Category: Russian Economy

Posted on

Financial news: 02.12.2025, 12-21 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A1065C9 (Rosseti1P9) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 2, 2025

12:21

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 02.12.2025, 12-21 (Moscow time), the values of the upper limit of the price corridor (up to 101.83) and the range of market risk assessment (up to 1100.4 rubles, equivalent to a rate of 18.75%) of the security RU000A1065C9 (Rosseti1P9) 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.

Posted on

Financial news: On December 2, 2025, 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 02.12.2025. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,083,000,000. Placement period, days – 21. The date of depositing funds is 02.12.2025. The date of return of funds is 23.12.2025. The minimum placement interest rate, % per annum is 16. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,083,000,000. 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 12:30 to 12:40. Competitive bids from 12:40 to 12:45. The cutoff percentage may be set or the auction may be declared void by 12:55. 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.

Posted on

Financial news: Bank support measures in 2026: temporary extension and integration into regulation (02.12.2025).

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

1 Including taking into account the discussed extension of the special powers of the Bank of Russia to make such decisions established by Federal Law No. 46-FZ of 08.03.2022 "On Amendments to Certain Legislative Acts of the Russian Federation", Federal Law No. 55-FZ of 14.03.2022 "On Amendments to Articles 6 and 7 of the Federal Law "On Amendments to the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" and Certain Legislative Acts of the Russian Federation in Terms of the Specifics of Changing the Terms of a Credit Agreement, Loan Agreement" and Article 21 of the Federal Law "On Amendments to Certain Legislative Acts of the Russian Federation".

2 Except for information on the adoption by the general meeting of shareholders (participants) of a decision on reorganization.

3 With the exception of non-banking KOs – central counterparties and KOs – central depositories, which, as infrastructure organizations of the financial market, apply the decision of the Board of Directors of the Bank of Russia dated December 24, 2024 (planned to be extended), as well as special decrees of the Government of the Russian Federation.

4 Work is underway on state registration of changes to reporting forms.

5 For example, in the absence of historical reporting of borrowers to assess their financial position (FP); in the presence of formal signs of a possible lack of real activity of a borrower registered in a new entity, if the KO recognizes its activity as real; the possibility (regardless of the FP assessment) to assess the quality of debt servicing on a loan as good before the payment deadlines established by the loan agreement, or during loan restructuring.

6 For example, for loans to replenish working capital, fulfill state and municipal contracts, to borrowers – housing developers, for the creation or development of production in new regions of the Russian Federation.

7 Ensuring Category I quality in accordance with Chapter 6 of the Bank of Russia Regulation of June 28, 2017 No. 590-P “On the procedure for the formation by credit institutions of reserves for possible losses on loans, loan and equivalent debt.”

8 Order of the Ministry of Economic Development of Russia dated November 28, 2016 No. 763 “On approval of requirements for funds to facilitate lending (guarantee funds, surety funds) and their activities.”

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.

Posted on

Financial news: On 2025-12-02, the Federal Treasury will hold deposit auction 22,025,401.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters;

Application selection date 02.12.2025. Unique application selection identifier 22 025 401. Deposit currency rubles. Type of funds single treasury account. Maximum amount of funds placed on bank deposits, monetary units 678,000,000,000. Placement period, in days 2. Date of depositing funds 02.12.2025. Date of return of funds 04.12.2025. Interest rate for placing funds (fixed or floating) FIXED. Minimum fixed interest rate for placing funds, % per annum 15.76. Base floating interest rate for placing funds – Minimum spread, % per annum – Terms 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. 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. 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 10:50 to 11:20. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful from 10:50 to 11:30. Sending an offer to credit institutions to conclude a bank deposit agreement from 11:30 to 11:50. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions from 11:30 to 11:50. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

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.

Posted on

Credit risk is growing – the Central Bank of Russia identified the main problem of the economic slowdown.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

What risks of economic slowdown has the Bank of Russia identified?

The Central Bank of the Russian Federation published a financial stability review for the period from April to September of this year. The Russian economy is slowing under the influence of monetary easing. Several financial sector issues remain pressing:

The imbalance in the Russian currency market has stabilized, with the dollar-to-ruble exchange rate volatility not exceeding 4.4% over the past month, compared to 9.7% just six months ago. Commercial banks' interest rate risks are also declining, as financial institutions have increasingly begun offering depositors products with floating rates tied to the key rate. Credit risk is the most influential factor, with the regulator seeing potential for an increase in problem debt.

The Bank of Russia has noted an economic slowdown; by September, GDP growth had fallen to 0.6% year-on-year, compared to over 1.1% mid-year. Experts are calling the current economic stage "technical stagnation."

How will credit risks for businesses and individuals change in 2025?

The easing of monetary policy has led to improved terms for credit products, and borrowers' demand for funds has begun to recover. However, the increase in debt is associated with credit risks:

The share of corporate borrowers with problematic obligations in October amounted to 8%, which is slightly less than the level of April; the share of corporate borrowers that are in the yellow zone, i.e. have a high level of risk, increased by 4% (among large companies – 18%, medium – 28%); the share of overdue loans of large companies increased by 0.2% (to 4%) – this mainly affected the portfolio of the construction and oil and gas industries; in the portfolio of loans to private clients, the share of problematic agreements amounted to almost 13%, an increase of 2.1 percentage points over the six months; the highest level of delinquency is among clients with a debt burden above 50%, such borrowers account for 19% of issued loans.

