Category: Russian Economy

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Financial news: Andrey Popov appointed head of the Volga-Vyatka Main Administration of the Bank of Russia (February 27, 2026).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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By order of the Chairman of the Bank of Russia, Andrey Anatolyevich Popov has been appointed head of the Volga-Vyatka Main Administration of the Central Bank of the Russian Federation from March 3, 2026.

Andrey Popov, a PhD candidate in economics, has worked at the Bank of Russia for nearly 30 years. Since 2020, he has headed the Bank of Russia's Operations Department. Deputy Director Pavel Levin has been appointed acting director of this department.

When using the material, a link to the Press Service of the Bank of Russia is required.

February 27, 2026

10:00:00

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: Artificial intelligence, cryptocurrencies, and dropshipping: how pyramid schemes and other illegal activities operated in 2025.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Bank of Russia revealed In 2025, there were more than 7,000 financial pyramids and other illegal financial market participants. Almost all of the pyramids and pseudo-brokers (more than 5,700) operated online. Often, the organizers promoted the same scheme under different names: there were cases where projects were duplicated more than 300 times.

Illegal actors offered to invest in cryptoassets and pay for participation in Ponzi schemes using cryptocurrency—this method allows the scammers to maintain anonymity and avoid prosecution. Last year, more than 4,600 cryptocurrency wallets were identified where victims of Ponzi schemes deposited funds. Some of these wallets were also used by pseudo-brokers to fund clients' trading accounts.

To attract a younger audience, scheme creators emphasized the use of artificial intelligence. A dangerous trend has emerged, involving participants in illegal projects in dropshipping schemes. As a result, they not only lose their money but also risk becoming accomplices to the crime.

Black lenders (1,100 projects) actively used the online format, opening new brick-and-mortar offices under a common brand. This scheme was used by pseudo-pawnshops and consignment stores, which illegally issued loans purportedly secured by the items being traded in.

At the initiative of the Bank of Russia, 21,500 online resources belonging to financial pyramids and illegal entities were blocked in 2025. The regulator forwards information on all identified illegal projects to law enforcement agencies, the Federal Antimonopoly Service of Russia, and other organizations to prevent illegal activity. In 2025, based on the review of such materials (including for previous periods), more than 440 administrative cases were initiated and over 650 different response measures were taken.

Preview photo: Bachirii1 / 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 February 27, 2026, the Interregional Federal Treasury will hold deposit auction 22,026,042 in the field of liquidity management.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters:

Application selection date 27.02.2026. Unique application selection identifier 22 026 042. Deposit currency rubles. Funds type – Single Treasury Account. Maximum amount of funds placed on bank deposits, monetary units 88,000,000,000. Placement period, in days 4. Date of depositing funds 27.02.2028. Date of return of funds 03.03.2026. Interest rate on placement of funds (fixed or floating) FIXED. Minimum fixed interest rate on placement of funds, % per annum 14.8. Base floating interest rate on placement of funds – Minimum spread, % per annum – Terms and conditions 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. Conditions for the offsetting of mutual obligations under bank deposit agreements, repurchase agreements and securities loan agreements (with or without offsetting mutual obligations). Without offsetting mutual obligations. 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 PJSC. 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 11:10 to 11:40. Establishing a cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 11:10 to 11:50. Formation of a consolidated register of bank deposit agreements from 11:50 to 12:10. Information on settlements In accordance with the requirements of paragraphs 64 and 65 of the Order of the Federal Treasury dated September 18, 2025, No. 8n

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Interest in distressed assets: Alfa-Bank and A1 will create an investment fund worth 30 billion rubles.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

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Image: mainfin.ru

What is known about the new "special situations" fund?

The fund that is being created Alfa-Bank and A1 (a company specializing in distressed assets) are planning to launch a fund for investments in "special situations." A1's management revealed some details of the project:

The investment amount will be up to 30 billion rubles; the key investment vector is "distressed assets"; the investment horizon is up to three years; Alfa-Bank will be the anchor investor, A1 will seek partners, and Alfa-Capital will handle management.

