Tianjin Ready for Upcoming SCO Summit

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

The 2025 Shanghai Cooperation Organization (SCO) summit will be held from August 31 to September 1 in the northern Chinese city of Tianjin. As the summit approaches, more and more SCO-related elements are appearing on the streets of Tianjin, and the atmosphere of preparation for the grand event is becoming more intense. Photo by a Xinhua News Agency journalist.

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Visit to the press center of the events in honor of the 80th anniversary of the Victory

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

The press center for the events dedicated to the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War opened on August 27.

The press center, located in the Beijing Media Center Hotel, handles press accreditation and coordinates interviews for Chinese and foreign journalists.

The center also provides technical support, reference materials, and assistance in handling inquiries related to event coverage. Photo by a Xinhua News Agency journalist.

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Happy Qixi Festival – Chinese Valentine's Day!

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

One of the most romantic traditional Chinese holidays, Qixi, is celebrated on the evening of the 7th day of the 7th month of the traditional lunar calendar. Qixi is closely associated with the tale of the Cowherd and the Weaver Girl, a touching love story that has come down to us from time immemorial.

Qixi Festival

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Financial news: 08/28/2025, 15:58 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the RU000A0ZYU21 (ALPHA BO40) security were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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08/28/2025 15:58

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on August 28, 2025, 15:58 (Moscow time), the values of the lower limit of the price corridor (up to 96.32) and the range of market risk assessment (up to 856.75 rubles, equivalent to a rate of 23.75%) of the security RU000A0ZYU21 (ALPHA BO40) were changed.

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Financial news: 08/28/2025, 16-11 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SU26231RMFS9 security (OFZ 26231) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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08/28/2025 16:11

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 08/28/2025, 16-11 (Moscow time), the values of the upper limit of the price corridor (up to 14.65) and the range of market risk assessment (up to 169.05 rubles, equivalent to a rate of 50.0%) of the security SU26231RMFS9 (OFZ 26231) were changed

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Marat Khusnullin held a meeting with the head of the Republic of Karelia Artur Parfenchikov

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Marat Khusnullin held a meeting with the head of the Republic of Karelia Artur Parfenchikov

Deputy Prime Minister Marat Khusnullin held a working meeting with the Head of the Republic of Karelia Artur Parfenchikov, during which the parties discussed key issues of the socio-economic development of the region.

"We see serious positive changes in Karelia in a number of areas. The republic is particularly confident in increasing the pace of housing construction: 224.7 thousand square meters have been commissioned since the beginning of the year, which is 18% higher than last year's figures. We are systematically engaged in infrastructure development. For example, last year, 33 large-class buses were delivered to Karelia using special treasury loans and 27 trolleybuses under preferential leasing from GTLK. Three projects are being implemented in Karelia using infrastructure budget loans, which made it possible to commission 33.4 thousand square meters of housing and attract 6.9 billion rubles in extra-budgetary investments. I would like to separately note the work on integrated development of territories: 6 territories with an area of 71.8 hectares have been identified for KRT, and projects have already begun to be implemented on 5 of them. There are still many tasks ahead; together with the head of the republic, we have outlined areas where we need to step up our work,” said Marat Khusnullin.

The Deputy Prime Minister added that today at a meeting of the Presidium of the Government Commission for Regional Development of Karelia, an application for 640 million rubles within the framework of treasury infrastructure loans was approved. The funds will be used to modernize heat supply systems.

"Thank you for your support! We will use the funds to modernize the heating systems of our Arctic regions – Kemsky and Belomorsky, as well as Pudozhsky. The project is extremely important for thousands of residents of the republic," explained the head of the Republic of Karelia Artur Parfenchikov.

At the meeting, the parties also discussed issues of road construction, including the reconstruction of sections of the Kola road.

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Marat Khusnullin: Another 53 projects have been approved within the framework of treasury infrastructure loans for 27.6 billion rubles

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Source: Government of the Russian Federation – Government of the Russian Federation –

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Marat Khusnullin held a meeting of the presidium (headquarters) of the Government Commission on Regional Development

Deputy Prime Minister Marat Khusnullin held a meeting of the presidium (headquarters) of the Government Commission on Regional Development.

At the meeting, participants reviewed and approved a number of applications for financing projects using Treasury Infrastructure Loans (TIL) funds.

"Another 53 projects have been approved, including 131 objects in 20 regions. We will allocate about 27.6 billion rubles for their implementation. Now, within the limits of the CFC for the modernization of housing and communal services, taking into account today's projects, applications from 57 regions have been approved for a total of 146.75 billion rubles. I draw the special attention of the heads of the subjects to the need to personally control the signing of all agreements and the implementation of planned work. All projects are important for hundreds of thousands of citizens, thanks to them the quality of public services provided will significantly improve," said Marat Khusnullin.

