Financial News: Cooling in the Microfinance Market: 2025 Results.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In 2025, the volume of loans issued by microfinance organizations (MFOs) stabilized at approximately 0.5 trillion rubles per quarter (2 trillion rubles annually) after a strong increase the previous year. Microloan portfolio growth slowed significantly from 10% at the beginning of the year to 0.7% by the end.

The cooling occurred amid a consistent strengthening of measures aimed at limiting consumer debt. Microfinance organizations (MFIs) are prohibited from using unverified information about borrowers' income—this requirement was introduced to ensure that the true debt burden is not understated.

Macroprudential limits were established for auto loans to prevent overindebted borrowers from migrating into this segment. The regulation helped prevent this trend: the share of auto loans to overindebted borrowers fell to 14% from a peak of 88%.

In response to upcoming restrictions on the number of high-interest loans in operation at the same time, microfinance organizations (MFIs) continue to actively develop products with credit limits, seeking to attract and retain high-quality borrowers. Over the past year, the share of such loans has grown by 14 percentage points, reaching 38% of consumer lending.

In 2025, state-owned mortgage microcredit companies, created to implement preferential mortgage programs, began operating in six Russian regions. Over the course of the year, these companies issued 2.7 billion rubles in mortgage loans to citizens. Agreements were signed for an average of 20 years, and the average loan amount was 6.8 million rubles.

Read more in"Trends in the Microfinance Market for 2025".

Preview photo: Nadiia Korol / Shutterstock / Fotodom

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.

Financial news: Credit to the economy grew moderately in February.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In a month credit to the economy increased by 0.4% after a seasonal contraction of 0.5% in January.

Annual growth accelerated from 9.4% to 9.6%. This was driven by a resumption of growth in corporate lending, primarily driven by ruble loans to non-financial organizations. However, consumer lending halted in February.

The postponement of tax payments from the end of February to March, coupled with the growth of corporate lending, led to a significant acceleration in the annual growth of the money supply – from 11.0% in January to 12.4% in February.

Preview photo: Evgeny Messman / TASS

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.

The T-Bank app now features a "Car Wash" service.

Translation. Region: Russian Federation –

Source: T-Bank –

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We've launched a service that makes it easy to pay for self-service car washes online. There's no need to download separate apps, enter your card number, find cash, or buy special tokens from a station attendant if other payment methods aren't working. Everything can be done in a couple of clicks directly in the T-Bank app.

The Car Wash service is available in the T-Bank app starting with version 6.13.5 on Android and iOS. If you don't see the service, update to the latest version. using the instructions.

How to use the Car Wash service

Open the T-Bank app → "City" section → "Car washes." You can also access the service through the search or "Auto" section.

Allow geolocation access, and a map will appear showing all car washes connected to the service. Car washes aren't available in all cities yet, so check the nearest stations in the app beforehand.

Select a suitable car wash, or if you're already there, we'll show you automatically. Then, on each screen, you only need to complete one action: select the bay, the amount you plan to wash your car for, and pay for the order from your T-Bank account.

Select a car wash on the map. Park your car in a free bay and enter its number. Enter the amount you want to wash your car for. Each car wash has its own minimum payment, which is displayed in the service.

You pay for the car wash's operating time: the higher the amount, the longer you can use it. Important: park your car in the bay before paying. Once the payment is received, the car wash will begin immediately. If you book extra time and finish early, you won't be able to get a refund.

Wash your car as usual: use the spray gun with water, foam, wax, and other settings. If the amount you paid isn't enough, click the "Extend Wash" button in the service center and pay extra. Then simply drive out of the garage.

There's no need to go to the cashier or use a terminal at the station. The receipt will be sent to the email address you specified in your T-Bank app profile.

Why use car washes in the city.

Pay online. No need to worry about cash, buying tokens, or using a terminal. No need to enter your card number either: we'll debit the order cost from your T-Bank account.

Get up to 10% cashback on every order. You can earn up to 3,000 rubles in points or miles, depending on your T-Bank card. Cashback will arrive on your statement date.

