Category: Russian Finance

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Financial news: Draft Main Directions of the Unified State Monetary Policy for 2026 and the Period of 2027 and 2028

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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for 2023 and the period 2024 and 2025№58–59 (2390–2391) from 30.11.2022 for 2022 and the period 2023 and 2024 No.84–85 (2324–2325) from 08.12.2021 for 2021 and the period 2022 and 2023 No. 94-95 (2230-2231) from 02.12.2020 for 2020 and the period 2021 and 2022 No.77-78 (2129-2130) from 10.12.2019 for 2019 and the period 2020 and 2021 No.89-90 (2043-2044) from 14.12.2018 for 2018 and the period 2019 and 2020 No.109–110 (1943–1944) from 19.12.2017 for 2017 and the period 2018 and 2019 No.108 (1826)from 09.12.2016 for 2016 and the period 2017 and 2018 No.108 (1704)from 30.11.2015 for 2015 and the period 2016 and 2017 No.106 (1584)from 01.12.2014 for 2014 and the period 2015 and 2016 No.67 (1463)from 26.11.2013 for 2013 and the period 2014 and 2015 No.67 (1385) from 28.11.2012 for 2012 and the period 2013 and 2014 No.65 (1308) from 24.11.2011 for 2011 and the period 2012 and 2013 No.67 (1236) from 09.12.2010 for 2010 and the period 2011 and 2012 No.68 (1159) from 26.11.2009 for 2009 and the period 2010 and 2011 No.66 (1082) from 14.11.2008 for 2008 year No.47 (991) dated 08/22/2007 for 2007 No.66 (936) from 30.11.2006 for 2006 No.65 (863) from 08.12.2005 for 2005 No.71 (795) from 16.12.2004 for 2004 No.66 (718) from 04.12.2003 for 2003 year No.68 (646) from 17.12.2002 for 2002 year No.1 (579) from 03.01.2002 to 2001 No.1 (501) from 05.01.2001 for 2000 year No.76 (420) from 09.12.1999

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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New restrictions from 2026 – Russians with debts will be denied microloans

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why are the authorities introducing new restrictions for microloan lovers?

Additional restrictions on the market loans from MFO will be introduced at the initiative of the Central Bank of the Russian Federation. The State Duma explained the tightening of regulation by several reasons:

high level of indebtedness of the population – in 2024 alone, over 6.4 million people became new clients of microfinance organizations; easy access to microloans provokes Russians to make impulsive purchases; many borrowers find themselves in a debt hole, because they take out a new loan to pay off the previous one; also, due to low financial literacy, citizens fall into the trap of unscrupulous lenders and fraudulent companies.

Cooling the industry has been discussed by industry participants since 2024 – the Bank of Russia has planned a large-scale reform: MFIs are planned to be divided into three categories, which will determine the list of services offered and the amount of capital required.

How will the restrictions on issuing more than one loan work?

In 2026, it will become more difficult for Russians to get a loan from microfinance organizations – the State Duma is preparing to introduce several bans that will cool the market:

it will not be possible to have more than one loan in an MFI at the same time; a new microloan can be issued three days after the old debt is closed; the maximum overpayment will be reduced from 130 to 100% per annum; the authorities will introduce a three-day “cooling-off period” for microloans – this is already in effect for credit products of banks (money does not become available immediately after signing the contract).

“Tighter regulation could lead to the growth of the shadow segment, which will entail additional risks for borrowers – in pursuit of “easy” money, Russians could become victims of fraudsters,” experts express their concern.

Measures are also planned to be taken to combat illegal lenders – supervision of the industry will be strengthened and advertising of organizations that do not have a license but offer loans at high interest rates and property collateral will be prohibited. Such companies often disguise themselves as pawnshops and consignment shops, concealing fraudulent activity.

10:00 02.09.2025

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Launched a children's card with cashback up to 10%

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

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Financial literacy begins with the first payment. Knowing this, Solid Bank launched a product for children and teenagers – a card with 10% cashback on selected categories.

