Financial News: Bond Market Continues to Grow in July

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The easing of monetary policy amid signs of a sustained slowdown in inflation has contributed to a decline in bond yields and an increase in their prices. At the same time, the population significantly increased its investments in both government and corporate bonds in July.

The ruble weakened against major foreign currencies in July after a seven-month strengthening trend. Demand for currency from legal entities — clients of banks and individuals on the domestic market increased compared to the previous month.

Read more in the next issue "Review of Financial Market Risks".

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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 changing the listing level of securities

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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In accordance with the Listing Rules of Moscow Exchange PJSC, the Chairman of the Management Board made the following decisions on 08.08.2025:

transfer on 08.08.2025 from the “Third Level” section to the “First Level” section of the List of Securities Admitted to Trading on Moscow Exchange PJSC, the following securities:

Name of the issuer/organization Limited Liability Company “Specialized Financial Company Split Finance”
Name of security Non-convertible interest-bearing book-entry bonds secured by cash claims
Identification/Registration Number of the Issue 4-01-00908-R-001P from 07/08/2025
Trade code RU000A10C3F4
ISIN code RU000A10C3F4
Basis for decision making Statement

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

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Financial news: The Bank of Russia has identified over 4 thousand fraudulent and illegal projects in the first half of 2025

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Compared to the same period last year, the number of identified financial pyramids and other illegal entities has increased by 20%.

More than 88% of the identified financial pyramids and illegal brokers offered people investments in pseudo-investment schemes. In total, in the first half of 2025, the Bank of Russia recorded 2.3 thousand pyramid Internet projects.

"The number of pyramids has increased by 1.4 times compared to the same period last year. However, their lifespan has decreased, and the Bank of Russia identifies such projects much faster," says Ilya Kochetkov, Director of the Department of Non-Bank Lending.

The number of black lenders has decreased more than twofold – in the first half of the year, more than 460 such companies were recorded. The regulator also identified almost 1.4 thousand pseudo-brokers.

Fraudsters often create several related projects under different brands to bypass blocked sites. In January-June, 11 thousand Internet resources belonging to illegals were blocked at the initiative of the Bank of Russia. The structure of half of these sites was built using templates.

According to the Bank of Russia, more than 200 administrative cases were initiated against the organizers of illegal projects in the first half of the year for illegal professional activity in providing consumer loans, and more than 300 other response measures were taken.

Read more inanalytical material Bank of Russia.

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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: Unscheduled technical work on the T0 stock market test circuit

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Today, August 8, 2025, we are conducting unscheduled maintenance on the dedicated test circuit T0 of the stock market (UAT_GATEWAY). We apologize for the inconvenience.

Temporary loss of access to the test system is possible, as well as a reset of applications and transactions concluded in the test system on the day of the work.

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.

Financial news: 08.08.2025, 10-17 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JWGS8 (TbankB20) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08.08.2025

10:17

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 08.08.2025, 10-17 (Moscow time), the values of the upper limit of the price corridor (up to 99.21) and the range of market risk assessment (up to 1050.84 rubles, equivalent to a rate of 16.25%) of the security RU000A0JWGS8 (TbankB20) 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.

Russia and the UAE have signed an agreement on trade in services and investment.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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An intergovernmental agreement on trade in services and investment was signed in the Kremlin on the sidelines of the meeting between Russian President Vladimir Putin and United Arab Emirates President Mohammed Al Nahyan on August 7. The document was signed by Russian Minister of Economic Development Maxim Reshetnikov and by the Emirates Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi.

The agreement forms the legal basis for increasing trade and investment cooperation between Russia and the UAE, significantly reducing barriers and opening up new prospects for companies in both countries. Stable and transparent rules for doing business and investment activities are established.

The document complements the free trade agreement in goods between the EAEU and the UAE, signed in June 2025. Together, these agreements create a comprehensive and inclusive free trade area, providing businesses in both countries with additional preferences compared to the rules of the World Trade Organization.

The agreement provides new opportunities for Russian companies to enter the UAE market and expand their presence. Thus, Russian service providers and investors will be able to operate without restrictions in such sectors as computer services, research and development, technical testing, technical consulting, computer backup in air transport, repair of sea and aircraft, rail transport, management services, educational, legal services. In addition, Russian companies are guaranteed the opportunity to open subsidiary banks, medical institutions and news agencies with 100% Russian capital in specialized free zones of the UAE.

The agreement will also facilitate the implementation of mutually beneficial joint projects in priority sectors such as energy, industrial production, and infrastructure. The parties will establish a Russian-UAE Investment Council, whose tasks will include expanding investment cooperation between the two countries and eliminating barriers to such interaction.

"The agreement will give new impetus to positive and mutually beneficial cooperation with the UAE. It will contribute to the expansion of bilateral trade and economic cooperation in trade in services, diversification of trade flows, expansion and deepening of cooperation ties," noted Maxim Reshetnikov.

Let us recall that the UAE President is in Moscow on an official visit. The focus of the high-level talks is the state and prospects for further development of multifaceted Russian-Emirati cooperation.

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.