24/7 support. We'll answer your questions and help you at any time—even at night. For example, if there's a problem and your car wash won't start, contact T-Bank's support chat in the app or your personal account at tbank.ru—we'll do our best to resolve the issue quickly.

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.

UN report: Earth's climate has entered a phase of unprecedented instability

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Source: United Nations – United Nations –

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March 23, 2026 Climate and environment

The global climate has entered a phase of unprecedented instability: greenhouse gas concentrations have reached record levels, oceans continue to warm rapidly, and ice sheets are shrinking at a rapid pace. This is according to a new report from the World Meteorological Organization (WMO), published in time for World Meteorological Day, celebrated on March 23.

According to the report, 2015–2025 were the 11 hottest years on record, and 2025 is likely to end up being the second or third hottest year. Last year's temperature was approximately 1.43 degrees Celsius above the pre-industrial level of 1850–1900.

"Every key climate indicator is flashing red," the UN Secretary-General said. Antonio Guterres“When history repeats itself eleven times in a row, it is no longer a coincidence – it is a call to action.”

Warming of the World Ocean and Loss of Glaciers

The world's oceans, which absorb over 91 percent of excess heat, have reached a new record warming level. Over the past two decades, they have annually accumulated energy equivalent to eighteen times the annual energy consumption of humanity. Nearly 90 percent of the ocean surface will experience at least one marine heatwave by 2025.

Ice cover continues to decline rapidly: Arctic sea ice extent reached minimum or near-minimum levels in 2025, and Antarctica recorded the third-lowest extent in satellite records. Massive glacier loss has been recorded in Iceland and along the Pacific coast of North America.

Global sea levels continue to rise, and are already 11 centimeters higher than in 1993, when satellite measurements began. These processes, experts emphasize, will continue for centuries, and changes in deep ocean temperature and acidity will be irreversible for millennia.

Energy imbalance

For the first time, the WMO included in its report an indicator of the Earth's energy imbalance—the difference between incoming solar energy and outgoing thermal radiation. This imbalance has reached its highest level in the 65-year observation period.

“Human activity is increasingly disrupting the natural balance, and we will have to live with the consequences of this phenomenon for hundreds and thousands of years,” emphasized WMO Secretary-General Celeste Saulo.

"Delay can cost lives"

Extreme weather in 2025—from droughts and storms to floods and wildfires—has led to thousands of deaths, millions of people affected, and billions in economic losses. The report also documents rising climate-related food insecurity, increased migration, and worsening public health, including the spread of dengue fever and increased heat stress.

"In this era of war, climate disruption reveals another truth: our dependence on fossil fuels undermines both the climate and global security. Today's report should come with a warning: climate chaos is accelerating, and delay could cost lives," António Guterres emphasized.

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.

Middle East: Escalating conflict increases humanitarian needs and pressure on global economy

Translation. Region: Russian Federation –

Source: United Nations – United Nations –

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March 23, 2026 Peace and security

The war in the Middle East has entered its fourth week. The humanitarian crisis in the region remains the focus of the international community. At the same time, the energy crisis is intensifying amid attacks on shipping and oil and gas infrastructure in the Persian Gulf.

In recent days, there have been reports of new strikes on Iranian territory by Israel and the United States, as well as Iranian attacks on southern Israeli cities. Meanwhile, US President Donald Trump announced that he was postponing strikes on Iranian energy facilities following "productive" negotiations aimed at ending the war.

Nuclear safety is under threat

The International Atomic Energy Agency (IAEA) announced on Monday that Director General Rafael Grossi held a telephone conversation with the leadership of Rosatom, whose technology is used at the Bushehr Nuclear Power Plant in southern Iran. Grossi received an update from the head of the Russian state corporation.

According to the IAEA, as a result strike on March 18 A facility approximately 350 meters from the Bushehr Nuclear Power Plant was destroyed, but the reactor itself was not damaged.

The agency's head recalled that, in accordance with the fundamental principles of nuclear safety, any military action must not jeopardize the integrity of nuclear facilities or the safety of their employees.