New CFC limits will be imposed on Altai (2.2 billion rubles), Primorsky Krai (1.55 billion rubles), Kostroma (1.18 billion rubles), Omsk (1.56 billion rubles), Vladimir (1.12 billion rubles), Arkhangelsk (1.01 billion rubles), Kaluga (921.03 million rubles), Kurgan (642.86 million rubles), Moscow (7.57 billion rubles), Pskov (780.28 million rubles), Tyumen (3.39 billion rubles), Kursk (906.5 million rubles), Amur (650 million rubles) regions, the Altai Republic (442.34 million rubles), Kalmykia (310 million rubles), Adygea (432.39 million rubles), Mari El (575.28 million rubles), Karelia (640 million rubles), North Ossetia-Alania (1.43 billion rubles) and the Nenets Autonomous Okrug. (300 million rubles).

The funds will be used for the construction, reconstruction and repair of boiler houses, heat and water supply networks, as well as water disposal, treatment facilities and other necessary public infrastructure facilities.

The participants also discussed the progress of the national project “Infrastructure for Life”.

"The main tasks of the construction industry remain maintaining a high level of housing construction projects and preventing delays in the delivery of keys. Despite all the difficulties, thanks to the constant attention of the President and the support of the Prime Minister, we are able to maintain a fairly high pace and systematically solve the tasks set. A number of regions consistently show high performance. Today, the Saratov and Penza regions, Perm Krai, the Republics of Tatarstan, Adygea, Buryatia, and the Chechen Republic are in the green zone. Keep it up! The construction season is now in full swing, so I ask all regional teams to more actively begin accepting objects, close existing issues, in order to end the year on a positive note," said Marat Khusnullin.

In his report, Minister of Construction and Housing and Public Utilities Irek Faizullin drew the regions' special attention to the timely contracting and cash execution of federal projects, programs and events of the national project "Infrastructure for Life", and also spoke about the status of the review of applications for treasury infrastructure loans in terms of the limit on housing and public utilities.

"General program activities for the implementation of the national project "Infrastructure for Life", as well as federal projects included in it in 2025 are generally on schedule. Within the limits of treasury infrastructure loans for housing and communal services, applications from three more regions are ready to be submitted to the headquarters – Zabaikalsky Krai, the Republic of Sakha (Yakutia) and Oryol Oblast. Another 11 applications from subjects of the Russian Federation are at a high level of readiness, and 12 applications are being finalized," said Irek Faizullin.

The headquarters meeting also discussed the progress of restoring the rights of citizens participating in shared construction who suffered from the actions of unscrupulous developers.

Vasily Kupyzin, General Director of the Territorial Development Fund, reported in his report that, in general, the rights of more than 257 thousand affected equity holders in 77 regions of the country have been restored, of which 121.5 thousand people – with the help of federal mechanisms and more than 135.5 thousand citizens – with the help of regional mechanisms.

"The Territorial Development Fund continues to work on the implementation of the decisions of the supervisory board to restore the rights of affected equity holders. Currently, the FDT has 15 facilities to complete in 7 regions for 2.25 thousand citizens. In addition, there are currently 78 facilities in the area of responsibility of the constituent entities of the Russian Federation – this is 7.5 thousand citizens in 23 regions. We continue to monitor this work. The priority task remains compliance with the established deadlines and the restoration of the rights of defrauded people. In addition, we are dealing with the sale of property of bankrupt developers after compensation payments to citizens. There are still a number of land plots to be transferred to the fund. We interact with the regions on an ongoing basis in this area," Vasily Kupyzin emphasized.

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Financial news: Fraud risks in the region will affect the cost of the MTPL policy

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia proposes to change the procedure for determining the territorial coefficient (TC). If a region has a long-term high risk of unfair actions in MTPL, then when calculating the cost of the policy, the TC there will be twice as high as the base value. New pricing rules are provided draft instructions Bank of Russia, which was published for public discussion.

The Bank of Russia will determine such regions taking into account their location in the high-risk zone. According to data "Monitoring regional risks of unfair actions in compulsory motor third party liability insurance", these include the Republic of Ingushetia (since 2019) and the Novosibirsk Region (since 2021). For 8 territories located in these regions, it is proposed to establish an increased value of CT. From 2023 to 2025, the number of regions with high risks of unfair actions (the "red" zone according to Monitoring) decreased from 12 to 2, over the past year as a result of the active work of regional authorities from the "red" zone came outRepublic of Dagestan and the Chechen Republic.

The Bank of Russia also updates the base value of the CT for a number of regions, taking into account the current loss ratio of MTPL.

In addition, the document expands the tariff corridor in both directions: by 40% for motorcycles and by 15% for all other categories. The revision of the boundaries is necessary to maintain fair pricing in the context of rising spare parts costs and the size of OSAGO payments. For ordinary motorists, the tariff corridor has not changed since September 2022. At the same time, the average payment has increased significantly: its value for 6 months of 2025 was 56% higher than for the same period in 2022, and 17% higher than for the first 6 months of 2024.

After the expansion of the tariff corridor, insurers will still be able to offer experienced and careful drivers policies at low prices due to more correct pricing for drivers with high losses. In the second quarter of this year, 58% of classic policies (excluding short-term ones) for motorcycles and 29% of policies for ordinary motorists were issued at the upper limit of the current corridor. According to the results of 6 months of this year, the average premium for ordinary motorists decreased by 4%. Such a decrease with a simultaneous increase in the average payment occurs due to the possibility of correct pricing within the boundaries of the expanded corridor for policies of high-risk policyholders and competition for low-risk drivers.

