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.

Evening of Vernissages at the Winzavod Contemporary Art Center on December 9, 2025.

Translation. Region: Russian Federation –

Source: Winzavod Center for Contemporary Art – An important disclaimer is at the bottom of this article.

On December 9, the Winzavod Center for Contemporary Art hosted an Evening of Vernissages. Twelve resident galleries presented new exhibitions.

The pop/off/art gallery has opened the exhibition "Shadow Theory"—a new chapter in the career of artist George Cohen, formerly known as Georgy Pusenkoff. The exhibition features previously unseen works from 2019–2024, balancing non-objective and figurative imagery with interspersed text. Shadow symbolizes the presence of light, and the immaterial takes shape and becomes visible. The exhibition runs until January 23.

XL Gallery presented the exhibition "Failures" by the Blue Soup group. The works are created using digital animation. The group's works explore detached and artificial landscapes, interiors, and locations where mysterious forces operate. They resemble reality yet are not, creating an "uncanny valley" effect and placing the viewer on edge. The exhibition runs until January 16.

The 11.12 Gallery hosted the opening of Vladimir Marin's exhibition "Fermentation," dedicated to his ongoing search for new creative methods and constant relocation. This fermentation yields new works that reflect both the artist's artistic vision and the surrounding geographic and social context. The exhibition runs until January 18.

VLADEY Space opened a solo exhibition by Yegor Koshelev, "Reds and Blacks." The artist deliberately rejects a color palette in his works and explores new methods while residing in regional cities. This experiment resulted in two major projects, which have become a distinct chapter for the artist. He presents art with a new tone and explores new themes previously uncharacteristic of his work. The exhibition runs until January 18.

The a-s-t-r-a Gallery presented the project "Paradoxical Paradise" by Sergei Sonin and Elena Samorodova-Sonina. The artists work in the fictional genre of "Russian provincial orientalism," asking visitors questions such as: is it possible to build a large-scale earthly paradise, harness the power of nature, and at what cost is victory over the chthonic? The exhibition will run until January 16.

PENNLAB Gallery has opened Elena Anosova's solo exhibition, "Inside Soft Gold," the final chapter of the "Atlas of First Snow" project. The artist presents the results of a decade of research into her family history and the lives of a multi-ethnic community of hunters and fishermen in the Lower Tunguska basin. The exhibition runs until January 31.

The HSE ART Gallery presented a major exhibition, "The Great Disorder," across two venues, bringing together artists, designers, researchers, and educators reflecting on chaos as a fundamental form of existence in the world. The major exhibition is an annual format held by the HSE School of Art and Design since 2021. The exhibition runs until January 13.

FUTURO Gallery opened Nikolai Onishchenko's solo exhibition "In the Icy Ether." The exhibition includes monochrome graphic works and an audio installation. The artist conceives of the concept as a graphic representation of the mechanism of sound, which he compares to the formation of glaciers. He then created a series of graphic works depicting sharp, fragile, and nature-like objects. The exhibition runs until January 16.

The Triangle Gallery presented Andrey Efimov's solo project "Space of Variations or Shining Chaos." The artist creates his own visual image of life in all its manifestations, referencing themes of nature and the cosmos. The project seeks to convey the essence of existence without specific forms, so that viewers can formulate their own definition of life. The exhibition runs until January 16.

Totibadze Gallery opened the exhibition "Cinema/Theater of Sveta T." The exhibition features sketches for famous films and plays by fashion designer Svetlana Tegin, who works in the film and theater industries. Her works balance the boundaries of fashion and art, a distinction that is clearly expressed in her collections and creative collaborations. The exhibition runs until January 14.

FINEART Gallery presented Katya Belyaeva's solo project "Rococo Universe." The artist combines the world of 18th-century fashion with the cosmic future. These two parallel realities recreate the Rococo universe and give birth to a new neoclassical style. The exhibition runs until January 18.

BIS ART Gallery hosted the opening of Elena Kolesnikova's solo exhibition, "Who Whispers Loudly on the Sunny Path." The exhibition is structured like a map leading to new achievements and introspection, while the works point to the current era of contemporary art. The exhibition runs until December 23.

