Financial news: On December 12, 2025, the Federal Treasury will hold a deposit auction of 22,025,429.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date 12.12.2025. Unique application selection identifier 22 025 429. Deposit currency rubles. Funds type – Single Treasury Account. Maximum amount of funds placed on bank deposits, monetary units 198,000,000,000. Placement period, in days 4. Date of depositing funds 12.12.2025. Date of return of funds 16.12.2025. Interest rate for placing funds (fixed or floating) FIXED. Minimum fixed interest rate for placing funds, % per annum 15.76. Base floating interest rate for placing funds – Minimum spread, % per annum – Terms of concluding a bank deposit agreement (term, replenishable or special) Term. The minimum amount of funds placed for one application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution, pcs. 2. Application selection form (Open with random completion, Closed, Open with extension). Open with random completion. Application selection schedule (Moscow time). Venue for application selection: Moscow Exchange. Applications will be accepted from 10:00 to 10:10. Applications in preliminary mode from 10:00 to 10:05. Applications in competition mode from 10:05 to 10:10. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated register of applications from 10:50 to 11:20. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:50 to 11:30. Sending an offer to credit institutions to conclude a bank deposit agreement from 11:30 to 11:50. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 11:30 to 11:50. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

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China: Yuan-denominated loans up 15.36 trillion yuan in first 11 months of 2025

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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

BEIJING, Dec. 12 (Xinhua) — China's yuan-denominated loans increased by 15.36 trillion yuan (about 2.17 trillion U.S. dollars) in the first 11 months of this year, according to data released by the People's Bank of China (PBOC) on Friday.

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Supporters of "Taiwan independence" who have forgotten their roots will be condemned by history – Chinese Foreign Ministry

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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

BEIJING, Dec. 12 (Xinhua) — Supporters of "Taiwan independence" who have forgotten their roots will inevitably be rejected by the people and condemned by history, Chinese Foreign Ministry spokesman Guo Jiakun said at a press conference on Friday.

Noting that Japan established colonial rule in Taiwan for half a century and committed countless crimes there, Guo Jiakun said the Democratic Progressive Party (DPP) administration in Taiwan, turning a blind eye to Japan's crimes and the available evidence, shamelessly glorified Japanese colonial rule. -0-

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An important meeting on economic and national defense issues was held in the DPRK.

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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

Pyongyang, Dec. 12 (Xinhua) — The Workers' Party of Korea (WPK) of the Democratic People's Republic of Korea (DPRK) held an expanded meeting of the 13th plenary session of the 8th WPK Central Committee from Tuesday to Thursday, the official Korean Central News Agency (KCNA) reported Friday.

General Secretary of the Workers' Party of Korea Kim Jong-un chaired the meeting, which summed up the implementation of important party and state political tasks for 2025.

Speaking about the work on the economic front, Kim Jong Un emphasized that the main industrial sectors of the national economy fulfilled their production plans, achieving high figures, the agricultural sector recorded higher grain yields compared with last year, many major construction projects were successfully completed, and the five-year plan was fulfilled along with the achievement of economic development goals for this year.

Regarding national defense, significant achievements have been made in line with the Party's policy of modernizing national defense capabilities, and for nearly a year, units of various branches of the Korean People's Army have achieved military success in military operations abroad, the KCNA said in a statement, citing the DPRK leader.

The celebration of the 80th anniversary of the founding of the WPK, which took place this year, redoubled the DPRK people's firm will to build a socialist society, Kim Jong-un added.

He also outlined some of the main challenges currently facing the party, government and state bodies, the statement said.

At the plenary session, several agenda items were discussed and unanimously approved, including a summary of the implementation of party and state political tasks for 2025, the status of the work of the Central Auditing Commission of the party, and important issues related to preparations for the 9th Congress of the WPK. –0–

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Chinese Foreign Ministry: Japanese militarism is the common enemy of all peoples of the world

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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

BEIJING, Dec. 12 (Xinhua) — Japanese militarism is the common enemy of peoples around the world, Chinese Foreign Ministry spokesman Guo Jiakun said on Friday.

According to him, China will work with all peace-loving countries and peoples to defend the results of the victory in World War II and the post-war international order.

“We strongly urge the Japanese side to thoroughly rethink history, learn from it, completely break with militarism, and eliminate its residual influence through concrete actions,” the Chinese diplomat said at a regular departmental press conference. -0-

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Polytechnic University presented its experience at the IAEA conference in Saudi Arabia.

