Financial news: Fraud risks in the region will affect the cost of the MTPL policy

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Bank of Russia proposes to change the procedure for determining the territorial coefficient (TC). If a region has a long-term high risk of unfair actions in MTPL, then when calculating the cost of the policy, the TC there will be twice as high as the base value. New pricing rules are provided draft instructions Bank of Russia, which was published for public discussion.

The Bank of Russia will determine such regions taking into account their location in the high-risk zone. According to data "Monitoring regional risks of unfair actions in compulsory motor third party liability insurance", these include the Republic of Ingushetia (since 2019) and the Novosibirsk Region (since 2021). For 8 territories located in these regions, it is proposed to establish an increased value of CT. From 2023 to 2025, the number of regions with high risks of unfair actions (the "red" zone according to Monitoring) decreased from 12 to 2, over the past year as a result of the active work of regional authorities from the "red" zone came outRepublic of Dagestan and the Chechen Republic.

The Bank of Russia also updates the base value of the CT for a number of regions, taking into account the current loss ratio of MTPL.

In addition, the document expands the tariff corridor in both directions: by 40% for motorcycles and by 15% for all other categories. The revision of the boundaries is necessary to maintain fair pricing in the context of rising spare parts costs and the size of OSAGO payments. For ordinary motorists, the tariff corridor has not changed since September 2022. At the same time, the average payment has increased significantly: its value for 6 months of 2025 was 56% higher than for the same period in 2022, and 17% higher than for the first 6 months of 2024.

After the expansion of the tariff corridor, insurers will still be able to offer experienced and careful drivers policies at low prices due to more correct pricing for drivers with high losses. In the second quarter of this year, 58% of classic policies (excluding short-term ones) for motorcycles and 29% of policies for ordinary motorists were issued at the upper limit of the current corridor. According to the results of 6 months of this year, the average premium for ordinary motorists decreased by 4%. Such a decrease with a simultaneous increase in the average payment occurs due to the possibility of correct pricing within the boundaries of the expanded corridor for policies of high-risk policyholders and competition for low-risk drivers.

Comments and suggestions regarding the draft directive will be accepted until September 7 inclusive.

Preview photo: LeManna / Shutterstock / Fotodom

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.

.

Financial news: Portfolio of loans to developers in the second quarter grew by 8%

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The growth of the housing construction project financing portfolio in the second quarter amounted to 0.7 trillion rubles (0.4 trillion rubles in the previous quarter). Loan issuances increased slightly due to the launch of new projects, while repayments, on the contrary, decreased due to a slowdown in the commissioning of buildings.

Project financing provided about 60% of the total growth of the corporate loan portfolio for the quarter. Developers' debt at the end of the second quarter exceeded 9.3 trillion rubles (48% of the banking sector capital).

Sales of apartments under equity participation agreements in construction in value terms decreased slightly (-6%, to 1.3 trillion rubles). At the same time, receipts to escrow accounts remained at the level of the first quarter (1.1 trillion rubles). The difference between sales and receipts is mainly due to the provision of installments. At the same time, the volume of sales by installments is slightly higher than can be judged by this difference, since part of the receipts to escrow accounts are payments on previously taken installments.

The average weighted rate on the project financing portfolio increased to 10.7% per annum (0.4 percentage points per quarter), but remains significantly lower than the average lending rate in the corporate segment (18.9%).

Read more in the review "On project financing of housing construction in the second quarter of 2025".

Preview photo: Evgeny Messman/TASS

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.

.

Dmitry Chernyshenko held a meeting of the organizing committee for the preparation and holding of the Alexander Nevsky International Sports Games

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.

A meeting of the organizing committee for the preparation and holding of the 2025 Saint Blessed Prince Alexander Nevsky International Sports Games was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko. The competitions will be held from September 9 to 15 in St. Petersburg. The organizers are the Ministry of Sports, the Government of St. Petersburg and the Patriarchal Commission for Physical Culture and Sports of the Russian Orthodox Church.

The organizing committee for the preparation and holding of the Alexander Nevsky International Sports Games in 2025 was created on the initiative of His Holiness Patriarch Kirill of Moscow and All Rus' and with the support of Prime Minister Mikhail Mishustin.