Admission to the galleries is free; please check the gallery's website for opening hours. Full details and contact information are available on the website.

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 Winzavod Center for Contemporary Art presented the exhibition project "No More Walls" on November 5, 2025.

Translation. Region: Russian Federation –

Source: Winzavod Center for Contemporary Art – An important disclaimer is at the bottom of this article.

As part of the XXXIII International Festival "Zodchestvo 2025," the Moscow City Architecture Committee and the Winzavod Center for Contemporary Art, with the support of the Moscow government, presented the exhibition project "No More NETWALLS." This visual exploration of Moscow street art and its transformation into a new cultural element of the metropolis was presented by Sergei Kuznetsov, Chief Architect of Moscow and First Deputy Chairman of the Committee for Architecture and Urban Development (Moskomarkhitektura), part of the Complex of Urban Development Policy and Construction of the City of Moscow.

The "No More Walls" stand invites you to see how street art is becoming part of conscious urban policy and helping us reimagine familiar routes. The project demonstrates how street art is evolving from an element of underground culture into a tool of urban planning, bringing people together, enlivening spaces, and filling the streets with creative energy.

"Street art is timeless. Its strength lies not in eternity, but in its precise timing. The city is a living organism, and its visual language should be renewed just as naturally," says project curator Sergey Kuznetsov. "Our goal is to create an ecosystem where professional artists have the opportunity to express themselves creatively in the city. Regulation here isn't censorship, but rules of the game that make the process transparent and fair. We want art to become a natural part of urban culture, so that businesses see it not as a burden, but as an investment in meaning. The constant emergence of public art in the city is a sign of a healthy artistic environment. Street art should live in the rhythm of the city: appearing, resonating, and disappearing, making room for new voices."

The exhibition stand concept was developed by the architectural firm KRNV. The exhibition showcases street art as a complex system of interactions between artist, city, business, and society, revealing its energy, which is always "on the edge": between the moment and eternity, between freedom and the system, between the personal and the collective. The exhibition includes photographs and sketches of striking projects: NETSTEN, Angel, Agatha, Hesse's mural, and others, as well as an interactive map of urban interventions.

Project curator: Chief Architect of Moscow Sergey Kuznetsov. Co-curators: Winzavod Center for Contemporary Art, Sergey Kuznetsov's press secretary Maria Ulyanova, and Irina Kuznetsova, curator of exhibition, educational, and publishing programs at the Moscow Committee for Architecture.

The first legal outdoor gallery, NETSTEN, opened in 2019 at the initiative of the Winzavod Center for Contemporary Art with the support of the Moscow Committee for Architecture. Since its inception, the gallery has hosted seven exhibitions featuring leading contemporary artists: Kirill Kto, Misha Most, Vova Nootk, Max Ima, Gosha Ykor, Zhihar, Zhenya Voynar, Andrey Aznet, Sergey Ovseykin (Zukclub), and many others.

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 new chapter of the cult project "Once Upon a Time: The Kingdom of Russian Fairy Tales" will be released on October 14, 2025.

Translation. Region: Russian Federation –

Source: Winzavod Center for Contemporary Art – An important disclaimer is at the bottom of this article.

On October 15, 2025, a major relaunch of the "Once Upon a Time" exhibition, which became a true cultural phenomenon last season, will open in the historic dungeons of the Winzavod Center for Contemporary Art. This is not just a refreshed exhibition, but a rebirth of its format. The first chapter of the project attracted over 80,000 visitors and became a "place of power" for families, the art community, and tourists.

Now the project's creators are presenting a sequel, "Once Upon a Time: The Kingdom of the Russian Fairytale," expanded with new spaces, stories, and characters. The project is maturing: it not only entertains but also explains the structure of a fairy tale, the archetypes and meanings behind familiar plots. The format and content have been reimagined: from the visual environment to the narrative, from the route architecture to the ideological core. After the re-exposition, the project now features new semantic and visual pairings.

