagestan, Tatarstan and the Chechen Republic. It was initially announced for two years.

The law expands the list of partnership financing operations, including opening accounts by banks that have the appropriate license. The list of operations also includes mutual insurance.

A special committee will be created to approve standards for partner funding. Companies should indicate in their advertising that they are participants in the experiment.

In addition, the list of grounds for refusing to include organizations in the register of experiment participants is being expanded, as well as the list of grounds for exclusion from it. This will reduce the risks of unscrupulous companies participating in the experiment.

The purpose of the law is to create a more correct and uniform provision of partnership financing services, to increase the transparency and attractiveness of the experiment, including for foreign investors.

Preview photo: Ele Sviridova / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: The Russian market has launched an index of benchmark stock issuers

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

"Companies from the financial and non-financial sectors were among the applicants for inclusion in the Program," notes Ekaterina Abasheeva, Director of the Bank of Russia's Corporate Relations Department. "Following the review of applications, several issuers demonstrating the necessary institutional quality were selected. We hope that they will grow into a new generation of blue chips — companies that adhere to high standards of corporate governance and are interested in increasing their investment attractiveness. Together with the Moscow Exchange, we will continue to work on forming a pool of high-quality issuers participating in the Program."

The decision to include shares in the index is made by a committee, which includes representatives of the Bank of Russia, Moscow Exchange, and the Analytical Credit Rating Agency. The committee evaluates corporate governance, the level of information transparency of the issuer, and its financial and economic indicators. The status of a participant in the Program must be confirmed at least once a year. Issuers whose shares are included in the first or second level of the Moscow Exchange listing can participate in it.

Preview photo: Igor Paszkiewicz / Shutterstock / Fotodom

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Financial news: On July 25 at 15:00 a press conference will be held on the results of the meeting of the Board of Directors on monetary policy

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The event will be attended by the Chairman of the Bank of Russia Elvira Nabiullina and the Deputy Chairman of the Bank of Russia Alexey Zabotkin.

Elvira Nabiullina will make a statement on monetary policy and medium-term forecast.

The press conference will be held at the Bank of Russia press center. The broadcast of the speech will be available on our website, channel inTelegram, as well as on the official page in"VKontakte".

Accreditation for journalists is open until 17:00 on July 23 at the address Media@kbr.ru.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial News: How to Inform Investors About Complex Financial Products

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Information about such products should be placed in special sections of websites and mobile applications. It will be available to the user after he confirms the status of a qualified investor and becomes familiar with the risks of these instruments.

The recommendations are aimed at reducing the likelihood of unqualified investors being forced to buy complex financial instruments that could result in losses.

Let us recall that, according to the law, financial market participants are prohibited from offering a number of complex financial products to unqualified investors.

Preview photo: Sacred Spark Art / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Excursions and lectures: Summer engineering and economic school at the State University of Management has completed its work

Translation. Region: Russian Federal

Source: Official website of the State –

An important disclaimer is at the bottom of this article.

On July 24, 2025, participants of the Summer Engineering and Economics School 2025 visited the State Duma of the Federal Assembly of the Russian Federation.

Young scientists met with the First Deputy Chairman of the State Duma Committee on Science and Higher Education Alexander Mazhuga, who spoke about the work of the Committee, the stages and features of the legislative process in the field of science and higher education, and shared the results of the work during the spring session of 2025. The Committee ensured the adoption of 13 federal laws concerning benefits for admission, changes in the education system, scientific and innovation policy.

The meeting was held in the format of an open dialogue – participants asked questions about the defense of candidate dissertations in graduate school, the logistical support of historical buildings of regional universities, and discussed the program for improving housing conditions for young scientists.

The school participants had an extensive tour of the State Duma. The guests learned about the history of Russian statehood by visiting the exposition of the State Duma museum complex, saw personal belongings of famous politicians, and learned about the daily work of factions and committees.

