Financial news: The RUSFAR indicator calculation methodology has been included in the register of Bank of Russia indicator administrators.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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On January 19, 2026, the Methodology for calculating the RUSFAR indicator, details of which were entered into the register of administrators of the Bank of Russia indicators on December 24, 2025, in accordance with the requirements of Federal Law No. 452-FZ of December 13, 2024, “On Administrators of Financial and Commodity Indicators,” as well as a new version of the Methodology for calculating indicators of the repo rate with the central bank, will come into force.

The methodology for calculating the RUSFAR indicator includes an algorithm for calculating the key indicator of the RUSFAR overnight repo market with settlements in rubles (indicator code – RUSFAR).

The RUSFAR indicator has been excluded from the new version of the Methodology for Calculating Indicators of the Repo Rate with the Central Bank, due to its separation into a separate methodology.

The calculation formulas for both the RUSFAR indicator and other indicators of the repo rate with the central bank remain unchanged.

The new versions of the documents can be found on the following pages:

Methodology for calculating the RUSFAR indicatorMethodology for calculating repo rate indicators with a central bank

Contact information for media: 7 (495) 363-3232PR@moex.com

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Marat Khusnullin opened infrastructure facilities in the Chelyabinsk and Smolensk regions, and the Udmurt and Chuvash republics.

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Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Marat Khusnullin opened several infrastructure facilities in the Smolensk region, the Udmurt Republic, and the Chuvash Republic, and also launched a tunnel boring machine for the construction of a metro tram in Chelyabinsk.

"This year, the national project 'Infrastructure for Life' has become our main focus for the next six years. Looking back on the year, we see that the construction industry is delivering impressive results. New road, transport, social, and utility infrastructure projects are being built in all regions. All of these projects are designed to create comfortable living conditions in the regions. The main goal is to ensure that people experience these positive changes. Today's projects represent only a small part of what is being done nationwide. However, they are nonetheless crucial for the development of specific regions and improving the quality of life for citizens. Today, we began drilling the first tunnel for the metro tram in the Chelyabinsk Region, a project being implemented at the direction of the President. In addition, we opened a new road overpass over railway tracks in the city of Vyazma in the Smolensk Region, a renovated bridge over the Lyp River in the Kezsky District of the Udmurt Republic, and completed the construction of a large kindergarten in the Chuvash Republic. Many thanks to everyone who participated in the implementation of these projects, including the regional teams, the Ministry of Construction, the Ministry of Transport, "To the Territorial Development Fund. Today's event is a shared achievement, the result of coordinated work," said Marat Khusnullin.

For example, in the Smolensk region, a new road overpass over the railway tracks in the city of Vyazma has opened to traffic. It was built quickly to replace an old overpass. It carries 16,000 vehicles per day. It is a vital artery connecting the city center with residential areas. This project will significantly improve accessibility for local residents and further stimulate improvements in road transportation in the region.

"Today, we are not only witnessing but also participating in a crucial event in the life of our region. The decision by the Russian Government to allocate funds for the construction played a decisive role in ensuring that the new facility was built in the shortest possible time. The residents of Vyazma and Smolensk express their deepest gratitude to Marat Shakirzyanovich personally for his support. Without it, it would have been extremely difficult for the region to cope with this colossal task alone, using only its own resources. I once again sincerely thank the road workers, communications workers, gas workers, medical personnel, Russian Railways employees, the Ministry of Emergency Situations, and volunteers—everyone who worked on the new overpass construction site," noted Smolensk Region Governor Vasily Anokhin.

The first metro tram tunnel excavation has begun in the Chelyabinsk region. Infrastructure loans were used to finance the construction of the over 9-kilometer North-South line.

"Today is a very important day for the entire Chelyabinsk region – we are launching a key stage of our comprehensive Chelyabinsk metrotram infrastructure project: we are beginning the excavation of horizontal tunnels. We are creating the transport framework of the Chelyabinsk agglomeration for decades to come," emphasized Chelyabinsk Region Governor Alexey Teksler.