Aid to Lebanon amid destruction

Meanwhile, the United Nations Children's Fund (UNICEF) reported that a humanitarian convoy carrying vital supplies, including hygiene products, drinking water, first aid kits, water purification tablets and chlorine, is heading to southern Lebanon today.

UNICEF representative Christophe Boulerac noted that the destroyed bridges could complicate the delivery of aid, but the operation will continue.

At the same time, the agency is in dire need of funding: only 14 percent of the requested amount of $48 million has been received.

Global supply chains under pressure

The escalation of the conflict is seriously disrupting global supply chains and leading to rising prices for basic goods, warned Jorge Moreira da Silva, head of the UN Office for Project Services (UNOPS).

According to him, the consequences of the conflict are already being felt far beyond the region: rising oil, fuel, and gas prices are putting pressure on the global economy. The closure of airspace, sea routes, and key crossings is hindering the delivery of vital goods, including medicine.

Of particular concern are attacks on merchant ships in the Strait of Hormuz– one of the key routes for global energy trade. This could lead to further price increases and supply delays.

Developing countries, particularly in Africa and Asia, could be hit hardest, with disruptions in energy and fertilizer markets threatening their food security.

"There is no military solution to the problem," Moreira da Silva stressed, calling for increased diplomatic efforts.

Cultural heritage under threat

Since the fighting began on February 28, cultural heritage sites in Iran, Israel and Lebanon have been damaged, UNESCO reports.

In Iran, the Golestan Palace, the Chehel Sotoun Palace, and the Masjed-e Jameh Mosque were damaged, as were buildings near the prehistoric monuments of the Khorramabad Valley.

In Israel, damage was recorded in the White City of Tel Aviv, and in Lebanon, in the ancient city of Tyre.

UNESCO warns that other sites in the region are also under threat, including countries in the South Caucasus, the Middle East and the Persian Gulf.

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.

Iran does not maintain direct or indirect contacts with D. Trump, according to Iranian media.

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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

Tehran, March 23 (Xinhua) – Iran does not maintain direct or indirect contact with US President Donald Trump, the semi-official Iranian news agency Fars reported on Monday.

As the news agency noted, citing an Iranian source, D. Trump abandoned his threat to attack Iranian power plants after learning of Iran's intention to launch retaliatory strikes against all power generation facilities in Western Asia.

Iran's semi-official Tasnim news agency, citing a senior security official, reported that Donald Trump abandoned plans to attack Iran's critical infrastructure due to the credibility of the Islamic Republic's military threats.

There are no negotiations underway between Iran and D. Trump, the official said, adding that another important factor in the step back was the increase in “pressure on financial markets and threats to bonds” in the United States and the West. –0–

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.

D. Trump announced the US intention to reach an agreement with Iran

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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

Washington, March 23 (Xinhua) — US President Donald Trump said Monday that the United States is "very eager to make a deal with Iran," the American television network CNBC reported.

Speaking to the television channel, D. Trump noted the intensive nature of the past discussions with the Iranian authorities and expressed confidence in the possibility of achieving a positive outcome.

On Monday, the US leader also told Fox Business Network that Iran itself is very keen to reach a deal that could be reached within the next five days or even sooner.

Earlier in the day, Trump said the US and Iran had held "very good and productive" talks over the past two days and announced the postponement of planned US strikes on the Islamic Republic's energy infrastructure.

Iran, in turn, denied the existence of such negotiations, calling Trump's actions and words an attempt to lower energy prices and "buy time" to implement its military plans. –0–

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.

The Russian economy must be returned to a trajectory of sustainable growth, says the Russian 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, March 23 (Xinhua) – The Russian economy must be returned to a trajectory of sustainable growth, Russian President Vladimir Putin said Monday at a meeting on economic issues.

"We need to return to a trajectory of sustainable economic growth, while, of course, slowing inflation and maintaining stability in the labor market," the Russian president's words are quoted on the Kremlin website.

Vladimir Putin noted the low, negative dynamics of key macroeconomic indicators. "In January of this year, Russia's gross domestic product was 2.1 percent lower than a year ago. Industrial production declined by 0.8 percent. However, mineral extraction increased by 0.5 percent, even before the rise in global energy prices," he cited statistics.