"In the fall, Russians began to more actively seek loan restructuring—the share of applications increased by 79%, which may indicate difficulties with servicing contracts," the Bank of Russia noted.

At the same time, experts don't expect a boom in the credit sector – companies maintain sufficient financial strength, and their debt burdens will continue to decline. It's possible that the regulator will have to further tighten lending requirements for clients with high DTIs. In retail, the share of non-performing loans is expected to increase in 2026, but a surge in defaults is not expected amid low unemployment.

16:32 02.12.2025

Source:

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.

Posted on

Financial news: Testing the Linux version of the MOEX Trade SE terminal.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

We invite you to participate in the open testing of the Linux version of the MOEX Trade SE terminal. The installation package is available on the Exchange's FTP server: http://ftp.moex.com/pub/Terminal/ASC/Ecoite/TestInstructions for installing the Linux version of the terminal are available on the Exchange's FTP server: Linux terminal installation guide (beta).

Compatibility:

Astra Linux Special Edition (versions 1.8 and higher); RED OS (versions 8.0 and higher); Alt Linux (Simply versions).

The Linux version has limited functionality of some terminal features, such as the NSD and NCC integration modules, the Interfax news window, and the Moscow Exchange Chat. The terminal supports connection to the stock market system, scheduled for release on December 8, 2025. A list of available and disabled features is provided below.

Available functionality:

Installation and distribution using an archive. Connecting to the trading and clearing systems. Setting up and saving a user connection profile. Terminating the connection. Connection information. Setting up and saving table views. Filtering and sorting. Setting up and saving the desktop. Bookmarks and window management. Displaying tabular data from the trading and clearing systems: transaction log, financial instruments, orders, order control parameters. Quotes. Order entry. Batch entry. Administration tools: changing external limits. Sending and viewing messages.

Disabled functionality:

Interaction with NSD. Interaction with NCC. Interaction with ISS. Chart display. Automatic update. Terminal installer. RTDE export. Printing. Visual effects, such as the terminal logo upon startup, the logo in the "About" window. Terminal help: contents, context help, technical support. Administration tools. Toolbar customization. Terminal main menu customization. Setting order control parameters. Data sets. Some actions (displayed in the "Action" item of the main menu, but not called). Some queries (displayed in the "Query" item of the main menu, but not called).

Important! This version is for testing purposes only. The production release date will be announced based on testing results.

Please send feedback on the testing results to: help@moex.com.

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.

Posted on

Financial news: The Bank of Russia has developed a methodology for calculating the concentration of immobilized assets.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The regulator will limit the risks of banks' investments in immobilized assets (IA)—non-core assets that have no repayment requirements, are illiquid, and carry equity risks. These include investments in property, excess fixed assets, and ecosystems.

To achieve this, a risk-sensitive limit (RSL) will be introduced to measure the concentration of immobilized assets. The bank will be required to cover immobilized assets exceeding the RSL with capital. As a result, the risks of excessive investment in such assets will be shifted from depositors and creditors to the bank's shareholders.

The Bank of Russia has developed draft regulations, which defines the methodology for calculating the RCL. The draft stipulates that banks will classify IAs into one of three groups with an immobilization coefficient ranging from 1 to 3, depending on the riskiness of the asset (its type, liquidity, and length of time on the balance sheet).

The maximum value of the RCL indicator is set at 25% of banks' capital. The draft also introduces a 5-year (from 2027 to 2031) phased schedule (100–85–70–50–25%) for achieving the target RCL level.

More information about the RCL can also be found in the publication published in May 2025 Bank of Russia report.

Preview photo: Gajus / 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.

Posted on

Financial news: On December 1, 2025, 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 deposit auction date is 01.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,083,000,000. Placement term, days – 22. Date of depositing funds is 01.12.2025. Date of return of funds is 23.12.2025. Minimum placement interest rate, % per annum is 16.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,083,000,000. 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 2:30 PM to 2:40 PM. Competitive bids from 2:40 PM to 2:45 PM. The cutoff percentage may be set or the auction may be declared void by 2:55 PM. 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.

Posted on

Financial news: 01.12.2025, 12-22 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A1065C9 (Rosseti1P9) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 1, 2025

12:22

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 01.12.2025, 12-22 (Moscow time), the values of the upper limit of the price corridor (up to 99.54) and the range of market risk assessment (up to 1075.67 rubles, equivalent to a rate of 18.75%) of the security RU000A1065C9 (Rosseti1P9) 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.

Posted on

Financial news: 01.12.2025, 11-55 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1098W8 (DOM 1P-18R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 1, 2025

11:55

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 01.12.2025, 11:55 (Moscow time), the values of the upper limit of the price corridor (up to 105.98) and the range of market risk assessment (up to 1362.61 rubles, equivalent to a rate of 10.0%) of the security RU000A1098W8 (DOM 1P-18R) 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.