Category: Russian Finance

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Test your level of financial literacy!

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

The Bank of Russia is holding the All-Russian Online Financial Literacy Test from October 7th to 28th. We invite everyone interested in finance to participate!

Participants will be able to test their knowledge in the areas of personal finance, investments, banking products, and financial fraud protection. They will also receive new information and personalized recommendations on the topic.

The Bank of Russia offers several types of checks: • personal test – it will take about 20 minutes to complete, • family test – it will take about an hour to complete.

There's no limit to the number of attempts you can take the test. Those who successfully complete the tasks will receive a personalized certificate!

Get your kids involved! We've developed a test for them too. The tasks are designed in an interactive format, based on real-life situations. So, taking the test will be not only useful but also engaging! They'll also earn a certificate to add to their portfolio of achievements.

The test is conducted on the FinZachet project website.

TAKE PART!

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 mechanism has been revealed – salaries in digital rubles have been credited in Russia for the first time.

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Who was the first in Russia to receive a "digital" salary?

The first recipient of a salary in the new currency was Anatoly Aksakov, head of the State Duma Committee on Financial Markets. The parliamentarian noted several features of working with the digital ruble, which he was able to test in practice:

The Central Bank of the Russian Federation account is displayed in the bank's standard app; the account balance and completed transactions—debits and credits—can be viewed. Aksakov paid with the new currency at a cafe, although payments are only accepted at locations that have configured digital rubles. Transferring funds through online banking was also straightforward. The parliamentarian also tried transferring funds to a regular account and then withdrawing them from an ATM—no difficulties were encountered.

"Working with the digital ruble is done through the bank's app—no additional software is required," Aksakov noted.

The head of the Financial Markets Committee decided to personally participate in the experiment in order to independently evaluate the procedure for working with the new currency and demonstrate the mechanism to Russians.

How is the digital ruble experiment going?

The digital ruble is expected to be launched next year, while the Central Bank of Russia continues to experiment and test transactions with Russian citizens and businesses. The pilot is being conducted in several stages:

Testing began in the summer of 2023 with a limited number of participants; by the end of 2024, 9,000 Russians and over 1,000 companies had joined the experiment; by the summer of 2025, over 100,000 transactions had been conducted with the digital currency; the total number of transfers exceeded 63,000, payments – 13,000, and smart contract transactions – 17,000; in September, salaries were credited in digital rubles for the first time; later, some students received scholarships in the new currency.

However, public reaction to the introduction of the digital ruble remains mixed: about half of Russians see no advantages in using the new currency. Citizens believe that using the digital ruble will entail increased risks and increased government oversight.

12:00 07.10.2025

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: List of Electronic Money Operators

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Published in accordance with Federal Law No. 161-FZ of June 27, 2011, "On the National Payment System" and Bank of Russia Instruction No. 5379-U of December 26, 2019, "On the registration by the Bank of Russia of organizations as payment system operators, the inclusion of foreign organizations that are operators of foreign payment systems in the register of operators of foreign payment systems, and the procedure for maintaining the register of payment system operators and the register of operators of foreign payment systems," registered by the Ministry of Justice of the Russian Federation on March 31, 2020, No. 57916. More Collapse –

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: A Navigator to Restrictive Measures.

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The navigator contains information on restrictive economic measures in the Russian Federation based on Russian legislation and other regulatory legal acts, taking into account official clarifications from the regulator, decisions of the Board of Directors of the Bank of Russia, and decisions of the Government Commission for the Control of Foreign Investment in the Russian Federation, which are of a public nature.

The Navigator is for reference purposes only and does not replace the relevant regulatory legal acts and other acts applicable on the date of the transaction (operation) that establish both restrictions (prohibitions, special procedures for their implementation) and exceptions to them, which it is advisable to rely on first and foremost when deciding on their applicability.

In order to decide on the applicability of restrictions (prohibitions, special procedures for conducting a transaction (operation) or exceptions to them to a specific transaction (operation), it is advisable to conduct a comprehensive analysis of the current regulation.

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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Solid Bank's operating hours in Kamchatka from October 2-5

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers and residents of Kamchatka!

Carrying out repair work on the coastal infrastructure of the Sakhalin-Kamchatka underwater fiber-optic communication line postponed again due to unfavorable conditions. 

New period of temporary internet shutdown in the region: from October 2 to October 5, 2025.

We remind you that Solid Bank has established a backup connection during the internet outage. However, some bank services may be subject to limitations due to the anticipated increased load on connection lines. Therefore, please schedule most financial transactions for the period after the repairs are completed.

We recommend having cash on hand during this period, as there may be problems with offline card payments at retail outlets in the Kamchatka Territory.

If you have any problems, you can contact the bank’s hotline: 8 800 775 56 06 (free call within Russia).

Please note that all client funds are safe and our offices are stocked with sufficient cash.

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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Solid Bank's operating hours in Kamchatka from September 30 to October 5

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

It was previously reported that the Government of Kamchatka Kraiannounced a temporary internet shutdown in the region from September 25 to 29.The restrictions are being introduced due to repair work being carried out on the coastal infrastructure of the Sakhalin-Kamchatka underwater fiber-optic communication line in the Ust-Bolsheretsky District.

These works have been postponed due to unfavorable conditions. A new period of temporary internet outage has been announced in the region: from September 30 to October 5, 2025.