"In September last year, the II All-Russian Sports Games of the Holy Blessed Prince Alexander Nevsky were successfully held in Nizhny Novgorod. They were held at a truly high organizational level, with almost 2,000 people from 68 regions participating in 6 sports. The winner and holder of the Patriarch of Moscow and All Rus' Challenge Cup was the team from St. Petersburg. This city will host the next games. This year, we are expecting about 2,500 participants – representatives of 74 regions of Russia, as well as the republics of Belarus, Tajikistan and Kazakhstan, Indonesia and other countries," said Deputy Prime Minister Dmitry Chernyshenko.

The meeting was attended by representatives of the Ministry of Sports, the Ministry of Health, the Ministry of Education, the Ministry of Science and Higher Education, the Ministry of Foreign Affairs, Rossotrudnichestvo, the Russian Orthodox Church, as well as other interested organizations and regions of Russia.

The head of the Russian Ministry of Sports, Mikhail Degtyarev, spoke about the preparations for the games and the competition program: "This year, the sports program will be rich and diverse. Participants will perform in 6 sports: basketball, football, table tennis, chess, volleyball, and the GTO complex standards. In addition, we will have an additional program. The city with the richest history and cultural heritage has a lot of experience in organizing major competitions and will be an ideal platform. I am sure that these games will develop. We are trying to hold them in an international format for the first time and are already seeing the interest of our foreign colleagues."

Vice Governor of St. Petersburg Boris Piotrovsky noted that the city's preparations for the games are proceeding according to a comprehensive plan, which includes activities in various areas. Sports facilities for the competitions have already been approved, cost estimates for the organization and holding have been formed and agreed upon, as well as a plan of activities to ensure comprehensive security during the preparation and holding of the games.

The Deputy Prime Minister instructed that special attention be paid to the issue of attracting representatives of foreign countries to the games and that all necessary measures be taken to achieve this.

Ambassador-at-Large, Special Representative of the Minister of Foreign Affairs for International Sports Cooperation Mikhail Khorev noted that invitations to participate in the games were sent to the heads of sports departments of other countries. Serbia's decision on sending a team participating in the games to St. Petersburg is awaited. The department will also assist in obtaining visas for participants and guests of the event.

The event venue in St. Petersburg will host the international forum "Faith and Sport", aimed at interaction between religious organizations of traditional faiths in Russia and executive authorities, organizations and institutions in the field of physical culture and sport. It will combine scientific, educational, informational and cultural events for participants and guests of the games.

Metropolitan of Murmansk and Monchegorsk, Chairman of the Patriarchal Commission on Physical Culture and Sports Mitrofan proposed adding the event to the list of especially significant official physical culture and sports events with inclusion in the Unified Calendar Plan.

In addition, the issue of organizing the first winter international sports games of the holy blessed prince Alexander Nevsky in the Leningrad region is currently being considered.

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.

.

China Ready to Strengthen Strategic Mutual Trust and Deepen Practical Cooperation with Brazil — Chinese Foreign Minister

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, Aug. 28 (Xinhua) — China is willing to strengthen strategic mutual trust with Brazil, firmly support each other and deepen practical cooperation in various fields, Chinese Foreign Minister Wang Yi said Thursday.

Wang Yi, also a member of the Politburo of the CPC Central Committee, made the remarks during a telephone conversation with Brazilian Foreign Minister Mauro Vieira.

According to the head of the Chinese Foreign Ministry, Chinese-Brazilian relations have entered the best period in their history.

As the Chinese diplomat noted, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva have established a relationship of solid mutual trust and friendship, jointly providing important strategic guidance for building a China-Brazil community with a shared future.

Wang Yi added that China is willing to work with Brazil to accelerate the implementation of the important consensus reached by the leaders of the two countries and deepen practical cooperation in various fields.

M. Vieira, in turn, recalled the telephone conversation between Chairman Xi Jinping and President L.I. Lula da Silva that took place two weeks ago, and expressed sincere gratitude for it from the Brazilian side.

The Brazilian Foreign Minister noted that international trade is currently facing great uncertainty and multilateralism is facing serious challenges. According to him, in this situation, it is very important for BRICS countries to closely coordinate.

The Brazilian side hopes to strengthen communication and coordination with China and relevant parties, explore ways to support the multilateral trading system and promote the reform of the World Trade Organization, Vieira added.

