Category: Russian Economy

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Financial news: On September 19, 2025, JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The date of the deposit auction is 19.09.2025. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,350,000,000. Placement period, days 47. The date of depositing funds is 19.09.2025. The date of return of funds is 05.11.2025. 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 1,350,000,000. 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 10:50. The cutoff percentage may be set or the auction may be declared void by 11:30. 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: 09/18/2025, 15-18 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A106TV7 (VimpelK3R4) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 18, 2025

15:18

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 September 18, 2025, 15-18 (Moscow time), the values of the upper limit of the price corridor (up to 96.51) and the range of market risk assessment (up to 1044.25 rubles, equivalent to a rate of 22.5%) for security RU000A106TV7 (VimpelK3R4) 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: On the Establishment of New Concentration Limits for Issuers on the Stock Market and Deposit Market

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

By the decision of the NPO NCC (JSC), from September 19, 2025, the following limits on issuer concentration will be established on the Stock Market and Deposit Market:

No. Issuer Securities group Concentration limit per Issuer (rubles)
1 PJSC "Corporate Center ICS 5" X5_share 2,265,000,000

Contact information for media: 7 (495) 363-3232Pr@moex.kom

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: 09/18/2025, 11:46 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the security RU000A106TV7 (VimpelK3R4) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 18, 2025

11:46

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 September 18, 2025, 11:46 (Moscow time), the values of the upper limit of the price corridor (up to 93.37) and the range of market risk assessment (up to 1012.28 rubles, equivalent to a rate of 18.75%) for security RU000A106TV7 (VimpelK3R4) 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: On September 18, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is September 18, 2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 100,000,000. Placement term, days – 36. Date of depositing funds is September 18, 2025. Date of return of funds is October 24, 2025. Minimum placement interest rate, % per annum is 15.7. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 100,000,000. 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 10:30 to 10:40. Competitive applications from 10:40 to 10:45. Setting the cutoff interest rate or declaring the auction invalid before 10:55. Additional terms and conditions – Placement of funds with the option of early withdrawal of the entire deposit amount and payment of accrued interest 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 at the end of the term, 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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Despite Western pressure, China's debt market will be opened to Russian companies.

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why did China decide to bring Russian players back into the debt market?

The initiative to enter the Chinese debt market came from Russia, with Beijing supporting the strengthening of economic ties. Moreover, the leaders of the two countries noted that Russian-Chinese relations are currently at a high level, serving as a model of international cooperation.

Discussions on future deals took place at the end of August, with representatives of China's regulator and Russian top management participating. Russia's entry into the bond market will allow domestic businesses to regain access to the global financial arena, while the Chinese side will have the opportunity to invest in the real sector of the economy.

What is known about Russian businesses' plans to enter the Chinese bond market?

The Russian and Chinese sides confirm the agreement reached, but have not yet disclosed the details of the agreement, about which little is known:

China plans to open its domestic bond market to Russia; Russian businesses will be able to place panda bonds – debt obligations denominated in Chinese yuan. Major Russian companies will be key market participants. Representatives of Rosatom and Gazprom, both companies with high credit ratings, were among the first to express interest in the deals.

"The revival of the bond market is associated with the risk of secondary sanctions against Chinese banks – Western pressure remains significant," lawyers express concerns.

As a reminder, the US previously threatened to impose sanctions on companies and entities cooperating with Russia. For this reason, many Chinese banks refused to conduct transactions with Russian counterparties, and Russian borrowers were cut off from international stock markets.

10:00 09/16/2025

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.

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Financial news: The recovery of the Russian derivatives market has slowed.

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The growth rate of the Russian derivatives market in 2024 and the first half of 2025 decreased due to limited access to external markets.

Foreign currency derivatives transactions stabilized in 2025. The decline in foreign currency settlements for foreign trade transactions limits the potential of this market segment.

The volume of interest-bearing derivatives has increased slightly, but the prolonged period of tight monetary conditions and the expectation of their gradual easing are reducing interest in hedging interest rate risks.

The lack of Russian indicators that accurately reflect current prices hinders the development of commodity derivatives. Only derivatives on precious metals are the most actively traded.

Exchange-traded derivatives are developing quite dynamically. The volume of open positions in futures contracts on the Moscow Exchange's derivatives market has grown by almost a third. The most significant increase was in the money market section.

Read more in the information and analytical material Derivatives Market.

Preview photo: Locomotive74 / 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: 09/17/2025, 15:35 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A106WW9 (VEBP-38) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 17, 2025

15:35

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 September 17, 2025, 15:35 (Moscow time), the values of the upper limit of the price corridor (up to 112.84) and the range of market risk assessment (up to 1239.45 rubles, equivalent to a rate of 18.75%) for security RU000A106WW9 (VEBP-38) 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: The Bank of Russia presents a concept for supervisory stress testing of banks for discussion with the market.

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Annual supervisory stress testing will become mandatory for all systemically important banks starting in 2028. The stress test results will impact the assessment of the bank's economic position and, consequently, the amount of contributions to the Mandatory Deposit Insurance Fund. They will also be factored into internal capital adequacy assessment procedures, which may determine whether the bank will receive an additional capital buffer.

The new approach will encourage credit institutions to accumulate the capital reserves necessary to independently overcome potential stress, which will increase the resilience of the banking sector as a whole.

For more details, please read the public consultation report. "The Concept of Supervisory Stress Testing of Credit Institutions"Responses to the questions posed in the report, as well as comments and suggestions regarding it, may be sent to the Bank of Russia up to and including October 17, 2025.

Preview photo: Nattawit Khomsanit / 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: 09/17/2025, 13:52 (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A106T93 (Rostel2P11) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 17, 2025

13:52

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 September 17, 2025, 13:52 (Moscow time), the values of the upper limit of the price corridor (up to 101.95) and the range of market risk assessment (up to 1059.27 rubles, equivalent to a rate of 8.75%) of the security RU000A106T93 (Rostel2P11) 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.