Category: Russian Economy

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Financial news: Citizens will be able to connect a “second hand” service to protect themselves from fraudsters

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1st this year, people will have new opportunity protect yourself and your loved ones from fraudsters. Control over banking operations can now be entrusted to a relative or friend, who will have the right to confirm or reject money transfers if they seem suspicious. At the same time, the assistant will not have access to the account and the right to carry out independent operations.

This measure will protect the most vulnerable citizens, especially the elderly, from fraudsters, and will also strengthen parental control over transfers by teenagers, who often find themselves involved in dropper schemes without proper understanding of the negative consequences.

The transaction is confirmed or rejected within 12 hours from the moment of notification. Only the client can initiate the service connection. Each bank determines the method of service connection independently. If the client refuses the service, the bank will be obliged to disconnect it within 24 hours. Such a cooling-off period will reduce the risk of the "second hand" service being disconnected under the influence of fraudsters.

The mechanism applies to money transfers, including those using bank cards, transfers through the Fast Payment System and cash withdrawals.

Preview photo: Viktoriia Hnatiuk / 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: Imports rose in Q2 while exports fell.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Imports in the second quarter of 2025 expanded compared to the same period last year, largely due to services, including increased spending by Russians on trips abroad. The growth of imports of goods was restrained by factors such as an increase in the recycling fee, large inventories, and high interest rates on loans.

Exports, on the other hand, remained below last year's level. This was due to lower world prices for oil and coal, OPEC oil production restrictions, reduced grain stocks and export quotas.

As a result of the decline in exports and the increase in imports in dollar terms, the current account surplus declined in the second quarter.

Read more in the quarterly issue of the information and analytical commentary "Balance of Payments of the Russian Federation".

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: Risks of Money Laundering and Terrorist Financing in the Financial Sector: Bank of Russia Assessment

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Bank of Russia assessed the risks of money laundering and terrorist financing (ML/FT) in the financial sector over the past 5 years andpublishes a report on the results.

This work is carried out taking into account the recommendations of the Financial Action Task Force on Money Laundering (FATF).

The regulator has formed an assessment of the risk level for each sector of the financial market supervised by the Bank of Russia. The probability of various schemes being manifested in them has been analyzed, and characteristic features of income laundering methods have been identified. This information helps to increase participants' awareness of ML/FT risks and the effectiveness of work to prevent them. Based on this data, the regulator is developing measures to reduce the possible use of financial institutions in illegal activities.

The Bank of Russia conducted a sectoral risk assessment taking into account the results national risk assessments money laundering and terrorist financing.

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: On changes in the mechanism for executing perpetual futures on indices, precious metals and shares of Russian issuers

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From August 29, 2025, changes will be made to the specifications of one-day futures contracts with automatic rollover on indices, precious metals and shares of Russian issuers in terms of the contract execution mechanism.

By analogy with perpetual currency futures, a one-time payment of 3% of the nominal value of the contract is introduced, which is paid by the client who submitted the execution order in favor of the client whose positions were executed without submitting the order.

The changes are intended to unify the contract execution mechanism introduced in April 2025 for perpetual currency futures with other perpetual contracts and to increase the predictability of working with instruments for all categories of clients.

In connection with testing the new contract execution mechanism, the nearest date for submitting orders for execution of IMOEXF, GLDRUBF, SBERF, GAZPF futures is postponed from September 4 to December 4, 2025. Thus, in September, the submission of orders for execution under these contracts is not provided. The date for submitting orders for execution of USDRUBF, CNYRUBF, EURRUBF contracts remains unchanged – September 4, 2025.

The execution of orders is carried out in the manner prescribed by the clearing rules of the NCO NCC (JSC) and the specifications of contracts:

execution of orders takes place in the evening clearing of the day of submission of the order; when executing orders, a clearing commission of 0.1% is charged, as well as a one-time payment of 3% of the nominal value of the contract, which is paid by the party that submitted the order for execution in favor of the party whose positions were executed without the submission of the ordery1sh. The formula for calculating the payment is reflected in the specification; execution is carried out by two transactions: closing a position in a one-day contract and opening a position in the nearest quarterly futures (these transactions are carried out at the settlement price of the perpetual contract during evening clearing); first, the counter orders are executed; the remaining orders that are not executed as a result of the execution of the counter orders are executed without submitting an order; the selection of settlement codes, the positions of which are executed without submitting orders, occurs proportionally to the volume of open positions in descending order of the volume of open positions (opposite direction).

Detailed information on the dates of submission and execution of orders, as well as the execution mechanism, is provided on the pages HTTPS: //VVV. MEEX.K.M.K., HTTPS: //VVV. MEEX.K.M.M., HTTPS: //VVV. MOEX.MO/A8803 And HTTPS: //VVV. MEEX.MO/A8805.