Wang Yi said that Brazil had fully fulfilled its responsibilities as the BRICS chair and ensured the success of the Rio summit, which contributed to strengthening solidarity and cooperation among countries in the Global South. The Chinese side highly appreciates Brazil's efforts, the Chinese Foreign Minister stressed.

As Wang Yi pointed out, today, when the international situation is undergoing complex changes, China is willing to strengthen coordination with Brazil, work with the BRICS countries to resist unilateralism and bullying, protect the legitimate rights and interests of developing countries, and promote the reform and improvement of the global governance system. –0–

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.

.

Polish F-16 fighter jet crashes during air show rehearsal, pilot dies

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

WARSAW, Aug. 28 (Xinhua) — A Polish F-16 fighter jet crashed on Thursday during a rehearsal for a performance at the Radom International Air Show, killing the pilot, Polish government spokesman Adam Szlapka said.

The plane crash occurred in the afternoon. The fighter jet began to descend, after which it hit the runway and exploded. A. Shlapka confirmed on social media that the pilot did not survive. The cause of the incident is still unknown.

The international air show will take place from 30 to 31 August in the city of Radom in central Poland. More than 150 aircraft from 20 countries will take part in the event. It is one of the largest events of its kind in Poland. –0–

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.

.

Special Report: “History Must Be Remembered” – St. Petersburg Remembers the Joint Struggle of the Chinese and Russian Peoples Against Fascism and Militarism

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

ST. PETERSBURG, Aug. 28 (Xinhua) — A story of heroism that future generations should remember — that's how visitors described rare photographs on display in St. Petersburg, where a photo exhibition "Remembering the Past, Creating the Future" was officially opened to mark the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War.

The exhibition was organized by the Consulate General of China in St. Petersburg, the Xinhua News Agency and China Image Group. Visitors were presented with dozens of photographs that revived memories of the exploits of the past war. Particular attention was paid to the feat of Soviet volunteer pilots who fought shoulder to shoulder with their Chinese comrades. The exhibition shows the deep military friendship, sealed with the blood of the peoples of China and Russia during the World Anti-Fascist War.

Speaking at the opening ceremony, Consul General of the People's Republic of China in St. Petersburg Luo Zhanhui emphasized that 80 years ago, the peoples of China and Russia, fearlessly fighting on the frontlines, made an invaluable historical contribution to the protection of state sovereignty and national dignity, the preservation of peace and justice throughout the world. According to him, now China and Russia are permanent members of the UN Security Council and partners in comprehensive strategic interaction in the new era, so they are jointly responsible for protecting the results of the victory in World War II and preserving the post-war international order.

"This exhibition is a visible memory of how our peoples fought against a common enemy," noted Olga Migunova, Deputy Chairperson of the Russian-Chinese Friendship Society in St. Petersburg. The exhibition evokes warm feelings; the photographs on display show a real brotherhood of peoples, she added, pointing out the importance of the younger generation knowing this history of Russian-Chinese brotherhood, on which the future of our world depends.

“This is a story of mutual respect, willingness to share and learn new things about another people and culture. We fought and shed blood together,” says exhibition visitor Anna Sokolova, deputy director of the Krasnogvardeisky cultural and leisure center. She remembers most of all a 1937 photo from Shanghai, in which a baby is crying by the railroad tracks after a Japanese bombing. That day, more than 200 women and children waiting for a train were killed in the raid.

As Deputy Chairperson of the Leningrad Region Committee for External Relations Inna Bigotskaya emphasized, China has made a very significant contribution to the fight against fascism and militarism. “We must remember the heroism of the fighters, Chinese and Soviet, who fought against the occupiers. The historical memory of the joint fight against fascism lives in the hearts of our peoples and influences modern Russian-Chinese relations,” she believes. –0–

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.

.

European countries announce plans to reimpose sanctions on Iran

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

TEHRAN, Aug. 28 (Xinhua) — Three European countries — France, Germany and Britain, known as the E3 or "Euro-3" group, and the European Union on Thursday informed Iran of their intention to reimpose sanctions on Tehran.

