Category: Russian Economy

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Financial news: March 26, 2026. The Investment Agency 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 March 26, 2026. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 20,000,000. Placement term, days – 40. Date of depositing funds is March 26, 2026. Date of return of funds is May 5, 2026. Minimum placement interest rate, % per annum is 14.1. Terms of the conclusion: urgent or special (urgent). The minimum amount of funds placed per application (in the placement currency) is 12,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form: open or closed (Open).

The Agreement is based on the General Agreement. Schedule (Moscow time). Pre-bids are accepted from 12:15 to 12:30. Competitive bids are accepted from 12:30 to 12:40. The cutoff interest rate may be set or the auction may be declared void by 1:10 PM. Additional terms include: Deposit funds are deposited without the option of early withdrawal, and interest is paid monthly.

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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The banking industry forecasts that the dollar is not expected to rise above ₽100 in 2026.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Image: mainfin.ru

How do bankers see the dollar-to-ruble exchange rate in 2026?

The survey involved executives from 32 large Russian banks, six of which are considered systemically important financial institutions. According to the study's findings:

84% of respondents expect the dollar exchange rate to be between 80 and 100% in 2026; 56% of surveyed bankers believe the dollar will be quoted between 80 and 90 rubles; 9% of respondents expect the dollar exchange rate to be below 80 rubles; 4% of surveyed participants have an even more positive forecast – the dollar will cost less than 70 rubles; only 3% of experts budgeted for the dollar to be more than 100 rubles.

Incidentally, forecasts a year earlier were more pessimistic. For example, 62% of participants believed the dollar would exceed 100 rubles. Experts also had similar expectations for late 2025, but these forecasts were subsequently adjusted toward a stronger Russian ruble.

What's happening in the currency market at the end of March?

The US dollar exchange rate (according to the Central Bank of the Russian Federation) as of March 24, 2026, is 81.8 rubles. The American currency reached its peak on March 20, approaching 85 rubles, but retreated in the following days. However, the weakening trend of the domestic currency continues due to the following factors:

A significant reduction in the supply of foreign currency on the domestic market, including the suspension of operations by the Ministry of Finance; volatility in the foreign exchange market due to the situation in the Middle East; a reduction in the key rate at the regulator's last meeting from 15.5% to 15%; and a significant federal budget deficit.

"The ruble has been weakening throughout March, but this trend won't last long. In the coming months, revenue from oil sales at a high price will begin to flow into the budget, which will support the exchange rate," the expert notes.

Analysts expect the ruble to strengthen as early as late March, as supply on the foreign exchange market will increase thanks to exporters facing the annual tax on raw materials production. Russians are urged not to give in to the hype and not to buy foreign currency: it's better to wait until May, when the ruble will strengthen and exchange rates will be more favorable.

10:30 03/24/2026

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.

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Financial news: On March 26, 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 March 26, 2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 4,924,000,000. Placement period, days – 26. The date of depositing funds is March 26, 2026. The date of return of funds is April 21, 2026. The minimum placement interest rate, % per annum is 15. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 4,924,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The Agreement is based on 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

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: From April 1, 2026, the rules for calculating a borrower's debt burden will be clarified.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Banks and microfinance organizations are gradually are crossing over more accurate methods of assessing the borrower's income to calculate his debt burden. In particular, in accordance with Bank of Russia Instruction No. 7286-U Starting April 1, bank statements can only be used to confirm wages, pensions, social benefits, and income from property rentals. Other account receipts will need to be supported by additional documents. For example, a borrower can provide a certificate of income from deposits or securities.

Furthermore, for salary clients, banks were able to use internal models approved by the Bank of Russia to evaluate sources of income other than salary. Banks did this, in particular, based on the individual's expenses. Starting April 1, the Bank of Russia will no longer accept such models for review. Models approved prior to this date will be available for use by banks for one year from the date of their approval. After this date, creditors will need to obtain supporting documents from salary clients to take into account other sources of income.

At the same time, banks and microfinance organizations will still be able to use a wide range of income documents obtained from government information systems or directly from the borrower, such as a personal income tax certificate or a salary account statement.

Starting April 1, it will no longer be possible to use self-issued documents to assess the income of individual entrepreneurs. However, individual entrepreneurs retain the right to issue salary certificates to their employees, and they will be able to confirm their own income using tax returns and income and expense records.