"Working on the new version of the project, we explored the constant elements of the Russian fairy tale—its plot, archetypal characters, and ways of embodying magic. The exhibition shows how these constants—reflections of the collective imagination and worldview of the past—have changed over time: from folk tales to original and Soviet tales, where familiar motifs acquired new interpretations and meanings. We also delve into the mythology of our time to see which phenomena today are 'accumulated' with an aura of wonder and enter into dialogue with tradition," notes project curator Polina Kotova.

The exhibition opens with a hall where visitors are greeted by images of A.S. Pushkin, A.N. Afanasyev, V.I. Dahl, and V.Ya. Propp—collectors and researchers of the Russian fairy tale. This area sets the tone for the updated, "mature" exhibition.

Furthermore, new "wow" objects have been erected in the Winzavod Center for Contemporary Art's underground spaces: a giant bogatyr's head, a life-size Baba Yaga in the Bilibin style and her ominous hut, a winter kingdom, and a renovated "Mushroom War" featuring King Pea. There's also a stable with the Little Humpbacked Horse, a smithy with a Tula anvil, and fairytale animals. A special highlight is the expanded Hall of Soviet Fairy Tales, which recreates the atmosphere of a Soviet interior with iconic film images, artifacts, and illustrations, including, for example, the Soviet version of "The Tale of the Fisherman and the Fish" and "The Frog Princess." For fans of the "golden era" of Russian cinema and animation, this space will be a nostalgic feast.

The exhibition's immersive spaces are designed to immerse viewers in a fairytale-like experience: wandering through a dark forest, encountering wondrous creatures, and returning to a bright expanse. It's not just a spectacle, but also an experience of personal transformation. Based on viewer feedback, the project's organizers have made the exhibition more accessible, enriched with explanations and symbols, while preserving the magic of the first season.

The exhibition features works by contemporary Russian artists: Dania Pirogov, Elena Kovylina, Artur Krivoshein, Alexey Vasiliev, Alexander Vinogradov and Vladimir Dubossarsky, Alexander Krylov, and others.

"This isn't just an exhibition, but a space for meaning and dialogue between generations. Through familiar images and plots, viewers will be able to see how fairy tales were created, how their characters were conceived, and the ideas behind the stories we've known since childhood. Here, you can re-immerse yourself in a fairy tale, see its structure, and understand how true magic is born from simple images," comments project producer Ilya Dybov.

Children, adults, and even four-legged guests are welcome here – if last season the exhibition was dog-friendly, now it is also cat-friendly.

The exhibition is open until January 31, 2026.

Age limit: 6

Exhibition organizer: MTS Live

Exhibition implementation: Triumph Gallery

Curatorial team: Polina Kotova, Ivan Repkin

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.

bar hub EXPO 2025 (September 15, 2025).

Translation. Region: Russian Federation –

Source: Winzavod Center for Contemporary Art – An important disclaimer is at the bottom of this article.

September 16-18, Moscow, Winzavod Center for Contemporary Art

This year, organizers expect over 3,500 unique guests from 200 cities across Russia and neighboring countries. More than 120 companies will present their best brands at the exhibition. This year's theme is "LATINO CARNAVAL," with the primary goal of creating an unforgettable event for attendees and deepening their understanding of bar culture.

As for the educational program, the event will feature four lectures, where experts from around the world will share their experiences on professional bartender growth, bar ecosystem management, business, and the art of mixology.

In addition, during the exhibition, more than 30 Moscow bars will offer guests unique guest bartending sessions, where they can enjoy cocktails prepared by the country's best bartenders.

Don't miss your chance to be part of this outstanding event in the bar industry! We look forward to seeing you at bar hub EXPO 2025—a true celebration of taste and knowledge!

http://barkhov.ru

http://t.te/bar_nub

September 16-18, 2025, Moscow bar hub EXPO 2025 I LATINO CARNAVAL

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 –

An important disclaimer is at the bottom of this article.

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

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.

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 –

An important disclaimer is at the bottom of this article.

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.

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 December 16, 2025, JSC KAVKAZ.RF 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 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.

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 15, 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 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.

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.

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

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

An important disclaimer is at the bottom of this article.

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.