A 7,500-square-meter kindergarten has been completed in the Chuvash Republic. It was built in the "Novy Gorod" residential area of Cheboksary, also using a budget infrastructure loan. The new kindergarten will feature a gym, a music room, a sensory room, water and sand rooms, a culinary and craft workshop, a petting zoo, and other special spaces.

"Thank you, President Vladimir Putin. Despite all the difficulties, we managed to maintain the budget and formulate plans for the next three to five years. Therefore, our goal is to implement everything we have planned. Thank you to Prime Minister Mikhail Vladimirovich—we are in constant communication with him. Thank you to everyone who worked on this project. You demonstrated the highest level of professionalism and provided an excellent pre-New Year's gift for our residents. New projects and tasks lie ahead as part of the national project 'Infrastructure for Life.' The well-being of our citizens and the development of the country's economy largely depend on the results of your work. Therefore, we must not relax. Only forward, to new victories," said Oleg Nikolaev, Head of the Chuvash Republic.

A renovated bridge over the Lyp River in the Kezsky District of the Udmurt Republic has opened to traffic. The reconstruction has increased capacity, lifted load restrictions, improved traffic safety, and improved transportation for local residents.

"The reconstruction of the bridge across the Lyp is an important project for all of Udmurtia. It's about the safety of our children—two school routes cross the bridge. It's also about economic development. The region has strong agricultural enterprises. They desperately need the bridge to transport animal feed and deliver milk to processors. Udmurtia ranks fourth in the country for milk production. It also supports domestic tourism. A route to one of our ethno-resorts runs through here. This year, 3,000 tourists visited it. We're confident there will be even more," noted Roman Efimov, Chairman of the Government of the Udmurt Republic.

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Financial news: 12/26/2025. Change in parameters of 22,025,455 of the Federal Treasury.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters;

Application selection date is 26.12.2025. Unique application selection identifier is 22,025,455. Deposit currency is rubles. Type of funds is the Unified Treasury Account. The maximum amount of funds placed on bank deposits, in monetary units is 210,000,000,000. Placement period, in days is 4. Date of depositing funds is 26.12.2025. Date of return of funds is 30.12.2025. Interest rate for placing funds (fixed or floating) is FIXED. Minimum fixed interest rate for placing funds, % per annum is 15.28. Basic floating interest rate for placing funds is the Minimum spread, % per annum. Terms and conditions of concluding a bank deposit agreement (term, replenishable or special) is 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 6:30 PM to 6:40 PM. Applications in preliminary mode from 6:30 PM to 6:35 PM. Applications in competition mode from 6:35 PM to 6:40 PM. Random trading end period (sec.): 120 Bid increment:

Time step (sec.):

Extension period end time:

Formation of a consolidated application register from 6:42 PM to 7:00 PM. Setting the cutoff interest rate and/or declaring the application selection unsuccessful from 6:42 PM to 7:10 PM. Sending an offer to credit institutions to conclude a bank deposit agreement from 7:10 PM to 7:20 PM. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions:

The time of transfer of the deposit in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

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Three women were injured in a knife attack on the Paris metro; the attacker was detained.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Paris, December 26 (Xinhua) — French police on Friday detained a suspect after three women were injured in separate knife attacks at Line 3 metro stations in Paris, local media reported.

According to the daily newspaper Le Parisien, citing police sources, all three victims suffered minor injuries and were taken to medical facilities, where they received the necessary assistance.

The suspect, described as a man born in Mali, fled after the attacks on a different metro line but was later apprehended at his home. Police sources cited by Le Parisien noted that a terrorist motive has been ruled out.

Train service on Line 3 of the metro has now been restored. –0–

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The UN mourns the deaths in the attack on a mosque in Nigeria.

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Source: United Nations – United Nations –

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December 26, 2025 Peace and security

The UN Resident Coordinator and Humanitarian Coordinator for Nigeria, Mohamed Fall, expressed deep sorrow over the aftermath of the suspected suicide attack on a mosque in Gamboru, Borno State, northeastern Nigeria. The attack resulted in the deaths of several people.

On behalf of the UN, Fall conveyed his sincere condolences to the families of the victims, as well as to the government and people of Borno State, and wished a speedy recovery to the wounded.