Financial news: Federal Treasury deposit auction to take place on 08.08.2025

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters
Date of the selection of applications 08.08.2025
Unique identifier of the application selection 22025229
Deposit currency rubles
Type of funds funds of the single treasury account
Maximum amount of funds placed in bank deposits, million monetary units 400,000
Placement period, in days 4
Date of deposit 08.08.2025
Refund date 08/12/2025
Interest rate for placement of funds (fixed or floating) Fixed
Minimum fixed interest rate for placement of funds, % per annum 17,19
Basic floating interest rate for placement of funds
Minimum spread, % per annum
Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed for one application, million monetary units 1,000
Maximum number of applications from one credit institution, pcs. 5
Application selection form (open or closed) Open
Application selection schedule (Moscow time)
Venue for the selection of applications PAO Moscow Exchange
Applications accepted: from 09:30 to 09:40
*Preliminary applications: from 09:30 to 09:35
*Competition mode applications: from 09:35 to 09:40**
**Time interval for the end of accepting applications (seconds): 120
Formation of a consolidated register of applications: from 09:40 to 09:50
Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
Submission to credit institutions of an offer to conclude a bank deposit agreement: from 10:00 to 10:50
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 10:50
Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

* for the open form of selection of applications from credit institutions for the conclusion of bank deposit agreements.

** the end time for accepting applications from credit institutions to conclude bank deposit agreements is set within the time interval and is determined by the exchange’s information software and hardware arbitrarily, within the established time interval.

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.

Financial news: 07.08.2025, 17-04 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A0ZYT40 (Rosnft2P4) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

07.08.2025

17:04

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 07.08.2025, 17-04 (Moscow time), the values of the lower limit of the price corridor (up to 96.63) and the range of market risk assessment (up to 908.65 rubles, equivalent to a rate of 13.75%) of the RU000A0ZYT40 (Rosnft2P4) security 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.

Financial news: 08.08.2025 JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

Date of the deposit auction 08.08.2025. Placement currency RUB. Maximum amount of funds placed (in the placement currency) 190,000,000. Placement term, days 41. Date of depositing funds 12.08.2025. Date of return of funds 22.09.2025. 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) 190,000,000. 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.

The Ministry of Economic Development has named the top 10 regions where hotels and motels are more actively undergoing classification than others

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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Russian Minister of Economic Development Maxim Reshetnikov and State Secretary – Deputy Minister Alexey Khersontsev held a meeting with regions on the pace of classification of accommodation facilities, where they summed up the interim results, highlighting the regions that are leaders in the implementation of the classification reform.

The subjects that have most actively participated in the process include the Altai Republic, Kaliningrad Region, Astrakhan Region, Altai Krai, the Republic of Tatarstan, Nizhny Novgorod Region, Moscow, Chelyabinsk Region, Samara Region and Sverdlovsk Region.

"We thank these regions for their prompt work. Their experience shows that with close cooperation with business, reform is faster and more effective," noted Maxim Reshetnikov.

The key innovations from January 1 this year are the introduction of mandatory classification for new types of tourist accommodation and the division of classification into two stages. Now, not only hotels are subject to classification, but also campsites, recreation centers, including glamping.

To legally operate, all owners of accommodation facilities must pass the first stage of classification – self-assessment. The result of passing the self-assessment is inclusion in the register of classified accommodation facilities, published on the Rosaccreditation website. The procedure for inclusion in the register is extremely simple: owners independently enter data about their facilities. This is a mandatory step for the legal provision of services. Since March 1, regions have been monitoring compliance with this requirement. If it is discovered that services are being provided by an accommodation facility that is not included in the register, it is issued an order to undergo a self-assessment. If such an order is not followed, the entrepreneur may be fined.

If a hotel or sanatorium provides higher quality services, they can go through the second stage – receiving a category ("stars"). To do this, you need to contact an accredited organization using your personal account in the registry.

“The reform is aimed at giving tourists more options to choose from and allowing businesses to operate in fair conditions,” stressed Maxim Reshetnikov.

To combat illegal posting, site monitoring, on-site inspections and test purchases are used. 2,487 warnings have already been issued, the largest number being in Moscow (629), Krasnoyarsk Krai (353) and St. Petersburg (213).

The reform should be completed by September 1, 2025, after which all accommodation facilities that have not passed the self-assessment will be automatically suspended from the register and will not be able to sell services on booking aggregator websites. Also, from September 6, fines will come into effect – for absence from the register and for inaccurate information on aggregators.

"Our task is to help businesses adapt and, if possible, avoid such fines. Therefore, we ask the regions to strengthen their interaction with accommodation facilities: to consult, conduct information campaigns, and conduct preventive visits," said State Secretary – Deputy Minister Oleksiy Khersontsev.

"There is a month left until September 1 – the deadline for completing the self-assessment. The Ministry of Economic Development, together with Rosaccreditation, has created all the necessary legal and technical instruments for implementing the reform. Tourists must receive reliable information – this is the basis for trust and development of the industry," the minister summed up.

Regions have been instructed to strengthen their work with businesses and ensure that as many as possible complete self-assessments by September 1.

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.