New editions of the perpetual contract specifications have been posted on the Moscow Exchange website HTTPS: //VVV. MOEX.K.M.K..

y1sh Clearing fees are charged to all clients whose positions were executed on the order. A one-time fee is not charged in the case of execution of two counter orders and is charged if the execution of the order resulted in execution of contracts of the party that did not submit the order. Contact information for the media 7 (495) 363-3232Pr@moex.kom

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: Microloan Market Returns to Growth with More Affordable Loans

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The market driver in Q2 2025 was loans with a moderate interest rate, where the total cost of credit (TCC) does not exceed 100% per annum. First of all, this is the issuance of new tranches within previously opened credit lines for the purchase of goods on marketplaces and online retail outlets. At the same time, the share of the most expensive loans decreased to 47.6%, falling below half of quarterly consumer loans issued by microfinance organizations (MFOs) for the first time.

The volume of loans issued by microfinance organizations associated with the largest marketplaces and non-banking settlement credit organizations once again exceeded the figures of independent microfinance organizations, which, on the contrary, have been declining in loans for the second quarter in a row.

The quality of the MFI loan portfolio has worsened in both the business and consumer loan segments: the level of overdue loans over 90 days has increased after a long decline. The main reason was the maturing of overdue loans on consumer loans issued in Q4 2024 and Q1 2025. Only 11% of the volume of loans issued during this period ended in full repayment, with clients not taking out new loans. Almost half of the loans were issued to borrowers who, after repaying one loan, took out a new one and fell into a debt spiral, and in 20% of cases, their debt increased. Among loans with overdue payments, in every fourth case, borrowers failed to cope with the debt burden on the first payment. On the one hand, this indicates excessive indebtedness of citizens, and on the other, the continued increased risk appetite of MFIs.

The introduction of a new system of credit will help reduce the debt burden of citizens the obligation to take into account only the official income of the borrower when assessing his debt burden, and also limiting the number of expensive loans in operation at the same timeand establishing a cooling-off period between them.

Read more in"Trends in the MFI market for the second quarter of 2025".

Preview photo: YesPhotographers / 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: 08/26/2025 JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

Date of the deposit auction 08/26/2025. Placement currency RUB. Maximum amount of funds placed (in the placement currency) 175,000,000. Placement term, days 29. Date of depositing funds 08/26/2025. Date of return of funds 09/24/2025. Minimum placement interest rate, % per annum 17. Terms of the conclusion, urgent or special (Urgent). Minimum amount of funds placed for one application (in the placement currency) 175,000,000. 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 10:30 to 10:40. Competitive bids from 10:40 to 10:50. Setting the cutoff percentage or declaring the auction invalid before 11:30. Additional terms.

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: Over a thousand bonds will become available to investors at evening trades on the Moscow Exchange

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From August 26, 2025, during the evening trading session of the Moscow Exchange stock market, investors will be able to make transactions even with 987 bonds, including corporate and municipal bonds.

The total number of bonds available in the evening period will reach 1,320.

In addition to bonds, trading participants and their clients can conduct transactions with shares and fund units during evening trading.

Private investors are the main participants in the evening trading session, accounting for about 70% of the total volume of transactions in evening trading. Since the beginning of 2025, individuals have invested 1.25 trillion rubles in bonds on the Moscow Exchange, which is twice as much as in the same period last year.

Corporate bonds became available at evening trading from May 20, 2025.

Evening trading gives investors the opportunity to make deals at a time convenient for them. The evening session begins with the opening auction (from 19:00 to 19:05), trading takes place from 19:05 to 23:50.

General list of tools, available at evening trading on the stock market, is posted on the Moscow Exchange website.

Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

Contact information for media 7 (495) 363-3232Pr@moex.kom

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: 08/25/2025, 12:53 (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 –

An important disclaimer is at the bottom of this article.

08/25/2025

12:53

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on August 25, 2025, 12:53 (Moscow time), the values of the upper limit of the price corridor (up to 18:18) and the range of market risk assessment (up to 207.81 rubles, equivalent to a rate of 60.0%) of the SU26231RMFS9 security (OFZ 26231) were changed.

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: 08/25/2025, 11:29 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0ZYU21 (ALPHA BO40) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/25/2025 11:29

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 08/25/2025, 11-29 (Moscow time), the values of the upper limit of the price corridor (up to 123.02) and the range of market risk assessment (up to 1410.94 rubles, equivalent to a rate of 28.5%) of the security RU000A0ZYU21 (ALPHA BO40) were changed

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: 08/25/2025, 11:54 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the SU26244RMFS2 security (OFZ 26244) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/25/2025 11:54

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 25, 2025, 11:54 (Moscow time), the values of the lower limit of the price corridor (up to 83.34) and the range of market risk assessment (up to 835.09 rubles, equivalent to a rate of 11.25%) of the security SU26244RMFS2 (OFZ 26244) were changed.

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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