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Source: Peter the Great St. Petersburg Polytechnic University –

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Jamila Idrisova, a senior lecturer at the Institute of Civil Engineering at Peter the Great St. Petersburg Polytechnic University, participated in the international conference "Nuclear and Radiological Emergencies: Building the Future in a Changing World" in Riyadh. The event was organized by the International Atomic Energy Agency (IAEA) and the Saudi Arabian Nuclear and Radiological Regulatory Commission (NRC).

The event, dedicated to strengthening emergency preparedness and response systems, brought together over 700 representatives from 103 countries and six international organizations. The conference featured 120 oral presentations, over 100 poster presentations, four roundtable discussions, and technical sessions covering ten thematic areas. Experts, emergency preparedness and response specialists, regulators, and technical specialists shared their experiences, presented research results, and discussed practical measures to strengthen global preparedness and response to nuclear and radiological emergencies.

In his opening address, NRRC Director General and Conference President Dr. Khalid Aleissa emphasized: "Through the integration of new technologies, the sharing of practical experience, and close collaboration with the IAEA and international partners, we are working together to strengthen global resilience in nuclear and radiological emergency preparedness and response."

Jamila Idrisova, a senior lecturer at the Higher School of Technosphere Safety and the head of the international educational program "Emergency Preparedness and Response" at the Civil Engineering Institute, presented a report at the "Capacity Building – 1" section on the topic: "Experience in training specialists in the international master's program "Emergency Preparedness and Response" at Peter the Great St. Petersburg Polytechnic University."

During the "Capacity Building 1" and "Capacity Building 2" sessions, Jamila Idrisova participated in discussions on key personnel training issues, including exercise and training programs; training opportunities, knowledge management and education, and postgraduate education programs; best practices in national training programs, including distance, hybrid, and practical training; and mechanisms for knowledge retention and transfer of experience.

Plenary sessions and panel presentations focused on coordination and cooperation in nuclear safety and security, public relations, innovative technologies, capacity building, protection strategies, the interplay between nuclear safety and security, and many other topics. Roundtable discussions addressed current issues of international cooperation, including the use of artificial intelligence in emergency management, effective decision-making under uncertainty, ways to enhance emergency preparedness through exercises, and measures for floating and mobile reactors.

"It was especially gratifying to meet Osama Alzahrani and Tamer Alhakbani, both 2024 graduates of the International Master's Program in Emergency Preparedness and Response at the Institute of Civil Engineering. Both graduates are now employed by the Saudi Arabian Nuclear and Radiological Regulatory Commission," noted Jamila Idrisova.

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GUU was recognized as "Partner of the Year" at a conference dedicated to sustainable management

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Source: Official website of the State –

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The State University of Management hosted the All-Russian scientific and practical conference "Sustainable Management: Projects, People, Research" and the awards ceremony for the winners of the GPM Awards Russia 2025 National Competition.

The conference was organized by the Project Alliance Project Managers Association, and co-organized by the State University of Management. Official partners of the event were the Association for Sustainable Development of Industry and the National Institute for Energy-Efficient and Green Construction.

This year's meeting was dedicated to the 95th anniversary of the birth of Mark Lvovich Razu, one of the founders of the project management school in Russia. The scientist's son, Boris Razu, attended the event and expressed gratitude for the fact that the scientific school founded by his father continues to thrive and develop in the Project Management Department at the State University of Management.

At the conference's opening ceremony, experts emphasized the importance of developing a project management culture, integrating ESG approaches, and enhancing the role of science in developing sustainable solutions.

During the strategic session, participants discussed key sustainable development trends in Russia and globally, the evolution of the corporate and government ESG agenda, the impact of technological and personnel changes, and the prospects for industry standards in a rapidly changing landscape.

The strategic session was attended by:

Svetlana Gerasimova, Head of the School of CSR and Sustainable Development and Director of the Project Office for Sustainable Development Strategies and Practices; Pavel Zhesterov, Associate Professor at the Institute of Business Career, Deputy General Director of R-Alliance LLC and Member of the Council of the Association for Sustainable Industrial Development; Alexander Chikin, Director of Sustainable Development and Digitalization at the Ecological Service Sokhrani Les; Ekaterina Dorykina, Sustainable Development Specialist at the Center for Ecology and Climate LLC; Alexander Pavlov, Founder and Head of the Project Management School; Alexander Tovb, President of the SOVNET Project Management Association; and Irina Efremova-Gart, Director of Sustainable Development at Mobius Technologies and Co-Chair of the Expert Council on Sustainable Development at GSOM SPbU.