According to a statement released by the Iranian Foreign Ministry, during a telephone conversation, Foreign Ministers David Lammy of the United Kingdom, Jean-Noël Barrot of France, Johann Wadephul of Germany and EU High Representative for Foreign Affairs and Security Policy Kaja Kallas informed Iranian Foreign Minister Abbas Araghchi of their plans to formally notify the UN Security Council about the launch of the sanctions snapback mechanism.

The snapback mechanism is part of the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action. It allows other parties to reimpose international sanctions if Iran fails to comply with the agreement.

According to the Iranian Foreign Ministry, European representatives also expressed their readiness to find a diplomatic solution to the disagreements within the next 30 days and prevent the return of UN Security Council sanctions resolutions.

Iran's foreign minister described the European move as "unjustified, illegal and devoid of legal basis," recalling Iran's "responsibility and goodwill" in remaining committed to a diplomatic solution to nuclear issues.

A. Araghchi assured that Iran will respond to this decision in an “adequate” manner in order to protect its rights and national interests.

The Iranian diplomat stressed Iran's seriousness in defending its interests and legitimate rights under international law and the Nuclear Non-Proliferation Treaty, and expressed hope that the EU-3 would properly "correct this wrong step" in the coming days. –0–

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.

.

At least 18 people killed, 38 injured in missile and drone strikes on Kyiv – city military administration

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

Kyiv, Aug. 28 (Xinhua) — Russia launched a massive missile and drone strike on Kyiv on Thursday night, killing at least 18 people, including four children, and injuring 38 others, the head of the Kyiv City Military Administration Timur Tkachenko said on Telegram.

He added that in total, about a hundred objects in seven of the city’s ten districts were damaged.

According to T. Tkachenko, residential buildings in the Darnitsky and Dniprovsky districts of Kyiv were significantly damaged. In addition, the central Shevchenkivsky district was severely damaged, with several non-residential buildings and office buildings damaged. Significant damage was also caused to a number of locations in the Holosiivsky district.

As reported by the Minister of Internal Affairs of Ukraine Igor Klimenko, aviation of the State Emergency Service was called in to extinguish the fires that broke out in Kyiv.

The Ukrainian Air Force, in turn, stated that on the night of Thursday, the Russian army fired a total of 31 missiles and 598 drones of various types at Ukrainian territory.

According to the Ukrainian side, as of 09:00 Kyiv time, Ukrainian air defense forces were able to shoot down or suppress 589 air targets, including 26 missiles. Russian missiles and drones were recorded hitting 13 locations. –0–

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.

.

UN supports immediate and unconditional ceasefire in Ukraine – UN Secretary General

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

UN, Aug. 28 (Xinhua) — UN Secretary-General Antonio Guterres has reaffirmed the UN's principled position of supporting a full, immediate and unconditional ceasefire as a first step towards a just, comprehensive and sustainable peace in Ukraine in accordance with the UN Charter, international law and UN resolutions, Stephane Dujarric, spokesman for the secretary-general, said on Thursday.

At a daily briefing, S. Dujarric reported that on Thursday, A. Guterres had a telephone conversation with Ukrainian President Volodymyr Zelensky, during which the parties discussed the latest diplomatic efforts aimed at ending the war in Ukraine.

The official representative noted that A. Guterres stressed the importance of maintaining diplomatic momentum.

The UN Secretary-General also reaffirmed the organization’s commitment to providing assistance to meet Ukraine’s humanitarian needs on the ground, as well as supporting the country’s reconstruction efforts, added S. Dujarric. –0–

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.

.

/SCO Summit in Tianjin/ Three main missions assigned to Tianjin SCO summit – Chinese diplomat

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, Aug. 28 (Xinhua) — The upcoming Tianjin summit of the Shanghai Cooperation Organization (SCO) has three major missions, namely, achieving consensus among all parties, stimulating the driving force of cooperation and planning for future development, Ambassador Fan Xianrong, in charge of the Chinese national coordinator of the SCO, told Xinhua.

The largest SCO summit since its establishment will be held from August 31 to September 1 in the northern Chinese city of Tianjin. Chinese President Xi Jinping will preside over the 25th meeting of the SCO Council of Heads of State and the “SCO Plus” meeting, where he will deliver keynote speeches. At the invitation of the Chinese side, more than 20 foreign leaders and 10 officials from international organizations will take part in the summit.