With the card, young clients will be able to take their first steps in the world of finance and learn how to manage money. For additional control, a parent can set individual limits on transactions and cash withdrawals.

The card is issued with an image of our character – a Japanese Shiba Inu dog named Poti. There are 2 design options to choose from when ordering.

More about the map:

• Issue – free of charge

• Service (up to 3 cards) – free

• Cash withdrawal from any ATM is free

• Interest accrual on daily account balance – according to the tariff of the main card

• SMS, push notifications – free

• Internet banking for card management

• Cashback 10% on categories:

7832 – Movie theaters5814 – Fast food establishments, snack bars, buffets5815 – Digital goods – audiovisual media, including books, films and music7996 – Amusement parks, circuses

Full details of the map can be found by link.

A children's card is issued to the main card – the parent's card, issued under the Salary, Solid Card, Employee, Solid PRIME TP.

Each young client receives a branded gift from the Bank when issuing a card! Those who have issued a card but have not received a gift – contact the office, we will fix this.

To apply for a card, please contact offices Solid Bank.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Clarifications related to the application of the provisions of the Bank of Russia Instruction dated 18.06.2025 No. 7089-U

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Updated: 01.09.2025

For the purposes of compiling the Report, the concepts of “resident” and “non-resident” are used in the meanings established by Federal Law No. 173-FZ.

Thus, according to subparagraph “c” of paragraph 6 of part 1 of article 1 of Federal Law No. 173-FZ, residents are recognized as legal entities created in accordance with the legislation of the Russian Federation, with the exception of foreign legal entities registered in accordance with the Federal Law “On International Companies”1.

Other persons not specified in paragraph 6 of the said part are recognized as non-residents in accordance with subparagraph “g” of paragraph 7 of part 1 of article 1 of Federal Law No. 173-FZ.

In addition, in accordance with subparagraph “e1” of paragraph 7 of part 1 of article 1, foreign legal entities registered in accordance with the Federal Law “On International Companies” are recognized as non-residents.

Taking into account the above, international companies are considered non-residents.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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How to top up a Solid Bank deposit?

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Each depositor of Solid Bank should definitely know the current methods of replenishing deposits. Especially if the deposit, according to the terms, has the possibility of replenishment.

How can I top up my deposit?

1. Depositing cash through the cash desk at a bank branch.

2. Transfer of funds from your account in Solid Bank to the deposit account. Such transfer is carried out without commission.

3. Interbank transfer from another credit institution using the details. The details can be found in your deposit agreement. If the transfer is made from your account in another bank, then the amount up to 30 million ₽ is without commission.

Important: if you notice that the terms of your deposit have changed, for example, there is no replenishment option under its terms. Don't worry! This does not apply to a previously concluded deposit. The terms under which your agreement was concluded are valid until the end of your deposit. And the updated terms are for new clients!

Look for suitable investment options in our line. Grow your capital by choosing the best financial instruments!

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial News: Answers to Questions about the Cooling-off Period for Consumer Loans

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Updated: 27.08.2025

If a bank or microfinance organization has violated anti-fraud regulations stipulated by law (Articles 24.2–24.4 of Federal Law No. 395–1, Parts 5–13 of Article 9 of Federal Law No. 151-FZ), and a criminal case has been initiated on the fact of theft of borrowed money, then the borrower is released from fulfilling obligations under the loan agreement and paying interest until the court verdict on the criminal case comes into force (Parts 7–9 of Article 13 of Federal Law No. 353-FZ).

Examples of violation of anti-fraud regulations:

the loan or credit was issued without a cooling-off period; the MFI issued a loan to a person whose data is available database Bank of Russia.

If you took out a loan (credit) under the influence of fraudsters and transferred money to them, you must:

contact the police with a statement to initiate a criminal case on the fact of theft of money under a consumer credit (loan) agreement; send a copy of the resolution on the criminal case to the bank or microfinance organization (in the manner stipulated by the consumer credit (loan) agreement, by registered mail with acknowledgment of delivery, or give it to the employee in person against signature); file a claim with a court of general jurisdiction (jurisdiction is determined in accordance with Article 13 of Federal Law No. 353-FZ) to recognize the consumer credit (loan) agreement as invalid; send the court decision to the bank or microfinance organization (in the manner stipulated by the consumer credit (loan) agreement, by registered mail with acknowledgment of delivery, or give it to the employee in person against signature).