We remind you that Solid Bank has established a backup connection during the internet outage. However, some bank services may be subject to limitations due to the anticipated increased load on the connection. Therefore, please schedule most financial transactions for the period after the repairs are completed.

We recommend having cash on hand during this period, as there may be problems with offline card payments at retail outlets in the Kamchatka Territory.

If you have any problems, you can contact the bank’s hotline: 8 800 775 56 06 (free call within Russia).

Please note that all client funds are safe and our offices are stocked with sufficient cash.

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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On the introduction of a new version of the Procedure of JSC Solid Bank for recognizing a person as a qualified investor

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We inform you that, as of October 13, a new procedure for recognizing a person as a qualified investor will be introduced by Solid Bank JSC.

The main changes affected the following aspects: – new requirements have been added for work experience, education, income, and property size; – Form 8a of the notification of recognition of a person as a qualified investor has been added for clients of the Trustee; – Form 10 has been added with a full list of information and documents required to recognize a person as a qualified investor.

The full text of the document is available at the link: HTTPS: // SOOLIDBANK.ru/investment-Service/

For any questions regarding this notice, please call: 7 (495) 644 40 47.

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: Results of the UFR survey on the use of the XBRL format: digest.

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Since 2018, the XBRL reporting format has become mandatory for insurers, professional securities market participants, trade organizers and clearing organizations, non-state pension funds, joint-stock investment funds, investment fund management companies, mutual investment funds and non-state pension funds, since 01.04.2021 – for insurance brokers and credit rating agencies, since 01.10.2021 – for specialized depositories, since 01.01.2022 – for credit history bureaus, since 01.04.2023 – for investment platform operators, financial platform operators, operators of information systems in which digital financial assets are issued, as well as digital financial asset exchange operators, since 01.04.2024 – for self-regulatory organizations in the financial market.

As of June 30, 2023, the state corporation Deposit Insurance Agency, which acts as the bankruptcy trustee, switched to submitting reports of liquidated insurance organizations to the Bank of Russia in XBRL format.

In the process of reporting in XBRL format, a supervised entity should use the following main sources of information:

the version corresponding to the reporting period final XBRL taxonomy of the Bank of Russia, which is a complete technological set of supervisory requirements for an organization and includes the entire volume of indicators of accounting (financial), supervisory and statistical reporting;
normative act, which is a direct projection of the complete structure of the taxonomy and includes information on the procedures and deadlines for compiling and submitting reports to the Bank of Russia;
Rules for generating XBRL reports and submitting them to the Bank of Russia, explanations, methodological recommendations for its completion, which, among other things, provide a list of duplicate indicators in different reporting forms with the numbers of such forms, and also contain templates for visualizing indicators that have a tabular reporting format familiar to NFOs;
software, implementing the conversion of reporting data into XBRL format: the Converter software and the XBRL Questionnaire Editor software.

Responsible structural unit: Department of Data, Projects and Processes.

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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Solid Bank office hours in Kamchatka from September 25 to 29

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

On September 17, the press service of the Kamchatka Krai governmentannounced a temporary internet shutdown in the region from September 25 to 29.The restrictions will be introduced due to repair work being carried out on the coastal infrastructure of the Sakhalin-Kamchatka underwater fiber-optic communication line in the Ust-Bolsheretsky District.

Solid Bank has established a backup communications channel during the internet outage. However, some bank services may be subject to limitations due to the anticipated increased load on the communications channels. Therefore, please schedule most financial transactions for the period after the repairs are completed.

We recommend having cash on hand during this period, as there may be problems with offline card payments at retail outlets in the Kamchatka Territory.

If you have any problems, you can always contact the bank's hotline at: 88007755606

Please note that all client funds are safe and our offices are stocked with sufficient cash.

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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A differentiated approach: the preferential mortgage rate will be linked to the number of children

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How does the Family Mortgage program work now?

Mortgage program The program for state support for families with children has been in operation in the Russian Federation for over seven years, and the terms have been adjusted several times. Thus, in 2025, the following people can apply for a loan:

at a preferential rate of 6% (standard mortgages are issued at 17% per annum and higher); if the family has at least one child under the age of six (or a child with disabilities under the age of 18); the down payment must be at least 20%; the loan amount is 12 million rubles in Moscow and the Moscow region, St. Petersburg and the Moscow region, 6 million rubles in other regions; housing can only be purchased in new buildings or on the secondary market in regions where there are no apartment buildings under construction.

"The preferential program has led to a doubling of real estate prices over five years, while construction volumes have only increased by 10% during this period," the head of the Central Bank of the Russian Federation stated regarding the downsides of state support.

Family mortgage The program is valid until 2030, but may be extended in the future, as it has been on several occasions. This benefit is aimed at stimulating the birth rate and providing opportunities for families in need to improve their housing conditions.

What changes to preferential mortgages are the authorities proposing?

The State Duma has instructed the Ministry of Finance and the Ministry of Construction to jointly develop changes to the terms of the Family Mortgage program. It is expected that the authorities will implement the following lending terms under the state-supported program:

The interest rate will be differentiated and linked to the number of children in the family; upon the birth of a new child, the rate will be automatically reduced; the minimum area of apartments available for purchase will be limited to 35 square meters; the possibility of linking rates to the region of residence and the size of the federal subject is also being considered.

The possibility of banning preferential mortgages outside the region of registration is also being discussed. This debate stems from the fact that 40% of loans were taken out by borrowers in Moscow and St. Petersburg, as housing construction is not taking place in smaller towns.

09:00 09/23/2025

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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