As part of the lecture program, Acting Rector of the V.G. Shukhov BSTU Sergey Glagolev gave the school participants a lecture "How to Build a Car", in which he told the audience about the history, approaches and principles of creating cars, as well as how the introduction of digital technologies affects the development of the automotive industry in our country and in the world.

The transport theme was continued by Elena Duganova, Associate Professor of the Department of Operation and Organization of Motor Transport at the V.G. Shukhov Belarusian State Technical University. The speaker presented a lecture entitled "Transport Technologies of the Future", where the audience learned about how cities and ground transport infrastructure will change with the development of unmanned aircraft systems.

The day ended with a lecture by Denis Serdechny, Head of the Laboratory of Convergent Expertise and Assessment of Technology Maturity at the Research Institute of Public Policy and Sectoral Economics of the State University of Management. Together with the speaker, the audience discussed the challenges and opportunities of artificial intelligence in science and education. Participants considered the risks of active development of AI systems, in particular neural networks, and also tried to identify their vulnerabilities.

On the final day of the school, the participants went on an excursion to the Moscow Transport Museum at VDNKh. The young scientists visited the exhibition "You look 100%!", where they learned how transport design in Russia has been formed and changed over the past hundred years. The exhibition told about design solutions in the history of domestic automobile, rail and water transport, the events that influenced it, and the people who designed all this equipment. The excursion participants saw rare domestically produced cars, including the ZiS-Sport, Moskvich-Tourist, GAZ-3105 and VNIITE Maxi, the image of the car of the future "Molniya" and the electric car-gadget "Atom", as well as rare archival photo and video materials of equipment tests, scale models and mock-ups.

At the closing of the "Summer Engineering and Economics School – 2025", the participants shared their impressions of the school program, especially noting the high level of both excursions and lectures. The guests of the State University of Management wished success in the further development and expansion of the project and unanimously admitted that they would be glad to return to the School next season.

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Master classes on phytodesign and lectures on the life cycle of products. RUDN University held the Agropicnic in Gorky Park for the second time

Translation. Region: Russian Federal

Source: Peoples'Friendship University of Russia –

An important disclaimer is at the bottom of this article.

The RUDN Agrarian and Technological Institute held the Agropicnic in Gorky Park for the second time. About 250 guests of the event were able to "touch science with their hands": conduct experiments with soil, create a composition of succulents and learn from lecturers how potatoes, carrots and cocoa appeared in our country.

"The agropicnic became a real celebration of unity, exchange of experience and inspiration for our institute. We brought together students, teachers, our partners – JSC Rosselkhozbank and X5 Group – and all those who are not indifferent to the development of agricultural science and production. In a friendly atmosphere, we discussed the latest achievements, shared practical knowledge and ideas, received a charge of positive emotions and confidence in the future. I am convinced that such events strengthen the professional community, contribute to the popularization of modern agricultural technologies and create a solid foundation for new achievements," – Elvira Dovletyarova, Director of the Agrarian and Technological Institute of RUDN.

Moss and the Mysterious Box

Among the guests of Agropicnic were not only students and adults, but also schoolchildren. They took part in creative master classes with great pleasure. For example, the children tried on the role of phytodesigners and, together with experts, created mini-compositions from succulents, moss and natural materials to decorate their home or classroom. At the same time, they learned how to properly care for plants.

The importance of tactile contact and attention when caring for pets was discussed by RUDN University veterinary students. To do this, they played a game with the guests of the Agropicnic, in which they had to identify an object hidden in a mysterious box by touch. Delicacy is important when checking the ears, eyes, fur and skin of pets for diseases and parasitic insects.

Experiments in the Park

Participants of the practical lesson, which was held in the format of a mini-experiment, were able to visit the place of students of the RUDN Agrarian and Technological Institute. First, children and adults learned about the soil indicators that scientists evaluate. These are color, structure, humidity, acidity and fertility. After that, everyone tried to independently select a soil sample and conduct simple tests with it. For example, roll a soil ball and describe its structure, determine the pH level using indicator strips.