The session was moderated by Ilya Vinokurov, Deputy Head of the Product Development and Support Department at the Analytical Center under the Government of the Russian Federation, and Nadezhda Tsvetkova, Head of the Digital Departments project office and Associate Professor at the Higher School of Project Activity and Industrial Innovation at SPbPU.

The conference continued with specialized sessions, which provided a platform for in-depth analysis of current challenges and the exchange of practical solutions. Participants focused on changing approaches to implementing sustainable development initiatives and enhancing the professional competencies of strategic development directors, project managers, and project offices. Discussions touched on conducting scientific research in the field of sustainable economics and innovative technologies, as well as changing industry models and strategies for long-term sustainable growth.

Experts from leading large businesses, industry leaders, and government leaders from over 50 Russian regions presented their analytical reports, sharing the results of large-scale ESG transformations and successful practices. Particular attention was paid to leadership models that enable significant results in the implementation of major sustainable development projects and create long-term value for organizations and society.

The conference culminated with an awards ceremony for the winners and finalists of the 2025 National Competition for Professional Project Management in Sustainable Development and ESG in the following categories: Projects, People, Research, Green Office, and Industry Sustainability—each with its own evaluation methodology, expert panel, and selection criteria.

In addition, for its systematic support of the association's projects, expert participation and contribution to the training of management personnel, and for its significant contribution to the development of sustainable project management in Russia, the State University of Management was awarded a special diploma "Partner of the Year 2025" from the Project Alliance Association of Project Managers.

Subscribe to the "Our GUU" Telegram channel. Publication date: December 12, 2025.

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The Foundation of Statehood: Constitution Day of the Russian Federation

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Source: Official website of the State –

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December 12 marks Constitution Day in Russia—a commemorative date commemorating the adoption of the country's main law. This is more than just a celebration—it's a reminder that our legal system rests on a single foundation that transcends all laws, decrees, and regulations.

The Constitution of the Russian Federation has supreme legal force and applies throughout the country, and any regulations that contradict it are null and void. For the first time in Russian history, it enshrines the direct applicability of constitutional norms: every citizen can defend their rights by directly invoking the Constitution, and the courts are obligated to apply it first and foremost.

A product of presidential confrontation

Sergei Chuev, head of the Department of Public and Municipal Administration, spoke about the complex and dramatic history of coordinating the text of the country's main document:

President Boris Yeltsin and the Supreme Soviet of Russia tried to agree on new "rules of the game" throughout the early 1990s. Each side had its own vision. The Supreme Soviet and the Congress of People's Deputies wanted to retain their status as the country's key governing body. Yeltsin's team, however, defended the idea that the "omnipotence of the Soviet" was outdated and a presidential model was needed. Prolonged debates, discussions, and conciliatory meetings yielded no results.

As a result, in the fall of 1993, President Boris Yeltsin decided to take a radical step – a forceful decision to dissolve the Supreme Soviet, which took place in September-October of that year.

As is well known, a constitution always legally enshrines the balance of political forces that exists at the time of its adoption. Russia's fundamental law was no exception. It cemented the presidential "victory."

Expression of the people's will

On December 12, 1993, a referendum was held. 58,187,755 people, or 54.8% of registered voters, participated. 32,937,630 people voted in favor of adopting the Constitution—58.4% of those who participated.

"Russian citizens supported the final draft with their vote, which effectively cemented the country's new political system," concluded Sergei Chuev.

The Constitution officially entered into force on December 25, 1993, the day it was published. It enshrined the principle of separation of powers, human rights and freedoms as the highest values, and a new federal model.

Since 1994, by decree of Boris Yeltsin, December 12 has been a public holiday and a non-working day. However, since January 1, 2005, following amendments to the Labor Code, this day has been designated a working day, and in July of that year, it was designated a commemorative date in Russia.

It should be noted that the Constitution is not a museum exhibit or a ceremonial document, but a working tool that protects citizens' rights every day, regulates the work of government, and determines the country's future. Therefore, since its adoption, the Russian Constitution has been amended repeatedly, reflecting significant changes in Russian society.

"The text of the Constitution has been amended repeatedly, the most significant of which took place in 2020. Gradually, the model of Russia's political system is being filled with new content and practices, emphasizing that the text of the fundamental law is not a 'sacred cow,' but living matter, evolving over time," Sergei Vladimirovich points out.