The simplified approach, in which borrowers declare their income on the bank's application without providing supporting documents, will also remain in place. However, this approach will be gradually curtailed. While lenders can currently factor in declared income up to the regional average per capita income according to Rosstat when calculating their debt burden, starting July 1, 2026, banks will be required to apply an additional 10% discount. Starting July 1, 2027, the simplified approach is planned to be completely abandoned, with only borrowers' officially confirmed incomes being considered.

Preview photo: Krievietka / 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: In February, the corporate portfolio grew moderately, while mortgage lending slowed as expected.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Bank lending to companies (including bonds) increased by 0.6% in February (-0.4% in January). Significant budget payments restrained lending dynamics, as government contract executors had less need for financing.

The growth of household mortgage debt slowed in February to 0.2% (0.9% in January), mainly due to a significant reduction in loans issued under the Family Mortgage program after its terms were changed on February 1, 2026.

The consumer loan portfolio decreased by 0.7% (0.6% in January), primarily in the cash loan segment. Credit card use was also less active than in the previous month, when people had significant spending during the New Year holidays.

Household deposits in banks increased by 1.9% in February, following a seasonal decline in January (-1.4%). Legal entity deposits also increased by 2.7% (0.2% in January), but this increase is primarily due to companies paying a portion of their February taxes in early March.

In February, the sector earned 392 billion rubles, which is comparable to January's profit.

For more details, read the information and analytical material "On the development of the banking sector of the Russian Federation in February 2026".

Preview photo: Irina Kononova / 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: Changes to the trading schedule on the T2 Derivatives Market test site.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Dear users,

We inform you that, effective March 26, 2026, changes will be made to the schedule for the T2 Derivatives Market test site. The current version of the schedule is published on the Moscow Exchange website at https://www.moex.com/s438

Schedule polygon T 2:

Opening auction: 06:40:00 – 06:59:45 Morning trading session: 07:00:00 – 11:00:00 Main session: 11:00:00 – 12:30:00 Contract expiration 11:30:00 Evening session 12:30:00 – 14:00:00 Settlement price determination 12:30:00 Contract expiration 12:30:00 Evening settlement session 13:00:00 Mark-to-market clearing session 14:00:00 End of trading 14:00:00

Please note that the T2 Urgent Market test site will be decommissioned approximately by mid-April 2026. The exact date will be published later.

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: In almost all regions of Russia, price growth slowed in February.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

In February, prices in 80 out of 85 regions increased less than in January.

The prices of fruits and vegetables increased more slowly, butter and fats continued to fall in price, and prices for milk and dairy products, cheese, tea and coffee, pasta and cereals decreased.

Non-food prices increased moderately on average. However, for a wide range of goods, prices in many regions even decreased or increased less sharply than a month ago. This affected, in particular, electrical goods and household appliances, communications equipment, tools and equipment, clothing and underwear, knitwear, and footwear. Meanwhile, in the services sector, international travel costs increased significantly, and prices for household and medical services continued to rise.

Annual inflation has declined in 65 out of 85 regions. The Bank of Russia will continue to pursue policies aimed at returning inflation to a stable and low level.

For more information on inflation in each region, please seeinformation and analytical materials.

Preview photo: Oleg Elkov / 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: 03/25/2026, 16:46 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A10B0T2 (RZhD 1P-39R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 25, 2026

16:46

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 March 25, 2026, 16:46 (Moscow time), the values of the upper limit of the price corridor (up to 135.77) and the range of market risk assessment (up to 1473.27 rubles, equivalent to a rate of 21.25%) of the security RU000A10B0T2 (RZhD 1P-39R) 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: 03/25/2026, 14:49 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A0JWTV5 (GTLK 1P-01) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 25, 2026

14:49

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 25, 2026, 14:49 (Moscow time), the values of the upper limit of the price corridor (up to 152.63) and the range of market risk assessment (up to 506.92 rubles, equivalent to a rate of 87.5%) for security RU000A0JWTV5 (GTLK 1P-01) 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: March 25, 2026. JSC KAVKAZ.RF 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 March 25, 2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 125,000,000. Placement period, days – 95. The date of depositing funds is March 26, 2026. The date of return of funds is June 29, 2026. The minimum placement interest rate, % per annum is 14.65. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 125,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The Agreement is based on the General Agreement. Schedule (Moscow time). Preliminary bids from 3:00 PM to 3:10 PM. Competitive bids from 3:10 PM to 3:15 PM. The cutoff percentage may be set or the auction may be declared void by 3:30 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.