At the RUDN lecture hall, guests of the Agropicnic were introduced to the life cycle of food products, told about quality control of products at all stages of production and about the history of the appearance of potatoes, beans, carrots and cocoa in our country. In addition, the participants of the event learned a lot about modern technologies that are used in the agricultural sector.

"Before this event, I was unsure about which direction to take my future career. After attending the master classes and learning about real examples of modern agricultural professions, I felt genuine interest and internal motivation. And I discovered an amazing fact: professions in the agricultural sphere today are not only about physical labor, but also about science, technology, caring for the environment and human health. I was inspired by how smart developments can not only make hard work easier, but also really change something for the better for humanity and nature. Now I have definitely decided: I want to do something that is useful, develops new areas of knowledge and promotes harmony between people and the planet," – Yaroslav, a student at School No. 1570.

A bridge between theory and practice

During the Agropicnic, schoolchildren and applicants also asked questions about studying at RUDN in the areas of "Biotechnology", "Bioengineering and bioinformatics", "Landscape architecture", "Land management and cadastre" and others. In total, the Agrarian and Technological Institute has 25 higher education programs and 5 joint master's programs with foreign universities.

"Agropicnic is a bridge between theory and practice. Here, professionals, students and schoolchildren can see how science makes agriculture efficient, environmentally friendly and promising. For RSHB, such projects are an investment in the future of the industry and in the people who create it. This is part of our strategy to support agricultural education and popularize professions in the agro-industrial complex," Lyubov Belesku, Advisor to the Chairman of the Board of Rosselkhozbank.

The general sponsor of the event is Rosselkhozbank, the project partners are Gorky Park and X5 Group.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Navy and Polytechnic: an inseparable link

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

Russian Navy Day is celebrated on the last Sunday of July, and each time these are different dates. But in 2025, we have the opportunity to congratulate the sailors on the day established by the founder of the Russian fleet, Emperor Peter the Great, after whom the Polytechnic University is named. During Peter's reign, it was on July 27 that they honored the sailors in memory of the great victories of the Russian fleet at Cape Gangut in 1714 and Grengam Island in 1720. On this day, ships were decorated with flags, fireworks were fired, and parades were held.

The creation of the fleet was one of Peter's main achievements. The first ships were built in Voronezh. And on December 1, 1699, Peter approved the St. Andrew's naval flag. In 1702, they began building galleys on the Syas, Luga and Svir rivers. In 1704, the tsar founded the Admiralty shipyards in the future capital. Ships were built all over Russia: in Voronezh, Kazan, Pereslavl, Arkhangelsk, Olonets, St. Petersburg and Astrakhan. By 1725, the Russian fleet numbered 130 sailing ships, 253 galleys and 143 brigantines.

Peter not only created the Russian navy, but also laid the foundation for engineering in the country. Years later, the St. Petersburg Polytechnic Institute became a prominent representative of engineering education. One of the first departments opened there was shipbuilding. It was headed by a talented engineer Konstantin Boklevsky.

In 1930, the shipbuilding faculty was transformed into the Leningrad Shipbuilding Institute, which became the ancestor of the St. Petersburg State Marine Technical University, the famous Korabelka.

Strong ties with the Navy have always been an important part of Polytechnic University's activities – from the creation of the first submarines to marine robotics today. A special place in the life of the university is occupied by friendship with the crew of the heavy nuclear missile cruiser Pyotr Velikiy – the flagship of the Northern Fleet. And the first congratulations on this day are to them, those who serve today, and those who are waiting on the shore. Happy Russian Navy Day!

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: The Bank of Russia has decided to reduce the key rate by 200 bp, to 18.00% per annum (07/25/2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

On July 25, 2025, the Board of Directors of the Bank of Russia decided to reducekey rateby 200 bp, to 18.00% per annum. Current inflationary pressures, including persistent ones, are declining faster than previously forecast. Domestic demand growth is slowing. The economy continues to return to a balanced growth trajectory.