According to Fan Xianrong, China aims to make the Tianjin Summit friendly, united and fruitful. The leaders of the SCO member states will sign and publish a declaration, approve the SCO development strategy for the next 10 years /2026-2035/, make statements on the occasion of the 80th anniversary of the Victory in World War II and the 80th anniversary of the founding of the United Nations, and adopt a number of final documents on strengthening cooperation in the field of security, as well as in the economic and humanitarian spheres.

The SCO was founded in Shanghai on June 15, 2001. It occupies a particularly important position in the overall planning of Chinese diplomacy and is an important priority for China's diplomatic work with neighboring countries.

"Since taking office as the President of the People's Republic of China, Xi Jinping has attended all SCO summits. Based on the strategic vision of the leader of a major power, he personally plans and leads the relevant work, indicating the directions and outlining plans for the development of the organization. He promotes the conceptual innovations of the SCO, keeping pace with the times, outlines the directions of pragmatic cooperation within the SCO with a focus on economic development and improving people's well-being, and guides the SCO to actively participate in improving global governance," Fan Xianrong said.

According to him, in the 24 years since the founding of the SCO, thanks to China's active contribution and the joint efforts of all parties, the organization has creatively put forward the "Shanghai Spirit" characterized by mutual trust, mutual benefit, equality, mutual consultation, respect for cultural diversity, and the pursuit of common development, and put it into practice.

"By comprehensively promoting cooperation in such areas as politics, security, economics and humanitarian affairs, the SCO has made important contributions to maintaining regional security and stability and promoting the development and prosperity of various countries, embarked on a fruitful path of peaceful development, and serves as a model for building a new type of international relations," the Chinese diplomat added.

Fan Xianrong noted that the "Shanghai Spirit", which is the "root" and "soul" of the SCO, is highly consistent with the purposes of the United Nations Charter. It is inextricably linked with the Five Principles of Peaceful Coexistence and fully meets the demands of member states in pursuing stability, development and unity. It has surpassed such outdated concepts as the Cold War mentality and clash of civilizations, and has been widely recognized by the international community.

From the original 6 founding members to the “greater SCO family” that spans three continents – Asia, Europe and Africa and consists of 26 countries, including 10 member states, 2 observer states and 14 dialogue partners, the SCO has become the world’s largest comprehensive regional cooperation organization in terms of geographic coverage and population. Its influence, appeal and attractiveness in the international arena continue to grow.

"The SCO will continue to open its doors and welcome more countries that endorse the 'Shanghai Spirit' to join the 'big SCO family,'" Fan Xianrong said.

China assumed the rotating presidency of the SCO in July 2024 after the Astana Summit. According to Fan Xianrong, under the slogan of “Promoting the Shanghai Spirit: SCO in Action”, China, guided by Xi Jinping’s initiative of building a common home featuring unity and mutual trust, peace and tranquility, prosperity and development, as well as good-neighborliness, friendship and justice, and focusing on the theme of “Year of Sustainable Development”, has contributed to the implementation of more than 100 activities under the presidency, effectively promoting the interconnectivity of infrastructure, the alignment of regulations and standards, and the rapprochement of peoples among the SCO countries.

"China will take more pragmatic measures and adopt a more progressive approach to advance cooperation in the fields of politics, security, trade, economy and people-to-people ties, as well as institutional reform within the SCO, so as to improve the well-being of the peoples of the SCO countries and promote the building of a closer SCO community with a shared future," Fan Xianrong said.

The diplomat noted that the SCO is currently at a key stage in improving the quality and level of its development, facing both opportunities and challenges.

"China will work with all parties to promote the high-quality development of the SCO, making special efforts in five aspects of work, namely improving security mechanisms, jointly creating and seizing development opportunities, continuously strengthening good-neighborliness and friendship, safeguarding international fairness and justice, and maintaining openness and inclusiveness," Fan Xianrong said, adding that the organization, through the "SCO Plus" model, will attract more countries to participate in cooperation in various fields within the SCO framework, so as to bring more stability and positive energy to achieving long-term peace and common prosperity in the world.

"The Tianjin Summit will be held at the global level to meet the expectations of all parties. It will lead the SCO to a new stage of high-quality development, featuring greater solidarity, closer cooperation, more dynamic vitality and higher efficiency," Fan Xianrong said. -0-

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.

.