Sacred symbol

More than a thousand people worked on the text of the Constitution over the course of three and a half years, and it has no single author—it is a collective creation of the era, a sacred symbol of Russian statehood. This is why the special copy of the Constitution, on which the president takes the oath of office upon assuming office, has special significance in the rituals of supreme power in Russia.

The binding of the country's most important book is made of precious red monitor lizard skin, with a massive silver coat of arms and the gold inscription "Constitution of Russia" on the cover. Although the decree establishing presidential regalia was repealed in 2000, and this copy lost its official status, it is traditionally used at all inaugurations as a symbol of continuity and respect for the fundamental law.

Despite its status as a workday, December 12th is marked by celebratory events across the country. The President congratulates citizens on Constitution Day at state awards ceremonies. Regional events include meetings, concerts, and awards ceremonies for judges, lawyers, and government officials. Schools and universities host law classes, lectures, and discussions on civil liberties and the rule of law.

The State University of Management, as a university that trains the next generation of managers, considers one of its key objectives to be developing a deep understanding of the constitutional foundations of Russian statehood in its students. After all, knowledge of and respect for the Constitution is the foundation of responsible, competent, and ethical governance.

Subscribe to the "Our GUU" Telegram channel. Publication date: December 12, 2025.

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The United States intends to keep the oil from the tanker seized off the coast of Venezuela.

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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

Washington, December 12 (Xinhua) — The United States intends to retain the oil from the tanker that U.S. forces seized Wednesday off the coast of oil-rich Venezuela, White House Press Secretary Caroline Leavitt said Thursday.

Several media outlets reported Thursday that the Donald Trump administration may take similar actions against oil tankers off the coast of Venezuela in the coming weeks. Kate Leavitt declined to answer questions about the White House's next steps.

The seized tanker is heading to a US port and is currently undergoing confiscation proceedings, she noted at a press briefing at the White House.

"The United States does intend to confiscate the oil. However, there is a legal procedure for confiscation, and this procedure will be followed," she said.

Speaking about the seized vessel, K. Leavitt said: “This vessel is part of the ‘shadow fleet’, it was transporting illegal oil for the IRGC /Islamic Revolutionary Guard Corps/, which, as you know, is under sanctions.”

UN Secretary-General António Guterres is concerned about the escalation of tensions between the United States and Venezuela, said Farhan Haq, deputy spokesman for the UN chief. "We call on all parties to refrain from actions that could further escalate bilateral tensions and destabilize Venezuela and the region," he said at a daily briefing.

As a reminder, the United States has maintained a significant military presence in the Caribbean Sea for nearly four months, primarily off the coast of Venezuela, ostensibly to combat drug trafficking. Caracas, for its part, condemned Washington's statement as a thinly veiled attempt to achieve regime change in the South American country.

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On December 11, 2025, the International Kremlin Cadet Ball was held in Moscow.

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Source: Gazprom – An important disclaimer is at the bottom of this article.

The tenth anniversary ball took place on December 10. It was dedicated to the 80th anniversary of Victory in the Great Patriotic War, the Year of the Defender of the Fatherland, and support for the Special Military Operation. The event was attended by 3,400 young men and women from all regions of Russia and 63 countries.

Hero of the Russian Federation Alexei Romanov read a greeting from Russian President Vladimir Putin to the ball's participants and guests. The head of state expressed confidence that the project would continue to strengthen cadet brotherhood, preserve national and historical traditions, and instill in young people the lofty ideals of honesty, loyalty, and nobility.

"Special words of gratitude go to the initiators and creators of this vibrant, truly inspiring project."

Vladimir Putin, President of Russia

Greetings were also received from State Duma Chairman Vyacheslav Volodin, Foreign Minister Sergei Lavrov, Defense Minister Andrei Belousov, Director of the Russian National Guard Viktor Zolotov, and other officials.

The International Kremlin Charity Cadet Ball has been held in Moscow since 2016. Its goal is to foster patriotic education among youth, preserve historical memory, cultural and moral traditions, and strengthen intergenerational ties and international humanitarian ties.

The event is attended by the best students from cadet institutions, Suvorov and Nakhimov military schools, members of youth military-patriotic clubs, cadets from departmental higher education institutions, children of SVO participants, and representatives of friendly countries. The ball is supported by the President of Russia. Distinguished guests include Heroes of the Soviet Union and the Russian Federation, SVO participants, prominent public, political, and religious figures, and representatives of foreign countries.

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