Category: Russian Language

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Measures will be tough – the Central Bank warned banks against imposing conditions on deposits

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why did complaints arise about additional conditions for deposits?

Russian investors complain about the behavior banks, which lure customers with higher rates, but require a number of actions to be taken to obtain generous terms. Among the banks that have requirements for high rates on deposits:

Yandex Bank – the 21% rate is valid only with the Plus subscription and once for 62 days;
VTB – 21.5% for 3 months, available only with MiXX subscription;
Sovcombank – a surcharge to the deposit rate of up to 4% is provided for purchases using the “Halva” card with the “Ten” subscription;
MTS Bank – the maximum rate is provided for card transactions over 90 thousand rubles per month;
Sberbank – the best conditions apply to “new money” that has not been stored in accounts for more than two months, as well as when connecting a subscription.

“It is becoming increasingly difficult to simply open a deposit – clients have to study a ton of conditions and meet dozens of criteria in order to receive a favorable interest rate: at the same time, the increased rates are valid for a limited period,” the expert noted.

Banks require depositors to connect paid subscriptions, turnover on cards, keep certain balances, receive salaries into an account – it is much more difficult to calculate the real profitability of such deposits, not to mention convenience and transparency for the client.

How does the Central Bank of the Russian Federation plan to combat the imposition of conditions on deposits?

The Bank of Russia is closely monitoring the situation on the savings products market – credit institutions have been recommended to honestly inform citizens about the terms and conditions and to abandon the practice of putting forward numerous requirements to receive a higher rate. If the recommendations are not followed, the regulator will have to develop amendments to the legislation or create a banking standard to restore order in the industry.

Let us recall that the high key rate has led to a surge in the popularity of deposits – this year, balances on individuals’ accounts have grown by 6%, amounting to over 61 trillion rubles: by the end of the year, the figure could reach 70 trillion rubles. However, after the key rate was reduced (from 21 to 20%), banks began to massively revise the terms of deposits for the worse, but the demand for deposits and savings accounts remains high.

12:00 08.07.2025

Source:

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Australian Prime Minister to Visit China /detailed version-1/

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, July 8 (Xinhua) — At the invitation of Chinese Premier Li Qiang, Australian Prime Minister Anthony Albanese will pay an official visit to China from July 12 to 18, Chinese Foreign Ministry spokesperson Mao Ning said on Tuesday.

Mao Ning noted at a regular press briefing that the visit is taking place at a time when the China-Australia comprehensive strategic partnership is entering its second decade.

"Under the leadership of the two heads of state and the joint efforts of the two sides, China-Australia relations have continued to improve," Mao Ning said.

"China stands ready to work with Australia to seize the upcoming visit as an opportunity to intensify exchanges, enhance mutual trust and expand practical cooperation to further advance the China-Australia comprehensive strategic partnership," Mao Ning said. -0-

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Shanghai Welcomes Pushkin: Special Exhibition Introduces Chinese to Russian Poet

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

SHANGHAI, July 8 (Xinhua) — A special exhibition titled "Great Poet, Pride of the Nation – A.S. Pushkin and Eastern Repercussions" opened at the China Printing and Publishing Museum in Shanghai on Monday.

The event presents more than one hundred exhibits from the collection of the All-Russian Museum of A.S. Pushkin, which provide a comprehensive overview of the creative path of Alexander Pushkin and the dissemination of his works in China over more than 100 years. Many of them were imported to China for the first time and shown to the country's residents.

The exhibition consists of three parts dedicated to the poet's biography, his classical works, and his connection with China. Pushkin's study in the Mikhailovskoye estate, where the Russian poet created the historical drama "Boris Godunov" and other famous lyric poems, was recreated on site.

The exhibition also features valuable works of art created by Russian artists from the late 19th to the early 21st century, such as Ilya Repin’s painting “The Duel of Onegin and Lensky,” Alexander Benois’s illustrations for “The Bronze Horseman,” and Vladimir Favorsky’s illustrations for “Boris Godunov.”

In addition, the exhibition pays great attention to the dissemination of the Russian poet’s works and their influence in China, and presents rich literary sources, including a copy of the Shiu Bao newspaper, in which, as is known, A.S. Pushkin was first mentioned in China.

At the same time, the exhibition also displays manuscripts and personal collections of Chinese translators, which have become important evidence of Sino-Russian literary exchanges. Among them are works and translations by Ge Baoquan, Wang Zhiliang, Feng Chun, as well as the Pushkin Medal awarded to Liu Wenfei and his award certificate.

Museum visitors can use an interactive device to receive commemorative postcards printed with poems such as “If Life Deceives You…,” translated by Ge Baoquan, Feng Chun and Liu Wenfei.