The Bank of Russia will maintain the tightness of monetary conditions that is necessary to return inflation to the target in 2026. In the baseline scenario, this implies an average key rate in the range of 18.8-19.6% per annum in 2025 and 12.0-13.0% per annum in 2026, and means a long period of tight monetary policy. Further decisions on the key rate will be made depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations. According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will decrease to 6.0-7.0% in 2025, return to 4.0% in 2026, and remain on target thereafter.

In 2Q25, seasonally adjusted current price growth slowed to 4.8% annualized, after averaging 8.2% in 1Q25. Core inflation was 4.5%, after averaging 8.8% in the previous quarter. Annual inflation, as of July 21, was 9.2%. However, the monthly growth of the consumer price index will temporarily increase in July due to the significant indexation of utility tariffs.

The impact of tight monetary conditions on demand is increasingly evident in the reduction of inflationary pressure. The effects of tight monetary policy, including through the strengthening of the ruble, are largely reflected in the low growth rates of prices for non-food products. These effects are gradually manifesting themselves in the reduction of inflationary pressure in food products and services. Price dynamics remain uneven, but the spread by components has somewhat decreased.

A stable downward trend in inflation expectations has not yet formed. Long-term expectations calculated from financial market instruments have slightly decreased. Inflation expectations of professional analysts and the population have not changed significantly. Business price expectations in July slightly increased for the first time since the beginning of the year. In general, inflation expectations remain at an elevated level. This may prevent a more sustainable slowdown in inflation.

The Russian economy's upward deviation from the balanced growth trajectory is decreasing. Operational data, including in 2Q25, and survey indicators indicate a further slowdown in domestic demand growth while overall economic activity continues to grow moderately.

There are more signs that the tension in the labor market is easing. According to surveys, the share of companies experiencing a labor shortage continues to decline. There is still a decrease in demand for labor in certain industries and its flow to other sectors. Wages are growing more slowly than in 2024, but the rate of their increase is still outpacing the growth of labor productivity. Unemployment is at historical lows.

Monetary conditions remain tight, influenced by the monetary policy and autonomous factors. Since June, nominal interest rates have fallen in most financial market segments following the reduction in the key rate and the revision of market participants’ expectations for its further trajectory, but they remain high in real terms. Non-price conditions for bank lending are also tight.

While deposit rates are falling, households remain highly inclined to save. Lending trends are uneven across segments. Unsecured consumer lending is declining, while the portfolio of mortgage and corporate loans is growing at a moderate pace. Lending activity remains generally subdued.

Pro-inflationary risks prevail over disinflationary ones over the medium term. The main pro-inflationary risks are associated with a longer-term continuation of the upward deviation of the Russian economy from the balanced growth trajectory and high inflation expectations, as well as with the deterioration of foreign trade conditions. A further decline in the growth rates of the global economy and oil prices in the event of increased trade tensions may have pro-inflationary effects through the dynamics of the ruble exchange rate. Geopolitical tensions remain a significant uncertainty factor. Disinflationary risks are associated with a more significant slowdown in lending growth and domestic demand under the influence of tight monetary conditions.

The Bank of Russia proceeds from the declared parameters of the budget policy. Its normalization in 2025 will have a disinflationary effect. A change in the parameters of the budget policy may require an adjustment of the monetary policy being pursued.

Following the meeting of the Board of Directors on the key rate on July 25, 2025, the Bank of Russia updated medium term forecast.

August 6, 2025The Bank of Russia will publish a Summary of the Key Rate Discussion and a Commentary on the Medium-Term Forecast.

The next meeting of the Board of Directors of the Bank of Russia, at which the issue of the key rate level will be considered, is scheduled forSeptember 12, 2025The press release on the decision of the Board of Directors of the Bank of Russia will be published at 13:30 Moscow time.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.