"Companies facing difficult situations will be given a chance for a new lease on life. The fund will help resolve disputes, achieve settlements, and achieve profitability," the project's authors note.

However, A1's activities in this area have been repeatedly criticized. Businesses have criticized its methods and complained of corporate raiding attempts. A1 is a creditor of Viktor Baturin, who is suing his sister (the widow of former Moscow Mayor Yuri Luzhkov).

What assets do A1 and Alfa-Bank plan to acquire?

The list of assets that the "special situations" fund will work with includes companies experiencing serious problems, including:

Conflicts between capital owners and management; increased debt burden; ineffective business management; falling under sanctions; the departure of Western owners amid the imposed restrictions.

One of our key areas of activity is working with Russian companies owned by foreign partners. Given the challenging geopolitical situation, such businesses often lose their ability to effectively conduct business, and this new project will help them stay afloat and continue their productive work.

10:00 02/24/2026

Source:

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Financial news: On February 27, 2026, the Territorial Development Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters:

The date of the deposit auction is 27.02.2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,412,000,000. Placement period, days – 27. The date of depositing funds is 27.02.2026. The date of return of funds is 26.03.2026. The minimum placement interest rate, % per annum is 15.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,412,000,000. The 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 10:45. The cutoff percentage may be set or the auction may be declared void by 10:55. Additional terms and conditions.

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: 02/26/2026, 18-23 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A0ZYU21 (ALPHA BO40) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 26, 2026

18:23

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 26.02.2026, 18-23 (Moscow time), the values of the lower limit of the price corridor (up to 101.7) and the range of market risk assessment (up to 1024.0 rubles, equivalent to a rate of 13.5%) of the security RU000A0ZYU21 (ALPHA BO40) were changed.

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Financial news: 02/26/2026, 17-45 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A0ZYU21 (ALPHA BO40) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 26, 2026

5:45 PM

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on February 26, 2026, 17:45 (Moscow time), the values of the lower limit of the price corridor (up to 104.21) and the range of market risk assessment (up to 1050.64 rubles, equivalent to a rate of 11.25%) of the security RU000A0ZYU21 (ALPHA BO40) were changed.

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Financial news: Bonus "for success" for each NPF portfolio: draft Bank of Russia instruction.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Bank of Russia offers change the procedure for determining the amount of remuneration of a non-state pension fund (NPF) depending on the method of investing pension reserves.

If funds separate their portfolios, for example, by placing funds separately under different non-state pension provision strategies and long-term savings programs, then they will calculate investment income separately for each such strategy to determine the amount of their remuneration.

If a specific portfolio achieves a positive result, the fund will be able to calculate a "success" bonus. This is the second component of the remuneration that NPFs receive in addition to the fixed component for asset management.

This approach will allow funds to more fairly reflect the performance and compensation for each strategy, rather than relying on average values across all pension reserves.

The changes are planned to take effect on January 1, 2027. This means that the variable portion of NPF remuneration for 2026 will be calculated according to the new rules.

Preview photo: Dikey Creative Labs Photo / 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: 02/26/2026, 16-07, the values of the lower limit of the repo price corridor, the transfer rate and the range of interest rate risk assessment for the GTRK (GTM ao) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 26, 2026

16:07

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on 26.02.2026, 16-07 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -96.43%), the transfer rate and the range of interest rate risk assessment (up to -0.321 rubles, equivalent to a rate of 122.92%) of the GTRK (GTM ao) security 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: 02/26/2026, 15-43 the values of the lower limit of the repo price corridor, the transfer rate and the range of interest rate risk assessment for the GTRK (GTM ao) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

February 26, 2026

15:43

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 26.02.2026, 15-43 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -79.49%), the transfer rate and the range of interest rate risk assessment (up to -0.266 rubles, equivalent to a rate of 104.28%) of the GTRK (GTM ao) security 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.