Category: Russian Economy

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Federal loan bonds (OFZ) rose in 2025 after two years of decline amid a gradual slowdown in inflation and monetary easing. In the corporate bond market, the popularity of floating-rate bonds declined, with fixed-rate bonds accounting for the bulk of placements.

Banks remain the key investors in OFZs and corporate bonds, while the share of institutional investors and individuals is gradually increasing.

The digital financial asset market grew thanks to short-term debt issues. Among the issuers, there was an increase in the number of small companies that had not previously issued bonds.

Read more inReview of Financial Instruments for 2025.

Preview photo: Kenishirotie / Shutterstock / Fotodom

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.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The number of citizens involved in the Russian financial market has grown significantly in recent years, but this has not led to an increase in systemic risks. This is the conclusion reached by the Bank of Russia after analyzing the retail investment market.

Although unskilled retail investors predominate numerically, qualified investors, who account for the bulk of trading volume, have a decisive influence on market conditions and its stability. In 2025, they behaved countercyclically: reducing their investments during periods of market growth and increasing them during periods of decline, which helped limit price volatility. To increase market liquidity and maintain market stability, it is important for the number of investors with small and medium-sized portfolios to grow.

Most people prefer blue-chip stocks and the highest-quality bonds. They consistently add new instruments to their portfolios, diversifying their investments. However, retail investors' interest is primarily focused on financial and oil and gas securities, as well as government bonds, indicating a lack of sector diversification in their portfolios. This can negatively impact their investment returns during changing market cycles, so it's important to increase portfolio diversification across sectors.

Read more in the report Retail Investment Market.

Preview photo: Sfio Cracho / Shutterstock / Fotodom

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.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Net inflows into mutual investment funds (MIFs) increased by more than a third in 2025, reaching 2.8 trillion rubles. This was just short of the 2023 record, when inflows exceeded 2.9 trillion rubles. Closed-end funds continued to account for the bulk of the inflows into MIFs.

However, last year, public interest in open-end bond mutual funds increased, with investments in them growing most rapidly. Money market exchange-traded funds also enjoyed popularity among investors, with returns remaining attractive despite the key rate cut.

The influx of funds and their positive returns accounted for the bulk of the growth in the value of management companies' client assets. In 2025, it grew by a quarter to 32.6 trillion rubles.

The volume of assets under trust management in the fourth quarter reached a new high since the beginning of monitoring in 2017, reaching 3.3 trillion rubles. Unqualified investors, who were exiting mass strategies, continued to be replaced by qualified investors with individual contracts. In total, retail investors invested 172 billion rubles in trust management, compared to 60 billion rubles the previous year.

Read more in"Review of key performance indicators of management companies for the fourth quarter of 2025".

Preview photo: Fish studio / Shutterstock / Fotodom

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.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The winning region's FinEco project combines themes of financial literacy, rational use of personal finances, and environmental stewardship. It includes a financial literacy project competition among work teams, as well as the creation of a dedicated portal and mobile app so that any Primorye resident can participate in the project's online activities.

This year, we are in the finals of the All-Russian competition. "The Capital of Financial Culture" Thirteen regions participated. Participants proposed their corporate financial education programs in the workplace, television shows and plans for training media ambassadors, chatbots and training quests, family festivals, and teaching skills competitions.

"There are many different projects for different audiences. They allow other regions to evaluate which ideas will be successful, which are in demand, which will be most effective, and then scale these projects up nationwide. I believe this young competition is proving its worth. Quantitative effects are difficult to measure immediately, but we see that financial literacy is gradually becoming woven into our everyday, mundane lives. This is how financial culture is formed," noted Elvira Nabiullina, Governor of the Bank of Russia.

The "Capital of Financial Culture" competition is being held for the second time. It was organized by the Bank of Russia and the Ministry of Finance to support the best regional financial education initiatives.

"Financial literacy has become part of the cultural code of our citizens. It's hard to imagine modern people without effective savings management skills. Interest in financial products, financial strategies, and personal and family budgeting practices is growing every year. Today, we are choosing a new capital of financial culture from among 22 regions. We hope that the winning region will contribute something new to the development of the country's financial culture," noted Finance Minister Anton Siluanov.

Primorsky Krai will receive informational, expert, and methodological support for its future projects. Furthermore, the winning region will host forums and conferences to share experiences and promote financial culture in the country.

Last year, the Nizhny Novgorod Region and Krasnoyarsk Krai received the title of "Capital of Financial Culture." Ten of the 12 finalists launched their projects.

Preview photo: Alexander Khitrov / Shutterstock / Fotodom

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.