The exhibition opened to the public on Tuesday and runs until October 9.

Shanghai has an inseparable connection with Pushkin. Let us recall that at the beginning of the 20th century, Pushkin's novel "The Captain's Daughter" was translated into Chinese and published in Shanghai. This novel became the first work of Russian literature translated into Chinese and published as a separate book, which, according to some scholars, marked the beginning of the translation and dissemination of Russian literature in China.

Moreover, in one of the squares of the Chinese metropolis there is a monument to the great Russian poet, which was originally erected in early February 1937, restored in February 1947 and reconstructed in August 1987. -0-

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China's military expresses confidence in fighting separatists seeking 'Taiwan independence'

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, July 8 (Xinhua) — China's People's Liberation Army (PLA) has the confidence and ability to dispel all illusions of separatists advocating "Taiwan independence," Defense Ministry spokesman Jiang Bin said Tuesday.

Jiang Bin thus commented, at the request of journalists, on recent statements by the head of the Taiwanese administration, Lai Qingde, about the so-called increase in the “defense budget” and the “struggle for Taiwan, Penghu, Kinmen and Matsu.”

Both sides of the Taiwan Strait belong to China alone, and Taiwan, Penghu, Kinmen and Matsu are all part of China's sacred territory, Jiang Bin stated.

Jiang Bin criticized Lai Qingde for fabricating security threats to manipulate public opinion in Taiwan and attempting to militarize local society and drag Taiwan's future into a scenario of external interference.

Lai Qingde's call to "fight for Taiwan, Penghu, Kinmen and Matsu" is actually a fight for the interests of the Democratic Progressive Party and the separatists' desire for "Taiwan independence," he confirmed.

Commenting on Taiwan's military exercises that will begin on Wednesday, Jiang Bin noted that no matter what exercises they conduct or what weapons they use, it will not stop the PLA's countermeasures against "Taiwan independence" or stop the irresistible trend of national reunification. -0-

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The 2nd course for Kazakh entrepreneurs has been completed in Qingdao

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, July 8 (Xinhua) — The second course for Kazakh entrepreneurs was held in Qingdao, Shandong Province, east China, in late June and early July.

The 2nd training course on regional trade and economic cooperation between agricultural enterprises of China and Kazakhstan was held at the Institute of Trade and Economics of the Shanghai Cooperation Organization (SCO) of Qingdao University. It was attended by 13 entrepreneurs from Kazakhstan, the local newspaper Dazhong Ribao reports.

The course participants visited the SCO International Exhibition Centre, the SCO One-Stop Service Platform and local enterprises, where they learned about the development of livestock technology and China's achievements in the application of intelligent agricultural technologies.

In addition, last Friday the institute hosted a business meeting of entrepreneurs from China and Kazakhstan.

"The meeting allowed us to establish contacts with several Kazakh enterprises. The parties agreed to deepen contacts to promote the implementation of agricultural investment projects in Kazakhstan," Wang Huawei, director of investments at one of the Qingdao investment companies, told the newspaper in an interview.

Since its establishment in 2022, the SCO Institute of Trade and Economics has conducted 175 courses, attended by 12,000 people from SCO countries and countries participating in the Belt and Road Initiative. -0-

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The Department of Construction Materials Technology and Metrology has developed methods to improve the fire safety of concrete

Translation. Region: Russian Federal

Source: Saint Petersburg State University of Architecture and Civil Engineering –

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Associate Professor of the Department of Construction Materials Technology and Metrology Dmitry Panteleev completed the research work "Crack resistance of dispersion-reinforced concrete after high-temperature heating" as part of the grant competition for the implementation of research work by scientific and pedagogical workers of SPbGASU in 2025.

Every year in Russia there are many fires in buildings and structures. Their number can be reduced by increasing the requirements for the structural safety of buildings. For this, when designing, in addition to calculating the load-bearing structure for strength, it is also necessary to carry out a fire resistance calculation to guarantee the preservation of the load-bearing capacity in fire conditions for a specified time.

In case of fire, high fire resistance of building structures is a guarantee not only of the structural integrity of the building, but also of the safety of people. After the fire starts to affect the structure, concrete can explode, breaking off from the heated surface in plates. Pieces of peeling concrete fly off with a bang to a distance of up to 10 m.

During the research, fibre-reinforced concrete compositions were designed and manufactured, followed by determination of their properties after exposure to high-temperature heating.

It was found that the use of steel fiber can increase the crack resistance and fracture toughness of concrete structures, thereby making them safer in the event of a fire, while the use of synthetic microfiber helps to avoid explosive destruction.

