Category: Russian Economy

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Financial news: 03/25/2026, 11:31 AM (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A108UR9 (RESOLiBP26) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 25, 2026

11:31

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, 11:31 AM (Moscow time), the values of the upper limit of the price corridor (up to 128.68) and the range of market risk assessment (up to 1,505.36 rubles, equivalent to a rate of 37.5%) for security RU000A108UR9 (RESOLiBP26) 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: Banks should proactively and clearly inform customers about restrictions and steps to lift them.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Banks should contact customers immediately after suspending operations and remote services based on cybersecurity and anti-money laundering legislation, rather than waiting for their requests. recommendations The regulator sent to credit institutions.

Banks must not only notify customers of the restrictions imposed but also explain the legal basis for them. Even after online banking access is suspended, customers must be able to contact the bank remotely. It is recommended to explain step-by-step the steps to resolve the situation, and if the bank refuses to lift the restrictions without a reason, how to appeal the decision.

If information about a person is included indatabase Regulatory information about fraudulent transactions should be provided to the client, so they can apply for an exemption from it. For example, provide a link torelevant section Online reception of the Bank of Russia.

Preview 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: March 25, 2026. The Moscow Small Business Lending Assistance 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 March 25, 2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 78,000,000. Placement period, days – 176. The date of depositing funds is March 26, 2026. The date of return of funds is September 18, 2026. The minimum placement interest rate, % per annum is 14.7. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 78,000,000. 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 applications from 12:45 to 12:55. Competitive applications from 12:55 to 13:00. Setting the cutoff interest rate or declaring the auction invalid before 13:15. Additional terms and conditions – Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for the placement of funds of the Moscow Small Business Lending Promotion Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

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: Settlement prices for futures contracts as of March 24, 2026.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

The attached links contain files with estimated prices as of March 24, 2026.

Settlement prices as of 24.03.2026 are prices that are used to calculate the variation margin and are determined in accordance with the Methodology for Determining the Settlement Price of Futures Contracts.

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: On holding auctions on March 25, 2026 to place OFZ issues No. 26230RMFS and No. 26245RMFS.

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 26230RMFS from June 3, 2019
Date of the auction March 25, 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 SU26230RMFS1
ISIN code RU000A100EF5
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.

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 26245RMFS from May 8, 2024
Date of the auction March 25, 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 SU26245RMFS9
ISIN code RU000A108EG6
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.

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: March 24, 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 24, 2026. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 200,000,000. Placement period, days – 57. The date of depositing funds is March 24, 2026. The date of return of funds is May 20, 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 200,000,000. 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 11:20 to 11:30. Competitive bids from 11:30 to 11:40. The cutoff percentage or the auction's invalidity may be determined by 11:55. 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: Prices rose much less in February than in January.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

In February, the impact of tax and administrative measures on the growth of prices for goods and services decreased.

Price increases have slowed for a wide range of goods whose price dynamics depend more on demand than on one-off factors. Some continued to decline in price (clothing and underwear, knitwear, footwear, and communications equipment).

At the same time, prices for medical and household services increased sharply in February. Demand for these services remains higher than the capacity of service and medical companies, whose growth potential is severely limited by the current labor market situation.

According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will decline to 4.5–5.5% in 2026, and will remain close to 4% in 2027 and beyond.

For more details, see the Bank of Russia's analytical commentary. Inflation in Russia.

Preview photo: Oleg Elkov / TASS

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: Cooling in the Microfinance Market: 2025 Results.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

In 2025, the volume of loans issued by microfinance organizations (MFOs) stabilized at approximately 0.5 trillion rubles per quarter (2 trillion rubles annually) after a strong increase the previous year. Microloan portfolio growth slowed significantly from 10% at the beginning of the year to 0.7% by the end.

The cooling occurred amid a consistent strengthening of measures aimed at limiting consumer debt. Microfinance organizations (MFIs) are prohibited from using unverified information about borrowers' income—this requirement was introduced to ensure that the true debt burden is not understated.

Macroprudential limits were established for auto loans to prevent overindebted borrowers from migrating into this segment. The regulation helped prevent this trend: the share of auto loans to overindebted borrowers fell to 14% from a peak of 88%.

In response to upcoming restrictions on the number of high-interest loans in operation at the same time, microfinance organizations (MFIs) continue to actively develop products with credit limits, seeking to attract and retain high-quality borrowers. Over the past year, the share of such loans has grown by 14 percentage points, reaching 38% of consumer lending.

In 2025, state-owned mortgage microcredit companies, created to implement preferential mortgage programs, began operating in six Russian regions. Over the course of the year, these companies issued 2.7 billion rubles in mortgage loans to citizens. Agreements were signed for an average of 20 years, and the average loan amount was 6.8 million rubles.

Read more in"Trends in the Microfinance Market for 2025".

Preview photo: Nadiia Korol / 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: Credit to the economy grew moderately in February.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

In a month credit to the economy increased by 0.4% after a seasonal contraction of 0.5% in January.

Annual growth accelerated from 9.4% to 9.6%. This was driven by a resumption of growth in corporate lending, primarily driven by ruble loans to non-financial organizations. However, consumer lending halted in February.

The postponement of tax payments from the end of February to March, coupled with the growth of corporate lending, led to a significant acceleration in the annual growth of the money supply – from 11.0% in January to 12.4% in February.

Preview photo: Evgeny Messman / TASS

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: 03/23/2026, 14-39 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXXE1 (Rosnft1P7) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 23, 2026

14:39

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 23, 2026, 14:39 (Moscow time), the values of the upper limit of the price corridor (up to 100.07) and the range of market risk assessment (up to 1054.13 rubles, equivalent to a rate of 10.0%) of the security RU000A0JXXE1 (Rosnft1P7) 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.