Comments and suggestions regarding the draft directive will be accepted until September 7 inclusive.

Preview photo: LeManna / Shutterstock / Fotodom

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Financial news: Portfolio of loans to developers in the second quarter grew by 8%

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The growth of the housing construction project financing portfolio in the second quarter amounted to 0.7 trillion rubles (0.4 trillion rubles in the previous quarter). Loan issuances increased slightly due to the launch of new projects, while repayments, on the contrary, decreased due to a slowdown in the commissioning of buildings.

Project financing provided about 60% of the total growth of the corporate loan portfolio for the quarter. Developers' debt at the end of the second quarter exceeded 9.3 trillion rubles (48% of the banking sector capital).

Sales of apartments under equity participation agreements in construction in value terms decreased slightly (-6%, to 1.3 trillion rubles). At the same time, receipts to escrow accounts remained at the level of the first quarter (1.1 trillion rubles). The difference between sales and receipts is mainly due to the provision of installments. At the same time, the volume of sales by installments is slightly higher than can be judged by this difference, since part of the receipts to escrow accounts are payments on previously taken installments.

The average weighted rate on the project financing portfolio increased to 10.7% per annum (0.4 percentage points per quarter), but remains significantly lower than the average lending rate in the corporate segment (18.9%).

Read more in the review "On project financing of housing construction in the second quarter of 2025".

Preview photo: Evgeny Messman/TASS

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Dmitry Chernyshenko held a meeting of the organizing committee for the preparation and holding of the Alexander Nevsky International Sports Games

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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A meeting of the organizing committee for the preparation and holding of the 2025 Saint Blessed Prince Alexander Nevsky International Sports Games was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko. The competitions will be held from September 9 to 15 in St. Petersburg. The organizers are the Ministry of Sports, the Government of St. Petersburg and the Patriarchal Commission for Physical Culture and Sports of the Russian Orthodox Church.

The organizing committee for the preparation and holding of the Alexander Nevsky International Sports Games in 2025 was created on the initiative of His Holiness Patriarch Kirill of Moscow and All Rus' and with the support of Prime Minister Mikhail Mishustin.

"In September last year, the II All-Russian Sports Games of the Holy Blessed Prince Alexander Nevsky were successfully held in Nizhny Novgorod. They were held at a truly high organizational level, with almost 2,000 people from 68 regions participating in 6 sports. The winner and holder of the Patriarch of Moscow and All Rus' Challenge Cup was the team from St. Petersburg. This city will host the next games. This year, we are expecting about 2,500 participants – representatives of 74 regions of Russia, as well as the republics of Belarus, Tajikistan and Kazakhstan, Indonesia and other countries," said Deputy Prime Minister Dmitry Chernyshenko.

The meeting was attended by representatives of the Ministry of Sports, the Ministry of Health, the Ministry of Education, the Ministry of Science and Higher Education, the Ministry of Foreign Affairs, Rossotrudnichestvo, the Russian Orthodox Church, as well as other interested organizations and regions of Russia.

The head of the Russian Ministry of Sports, Mikhail Degtyarev, spoke about the preparations for the games and the competition program: "This year, the sports program will be rich and diverse. Participants will perform in 6 sports: basketball, football, table tennis, chess, volleyball, and the GTO complex standards. In addition, we will have an additional program. The city with the richest history and cultural heritage has a lot of experience in organizing major competitions and will be an ideal platform. I am sure that these games will develop. We are trying to hold them in an international format for the first time and are already seeing the interest of our foreign colleagues."

Vice Governor of St. Petersburg Boris Piotrovsky noted that the city's preparations for the games are proceeding according to a comprehensive plan, which includes activities in various areas. Sports facilities for the competitions have already been approved, cost estimates for the organization and holding have been formed and agreed upon, as well as a plan of activities to ensure comprehensive security during the preparation and holding of the games.

The Deputy Prime Minister instructed that special attention be paid to the issue of attracting representatives of foreign countries to the games and that all necessary measures be taken to achieve this.

Ambassador-at-Large, Special Representative of the Minister of Foreign Affairs for International Sports Cooperation Mikhail Khorev noted that invitations to participate in the games were sent to the heads of sports departments of other countries. Serbia's decision on sending a team participating in the games to St. Petersburg is awaited. The department will also assist in obtaining visas for participants and guests of the event.

The event venue in St. Petersburg will host the international forum "Faith and Sport", aimed at interaction between religious organizations of traditional faiths in Russia and executive authorities, organizations and institutions in the field of physical culture and sport. It will combine scientific, educational, informational and cultural events for participants and guests of the games.

Metropolitan of Murmansk and Monchegorsk, Chairman of the Patriarchal Commission on Physical Culture and Sports Mitrofan proposed adding the event to the list of especially significant official physical culture and sports events with inclusion in the Unified Calendar Plan.

In addition, the issue of organizing the first winter international sports games of the holy blessed prince Alexander Nevsky in the Leningrad region is currently being considered.

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