The UN envoy joined Borno State Governor Babagana Umare Zulum in strongly condemning the attack on the place of worship and supported his call for increased vigilance and enhanced security measures during the festive period.

The suspected terrorist attack was yet another reminder of the deadly cost of violence in Borno State. On September 5, more than 50 civilians were killed when members of an armed group attacked the village of Darajamal in Bama District. Other incidents included targeted attacks on communities and camps for internally displaced persons using improvised explosive devices.

Mohamed Fall reiterated his call on all parties to the conflict to protect civilians, including those gathering in places of worship, and their property, and to comply with their obligations under international humanitarian and human rights law.

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Financial risks in China remain generally manageable, says PBOC

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Beijing, December 26 (Xinhua) — Chinese banking institutions maintained stable operations in the first half of 2025, with financial risks generally remaining manageable, according to a report released by the People's Bank of China (PBOC) on Friday.

The People's Bank of China's 2025 Financial Stability Report includes the results of a ranking of 3,529 banking and financial institutions in the country, assessing their stability and risks.

According to the rating, 3,217 banks, whose total assets constitute 98 percent of the total assets of all surveyed banks, carried out their activities safely, the document notes.

National banks received relatively good ratings, but certain risks were identified in a number of small and medium-sized regional banks.

The PBOC said it will continue to take measures against the risks of small and medium-sized financial institutions, strengthen macroprudential governance of financing in the real estate sector, and ensure reliable protection against systemic financial risks.

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Lightning: Three women were injured in a knife attack on the Paris metro; the attacker was detained.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Xinhua | December 27, 2025

Keywords: France-attack-knife-Paris

Source: Xinhua

Flash: Three women were injured in a knife attack on the Paris metro, the attacker was detained. Flash: Three women were injured in a knife attack on the Paris metro, the attacker was detained.

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Exclusive: China is a priority for developing Russian exports, says REC Vice President

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Moscow, December 26 /Xinhua/ — China is now, by all measures, a priority destination for the development of Russian exports. Alexey Solodov, Vice President of the Russian Export Center (REC), told a Xinhua correspondent.

"This is an objective reality. The Chinese market is the most important for us right now, given the size of the People's Republic of China's population, its vast territory, and, most importantly, the history of relations between Russia and China, our cultural ties, which haven't been established for a long time. China is undoubtedly a priority for us now, by all accounts," he said.

As A. Solodov explained, the Russian Export Center (REC), together with its partners, has been building and developing multi-level, deep cooperation with China for several years now. As a result, Russian exports to China are steadily increasing. According to the REC, in the first nine months of this year, the volume of non-resource, non-energy exports from Russia to China increased by 18 percent compared to the same period last year.

A. Solodov noted that 36 online stores selling Russian products under the national brand "Made in Russia" are already operating on 11 of China's largest e-commerce platforms. As for offline stores, including retail stores in China, there are currently 249 of them. By early next year, this number is expected to exceed 300.

According to the Vice President of the Russian Export Center, the national brand "Made in Russia" has already become a "fundamental bridge" between high-quality Russian products and Chinese consumers. "To strengthen this bridge even further, this year we held three "Made in Russia" festivals and fairs in the cities of Shenyang (Liaoning Province), Harbin (Heilongjiang Province), and the capital of China, Beijing," he recalled, adding that a new feature this year was an online festival featuring a popular Chinese blogger.

Speaking about Russian goods supplied to China, A. Solodov emphasized that the range is very broad. In terms of food products, these include meat products, confectionery, alcoholic and non-alcoholic beverages, and cereals. Chinese stores also offer Russian light industry products, household goods, and household cleaning products. "Yes, of course, not all the brands we would like to see are present on the Chinese market. But we have our own mechanisms and infrastructure that allow us to expand the range of Russian goods in China," he noted.

The Vice President of the Russian Export Center reported that, to date, more than 2,000 Russian manufacturers have received the national "Made in Russia" certificate, of which only about 10 percent are already present in the Chinese market. "By the end of next year, we want to increase this percentage. We plan to significantly increase the presence of Russian products in the Chinese market through our infrastructure, which should also expand next year in both quantity and geographical coverage, so that all provinces and major cities of China have "Made in Russia" retail stores," A. Solodov shared his plans for 2026.