As a result of the research, effective versions of fiber concrete were developed using high-modulus steel and low-modulus synthetic fibers to obtain highly fire-resistant concrete, to increase their technical and economic efficiency, reliability and operational safety of building and structure structures.

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Tatyana Golikova greeted the participants of the 10th All-Russian Forum of State Labor Inspectors

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Tatyana Golikova addressed the participants of the 10th All-Russian Forum of State Labor Inspectors with a video greeting.

Video greeting from Tatyana Golikova to the participants of the 10th All-Russian Forum of State Labor Inspectors.

15 hours ago

From the transcript:

Dear colleagues!

I am pleased to welcome the participants and guests of the tenth anniversary All-Russian Forum of State Labor Inspectors.

Over the years of its existence, the forum has become a unique platform for dialogue, professional training and the formation of new approaches to solving the most important social task of the state – protecting the labor rights of citizens.

And here the main role is played by the federal labor inspection system, which has changed significantly over the past period.

Rostrud was one of the first supervisory bodies to test the use of a risk-oriented approach, checklists and a prevention system – all of these developments were subsequently taken into account in the federal law on supervision, according to which all supervisory bodies now operate.

The introduction of innovative principles has made it possible to achieve quite significant results.

Thus, over the past 12 years, the level of industrial injuries has decreased by a third. The amount of wage arrears has decreased more than threefold. Last year alone, largely due to the implemented algorithm of interaction with employers without inspections, workers received their due payments in the amount of over 5.6 billion rubles. According to the results of last year, the rights of more than 367 thousand working citizens were restored. In accordance with the demands of labor inspectors, wages in the amount of over 14 billion rubles were paid.

These figures represent the well-being of our citizens. And largely thanks to your work, sensitive, caring approach to solving problems that arise for workers, the sphere of labor relations remains stable.

But of course, we can’t stop there.

Today, you are faced with new challenges: the development of risk management systems, services for preventing violations of mandatory requirements, risk indicators as the main control tool and, of course, the digitalization of control activities, including the introduction of remote supervision elements.

These are not easy tasks, but their solution will allow us to qualitatively improve the efficiency of labor supervision. Make it precise and targeted.

I am confident that within the framework of the forum you will be able to exchange best practices, discuss existing problems and find solutions, and develop new approaches to organizing control and supervisory activities.

You will become the conductors of the innovative ideas being implemented, and it is up to you to determine how flexible, fair and effective the system of control and prevention of labor relations will be.

Participation of our foreign colleagues in the forum has become a good tradition. I hope that the forum will allow you to get acquainted with new approaches in the work of Russian inspectors, exchange experiences, and also improve the level of professional skills and competencies.

I wish you all successful work.

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XV International Industrial Exhibition "Innoprom".

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

The International Industrial Exhibition "Innoprom" has been held in Yekaterinburg annually since 2010 and is the main industrial, trade and export platform in Russia, serving as a platform where the foundations of industrial policy are laid. About 80% of the exhibition visitors are professional buyers from different countries of the world, specialists of industrial enterprises making decisions on the introduction of new products and technologies in production.

The 15th International Industrial Exhibition Innoprom is taking place from July 7 to 10 at the Yekaterinburg-Expo IEC. The theme of Innoprom 2025 is Technological Leadership: Industrial Breakthrough.

Drive

Meeting of Mikhail Mishustin with Acting Governor of Sverdlovsk Region Denis Pasler

Mikhail Mishustin inspected a prototype of the modernized Il-114-300 passenger aircraft

Five countries are represented with national expositions this year: the partner country of Innoprom-2025 – the Kingdom of Saudi Arabia, as well as the republics of Kyrgyzstan, Kazakhstan, Uzbekistan, and Belarus.

Among Russian companies, large-scale stands will be presented by the Rostec State Corporation, the Rosatom State Corporation, Sber, GPB, Sinara, TMK, and PC Transport Systems. Collective expositions are planned to be presented by 33 regions of Russia: Vologda Oblast, DPR, Zaporozhye Oblast, Kaluga Oblast, Kirov Oblast, Krasnodar Krai, Krasnoyarsk Krai, Kurgan Oblast, Lipetsk Oblast, LPR, Moscow, Orenburg Oblast, Oryol Oblast, Perm Krai, Primorsky Krai, Rostov Oblast, Republic of Bashkortostan, Republic of Karelia, Komi Republic, Mari El Republic, Republic of Tatarstan, Samara Oblast, Sakhalin Oblast, Sverdlovsk Oblast, Tambov Oblast, Tver Oblast, Tomsk Oblast, Tula Oblast, Udmurt Republic, Chelyabinsk Oblast, Chuvash Republic, Kherson Oblast, Khanty-Mansi Autonomous Okrug – Yugra.

