Category: Russian Economy

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Financial News: Suspicious transactions down 19% in 2025.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Hedecreased From 90 to 72.6 billion rubles. The volume of suspicious cash withdrawal transactions across all sectors of the economy decreased by a quarter, to 48.3 billion rubles.

In the banking sector, cash withdrawals decreased by 28%, primarily due to two popular schemes. The volume of such illegal transactions using payment cards of companies and individual entrepreneurs dropped almost by half. Transfers to individual accounts from companies that were not actually conducting business fell by 24%.

Suspicious transactions with signs of money transfer abroad in 2025 compared to 2024 decreased by 5%, to 24.3 billion rubles.

The continued trend of reducing suspicious transactions was facilitated by the interaction between the regulator and banks, as well as the operation of the platform. Know Your Customer (ZSK). The accuracy of the assessments generated by the ZSK is confirmed by the consistently low share of clients rehabilitated by the Interdepartmental Commission—only 0.3% of the total number of high-risk clients. According to the ZSK, 97.1% of companies and sole proprietors are classified as low-risk.

Countermeasures against suspicious transactions by shell companies (money mules), through which illegal businesses (anonymous crypto exchanges, online casinos, and others) conduct payments to individuals, have been strengthened. Banks have learned to detect such transactions in real time, many using artificial intelligence. In 2025, the lifespan of a money mule card was significantly reduced: whereas previously, payments using such cards could be processed for over a month, now they are typically stopped within a day. The average transaction amount per money mule has been reduced from 1–3 million rubles to 100–150 thousand rubles, and the volume of suspicious transactions on money mule accounts across the banking sector as a whole has decreased severalfold.

Preview photo: Andrii Avram / 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.

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Financial news: On holding auctions on April 1, 2026, to place OFZ issues No. 26249RMFS and No. 26253RMFS.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

We inform you that, based on a letter from the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Trading on the Stock Market, Deposit Market, and Loan Market of Moscow Exchange PJSC, the order establishes the form, time, duration, and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26249RMFS from June 20, 2025
Date of the auction April 1, 2026
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26249RMFS1
ISIN code RU000A10BVC8
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26253RMFS from October 17, 2025
Date of the auction April 1, 2026
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26253RMFS3
ISIN code RU000A10D517
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 12:00–12:30; bid execution period: 13:00–18:00.

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.

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Financial news: Long-term incentive programs for companies: recommendations from regulators.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The Bank of Russia and the Ministry of Finance advise public companies to structure their remuneration policies so that management incentives are aligned with investors' long-term shareholder returns. These recommendations are intended for issuers whose shares are already traded on the stock exchange, as well as those preparing to enter the equity capital market.

The document is intended to motivate individual employees and senior management to work toward capitalization growth and market-oriented performance. Currently, only one in three listed issuers has programs that entitle managers to receive shares as compensation for achieving key performance indicators (KPIs).

Information letter with recommendations published on regulators' websites. It describes examples of both good and bad practices and proposes unified approaches to program development, including the selection of KPIs, program duration, conditions, forms, and payment amounts.

It is recommended to use total shareholder return (TSR) as indicators (it takes into account the share price and dividends paid), and if dividends are not paid, the market value of the company (capitalization).

It is desirable for the program to be long-term – at least 5 years. For companies with a short investment cycle (for example, in the retail sector), the term may be shorter – 3 to 5 years. During this period, bonuses should be distributed unevenly, with the bulk of payments shifted to the final stages. It is recommended to set a cap on the bonus pool: it can reach 2 to 5% of the issuer's market value.

Following these recommendations will improve the effectiveness of incentive programs, positively impact the investment attractiveness of shares, and contribute to achieving the national goal of ensuring stock market capitalization growth to at least 66% of GDP by 2030.

Preview photo: Volha_R / 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.

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Financial news: 03/31/2026, 14-20 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the RU000A0JWVL2 (EuroplanB7) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

14:20

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on March 31, 2026, 14-20 (Moscow time), the values of the lower limit of the price corridor (up to 100.2) and the range of market risk assessment (up to 931.64 rubles, equivalent to a rate of 21.0%) of the security RU000A0JWVL2 (EuroplanB7) 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.

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Financial news: 03/31/2026, 14-07 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the RU000A0JWVL2 (EuroplanB7) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

14:07

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 31, 2026, 14:07 (Moscow time), the values of the lower limit of the price corridor (up to 103.73) and the range of market risk assessment (up to 967.02 rubles, equivalent to a rate of 18.0%) for the security RU000A0JWVL2 (EuroplanB7) 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.

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Financial news: 03/31/2026, 13-40 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the RU000A0JWVL2 (EuroplanB7) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

1:40 PM

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 31, 2026, 1:40 PM (Moscow time), the values of the lower limit of the price corridor (up to 107.27) and the range of market risk assessment (up to 1002.4 rubles, equivalent to a rate of 15.0%) for the security RU000A0JWVL2 (EuroplanB7) 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.

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Financial news: 03/31/2026, 11:24 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A101590 (DOM 1P-7R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

11:24

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 31, 2026, 11:24 (Moscow time), the values of the upper limit of the price corridor (up to 105.37) and the range of market risk assessment (up to 1142.91 rubles, equivalent to a rate of 8.75%) for security RU000A101590 (DOM 1P-7R) 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.

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Financial news: 03/31/2026, 11:23 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JWVT5 (RESOLizB05) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

11:23

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 31, 2026, 11:23 (Moscow time), the values of the upper limit of the price corridor (up to 127.59) and the range of market risk assessment (up to 1539.0 rubles, equivalent to a rate of 37.5%) of the security RU000A0JWVT5 (RESOLizB05) 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.

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Financial news: Russian companies raised 4.5 trillion rubles using Moscow Exchange's Bookbuilder service.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

The volume of funds raised through the Moscow Exchange's Bookbuilder service, designed to assemble the order book for bond placements, has amounted to 4.5 trillion rubles since its launch in March 2025.

During this time, 145 issuers have used Bookbuilder, collecting over 300 books with the participation of over 25 organizing banks.

Bookbuilder is a digital platform for automating and simplifying the order book process for bond placements on the Moscow Exchange.

The service offers customized access for investment banks organizing placements and allows for simultaneous work on order book building, ensuring transparency, speed, and accuracy in demand management.

One of the key innovations of the Bookbuilder service was the introduction of a new business model for interaction between placement organizers and issuers. Using the service, issuers can monitor the order book building and allocation process in real time.

Detailed information about the service on the Moscow Exchange website.

The Moscow Exchange Group operates Russia's only multifunctional exchange platform for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The Group includes a central depository and a clearing center, which acts as a central counterparty in the markets, allowing Moscow Exchange to provide its clients with a full range of trading and post-trading services.

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.

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Financial news: 03/31/2026, 10:15 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105DN0 (FSC RS BO6) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 31, 2026

10:15

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 31, 2026, 10:15 (Moscow time), the values of the upper limit of the price corridor (up to 99.69) and the range of market risk assessment (up to 1054.74 rubles, equivalent to a rate of 11.25%) of the security RU000A105DN0 (FSC RS BO6) 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.