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China successfully launched the Fengyun-403 satellite.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

XICHANG, Dec. 27 (Xinhua) — China successfully launched a new satellite into space from the Xichang Satellite Launch Center in southwest China's Sichuan Province on Saturday.

The Fengyun-4 03 satellite was launched at 00:07 Beijing Time aboard a Long March-3B launch vehicle. The satellite successfully entered its designated orbit.

The current flight mission was the 621st for the Long March series launch vehicles. –0–

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New UN Environment Programme report: How to avoid environmental collapse

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Source: United Nations – United Nations –

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December 26, 2025 Climate and environment

Humanity is rapidly approaching an "ecological tipping point," warns a new report from the United Nations Environment Programme (UNEP). However, changing course is still possible—with a large-scale transformation of key systems, from the economy to food.

The report "Global Environment Outlook 7th Edition: The Future We Choose," published earlier this month, notes that environmental degradation already threatens human health, economic sustainability, and the future of the planet. However, the report's authors emphasize that with decisive action, the worst-case scenario can be avoided.

UNEP calls for a transformation of five interconnected systems – economic and financial, energy, food, materials and waste management, and environmental management.

Experts estimate that by 2050, these reforms could prevent up to nine million premature deaths, lift 100 million people out of poverty, and reduce malnutrition for 200 million people. By the end of the century, they could generate up to $100 trillion in annual economic benefits.

“Transforming these five systems will require a whole-of-government and whole-of-society effort on a scale the world has never seen, but it is absolutely essential if we are to build a fairer and more sustainable planet,” said UNEP Chief of Science Maarten Kappelle.

Well-being beyond GDP

The report recommends abandoning a narrow focus on gross domestic product and instead focusing on the true value of natural resources, for example through so-called natural capital accounting. This will allow countries to make decisions that simultaneously benefit the economy and the environment, as GDP ignores important factors, including the long-term economic consequences of environmental degradation.

Transition to a "cyclical" economy

The report's authors call for a reallocation of $1.5 trillion in annual subsidies that harm nature, particularly in the energy, extractives and agriculture sectors.

Circularity—the reuse, repair, and recycling of resources—must play a key role. Furthermore, the report emphasizes the need to encourage investment in clean technologies, incentivize environmentally responsible behavior among citizens, and obligate businesses to compensate for all environmental damage.

Energy transition and food systems

With more than 80 percent of the world's energy still produced from fossil fuels, the report urges accelerated development of renewable sources and improving energy efficiency.

In the food sector, UNEP recommends promoting more sustainable diets, reducing food waste, developing organic agriculture and alternative food sources.

Protecting nature is the foundation of a sustainable future

In the face of the "triple planetary crisis"—climate change, pollution, and biodiversity loss—the protection and restoration of ecosystems is identified as a key priority. The report calls for expanding protected areas, implementing nature-based solutions, and ensuring equitable management of shared resources.

UNEP emphasizes that only a comprehensive and coordinated approach will enable humanity to preserve the planet and its own future.

Land degradation

The report examines in detail the consequences of continuing business-as-usual development models. Greenhouse gas emissions have increased by 1.5 percent annually since 1990. reaching a new high in 2024, leading to rising global temperatures and intensifying the impacts of climate change. The cost of dealing with the consequences of extreme weather events related to climate change over the past 20 years is estimated at approximately $143 billion per year.

An estimated 20 to 40 percent of the world's land resources have been degraded, affecting over three billion people. One million of the world's estimated eight million species are threatened with extinction.

Nine million deaths annually are linked to some form of environmental pollution. The economic costs from health damage alone air pollution amounted to about $8.1 trillion in 2019, or 6.1 percent of global GDP.

The environment will deteriorate sharply if humanity continues to develop its economy along the current path. If no action is taken, by the early 2030s rise in average global temperature, will likely exceed 1.5 degrees Celsius above pre-industrial levels, and in the 2040s, will exceed 2 degrees and continue to increase. Under this scenario, climate change will reduce annual global GDP by 4 percent by 2050 and by 20 percent by the end of the century.

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