Collective national expositions occupy an area of 2,445 sq. m. Official delegations are expected from China, the UAE, Pakistan, Turkmenistan, Tajikistan, Armenia, Myanmar, Egypt, Ethiopia, Zimbabwe, the Central African Republic, Congo, Burkina Faso, Bosnia and Herzegovina, as well as countries represented with national expositions. Delegations of business representatives from at least 52 countries are expected, including Iran, Qatar, China, Pakistan, Afghanistan, Senegal, Guinea, Ghana, and Turkey.

The main tracks of the Innoprom business program are: International Cooperation, Industrial Innovations, Digital Production, Industrial IT, Cybersecurity in Industry, Finance and Industry, Industrial Infrastructure, New Mobility, Technologies for Cities, Labor Productivity, Human Resources, and Educational Solutions for Industry. The business program sessions will be held throughout all four days of the exhibition.

The key event of the Innoprom-2025 business program will be the main strategic session “Technological Leadership: Industrial Breakthrough”, within the framework of which the presentation of the 11th Russian National Industrial Award “Industry” is planned.

The award was established in 2014 by the Ministry of Industry and Trade to promote the implementation of advanced technologies in industrial production and public recognition of the best practices of Russian companies in industrial development. In 2015, "Industry" was awarded the status of a Government Award. In 2025, a record number of applications was received – 392. The largest number of applications came from Moscow, St. Petersburg, Sverdlovsk, Moscow and Chelyabinsk regions. The nominees were Biotekhno LLC, KEAZ JSC, Optic Fiber Systems JSC, NPP Radar MMS JSC and Severstal PJSC. The projects of the laureate and nominees will be presented at the stand of innovative industrial projects of the Ministry of Industry and Trade.

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Meeting of Mikhail Mishustin with Acting Governor of Sverdlovsk Region Denis Pasler

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

Issues of socio-economic development of the region were discussed.

Meeting of Mikhail Mishustin with the acting governor of the Sverdlovsk region Denis Pasler.

From the transcript:

M. Mishustin: Dear Denis Vladimirovich!

This week Yekaterinburg is hosting Innoprom, the leading exhibition of domestic industry. I would like to thank in your person everyone who worked hard and prepared, because this is a very important event for industries and for federal executive bodies. A lot of people, thousands, from all over the country have gathered here.

I would also like to wish you success in your work in your position. In March, the President appointed you acting. You worked as the Chairman of the Government here in the Sverdlovsk Region for many years before that. You led the Orenburg Region. I want you to succeed. Good luck to you in all your endeavors and endeavors.

Tell us what the general situation is in the economy today, what is happening with industry.

D. Pasler: Dear Mikhail Vladimirovich!

Thank you very much for your constant support of the Innoprom exhibition, for your personal presence. Of course, this is important for all industrialists. When you, Denis Valentinovich (Manturov), the leadership of the Ministry of Industry are at the exhibition, the most pressing issues are resolved. This is very important for us. Thank you very much again.

Regarding the economic situation. According to the results of five months, the growth of the industrial index is 102%, for shipped products – 108.9%. Investments, despite all the difficulties, sanctions, restrictions, are more than 104.5%. The construction market – we have a 3 million plan. According to the results of the first half of the year, we have fulfilled the plan, about 1.5 million have already been introduced.

To be continued…

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Former Vice Chairman of Xizang Autonomous Region People's Government Sentenced to Death with Suspension for Bribery

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

CHANGSHA, July 8 (Xinhua) — Wang Yong, former vice chairman of the people's government of southwest China's Xizang Autonomous Region, was sentenced to death with a two-year reprieve on Tuesday for accepting bribes.

The verdict was handed down by the Intermediate People's Court of Chenzhou City, Hunan Province, central China. His case was heard in open court on May 15 this year.

According to the verdict, Wang Yong, also a former member of the SAR government's leadership group, was deprived of political rights for life and all his personal property will be confiscated in favor of the state.

The court found that from 2007 to 2023, Wang Yong, in various positions, abused his official powers to assist other organizations and individuals in winning contracts for contracting projects, thereby illegally enriching himself in the total amount of more than 271 million yuan (about 37.9 million US dollars).

The court ruled that Wang Yun's crimes had caused serious harm to the interests of the state and the people. Meanwhile, based on the fact that the defendant admitted his guilt and repented of his actions, and also assisted in the return of illegally obtained funds, his sentence was reduced. -0-

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