In addition, a citizen has the right to file a civil claim during the trial of a criminal case in court, containing a demand for compensation for property damage and compensation for moral damage (Part 1 of Article 44 of the Criminal Procedure Code of the Russian Federation).

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Take special control – the State Duma is concerned about migrant transfers

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why do MPs want to limit migrants' money transfers?

The appeal of deputies to the Bank of Russia with a proposal to limit transfers by foreigners is due to the lack of effective legislative measures that would allow controlling the income of migrants. Legislators cite several reasons for introducing restrictions:

Foreigners transfer amounts from Russia that are significantly higher than their official incomes; the percentage of unofficial employment with salaries “in envelopes” remains high in the country – the budget does not receive enough taxes; migrant transfers are one of the channels for the withdrawal of capital obtained by criminal means; the lack of control leads to negative economic and social consequences for the country.

“The majority of migrants do not pay any taxes in Russia, but they take large sums out of the country: last year alone, over 14 billion dollars were sent to Kyrgyzstan and Uzbekistan – essentially, this is black cash,” MP Sergei Mironov previously stated.

The fight against illegal employment and money laundering are the key reasons why authorities want to introduce legislative restrictions on transfers.

What restrictions for migrants does the State Duma propose to introduce?

Deputies proposed to limit the amount of migrant transfers – foreigners will be able to send home funds not exceeding the amount of their own salary. If a migrant wants to transfer an amount greater than their official salary, the bank will be forced to request a declaration that will confirm the legality of the income received.

The government also proposed increasing a number of duties related to migration registration and taxing money transfers made by foreigners. Deputies recalled that last year alone, the number of foreigners in Russia increased by 9.5 million people, and another 700,000 migrants are in the country illegally.

09:00 08/26/2025

Source:

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial News: Sectoral Assessment of AML/CFT Risks

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The structure of suspicious transactions and economic sectors that formed the demand for shadow financial services.

In the material on the results of 2021 and all subsequent years, the term “suspicious transactions” is used instead of the term “questionable transactions” (in accordance with the amendments made by Federal Law No. 423-FZ of 21.12.2021 “On Amendments to Certain Legislative Acts of the Russian Federation” to Federal Law No. 115-FZ of 7 August 2001 “On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism”). More Collapse –

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Financial News: Estimates of Unobserved Variables for Russia: Putting Bars and Stars on r and y

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia has created and uses a set of models for medium-term forecasting, based on various versions of the New Keynesian model of dynamic stochastic general equilibrium. In their structure, they have many common features with the models used by other central banks that have successfully implemented inflation targeting policies for a long time. At the same time, the models take into account the features of the transmission mechanism of monetary policy in Russia and the macroeconomic policy being pursued (in particular, the mechanism of the budget rule).

This group of models includes the quarterly forecast model (QFM), which is a flexible tool for analyzing a wide range of scenario forecast variations. Dynamic stochastic general equilibrium models (DSGE) of a small open economy with a budget sector, banking sector, etc., allow obtaining additional estimates of forecast trajectories, as well as taking into account structural prerequisites not explicitly reflected in the QFM.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Report on the results of the annual monitoring of the values of insurance tariffs applied in compulsory insurance of civil liability of the carrier

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Performance indicators of insurers based on the Report on the structure of financial results by insurers

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Due to changes in the methodology for generating reporting indicators in Form 0420162 “Information on the insurer’s activities”, the amount of insurance premiums, starting with data for the first quarter of 2023, may not be fully comparable with the indicators for the comparative periods of the previous year. For a correct comparison of the volume of insurance premiums for reporting periods with similar periods of the previous year, information has been published on form 0420158 "Report on the structure of financial results by accounting groups".

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.