The Russian leader also noted that unemployment remained low in January—2.2 percent, consumer spending increased, and inflation remained below 6 percent year-on-year. "This is definitely a positive," he emphasized.

Vladimir Putin emphasized that a key condition for economic growth is a balanced macroeconomic framework, as well as the constant monitoring and management of key parameters such as money supply growth, lending dynamics, and the state of the budget system, which is crucial to ensuring long-term sustainability. Furthermore, the Russian leader believes it is essential to improve the employment structure and attract personnel to high-tech industries, which generate significant added value.

According to the head of state, Russian oil and gas companies should use the additional revenue from rising global hydrocarbon prices to reduce their debt burden and pay off their debts to Russian banks. "That would be a mature decision," he noted.

V. Putin also called on the Russian government to make a balanced decision regarding the current revenues in the oil and gas sector, which should guarantee the long-term balance of the country's budget.

As the Russian President emphasized, for effective macroeconomic policy, it is essential to consider all significant factors and respond proactively to external risks, which are currently acutely evident in global markets and the system of international economic relations. "I am referring to the general tensions in the world and the associated fluctuations in energy markets, and the same is happening with many other commodities," Vladimir Putin explained.

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.

Trump postpones strikes on Iran's power plants and energy infrastructure for five days

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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

WASHINGTON, March 23 (Xinhua) — US President Donald Trump said on Monday he had ordered the US military to postpone strikes on Iranian power plants and energy infrastructure for five days following "productive" talks with Iran.

In a message published on the social network Truth Social, D. Trump indicated that over the past two days the parties had “very good and productive conversations” aimed at resolving the conflict in the Middle East.

Given the "deep, detailed, constructive" nature of the talks, the US president instructed the Pentagon to postpone any strikes on Iran's energy infrastructure for five days pending further discussions. –0–

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.

The RBC Architectural Foresight Grand Prix goes to a team led by a graduate of St. Petersburg State University of Architecture and Civil Engineering (SPbGASU).

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

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On March 22, a team of young architects, designers, builders, and urbanists, led by Alexandra Polyanskaya, a graduate of the Saint Petersburg State University of Architecture and Civil Engineering (SPbGASU), won the Grand Prix for their "Lighthouses of the Water Area" project in the final of the eleventh RBC Petersburg architectural and urban planning foresight competition.

In 2025, over 100 senior students participated in the project. They worked in interdisciplinary teams, led by experienced curators, developing innovative projects on the theme "St. Petersburg in the 2030s: Creating a Project for the Future. Trends, Challenges, and Opportunities in St. Petersburg Architecture and Urbanism."

The winning team presented their project, "Lighthouses of the Water Area," proposing the creation of a system of "lighthouses"—water-based functional centers for St. Petersburg that would unite transportation, public spaces, and architectural landmarks. The project proposes transforming water into the main connecting point between the city's districts. It centers on seven key points along the Neva Bay, connected by year-round express routes. The transportation model is adapted to the reality of St. Petersburg: high-speed boats and water buses in the summer, and hovercraft in the winter.

The project's authors have chosen the industrial zone of the Krasnoselsky District near the Baltiets Yacht Club as a pilot site. Instead of demolishing the old workshops, they propose renovating them. "The outdated industrial buildings will receive modern 'water' façades, inspired by waves and cliffs, and will become part of the new urban environment. A new-style water terminal will be built here, with amphitheaters overlooking the water, recreation areas and cafes, a technology park, a sports and business center with a sailing school that will be a logical extension of the existing yacht club, a public embankment with beaches and pools with purified water, as well as a hotel and a park with interactive water areas," the project description states.

According to the authors, the project proposes viewing the water area not as a boundary between districts, but as the main thoroughfare of the future, capable of relieving traffic congestion and creating new points of attraction in the city.

The winning team consists of:

Captain – Alexandra Polyanskaya, graduate of SPbGASU (architectural environmental design); Danil Bychkov, Saint Petersburg State University of Aerospace Instrumentation, student; Polina Sutyrina, SPbGASU, student (architectural environmental design); Ekaterina Gordeychik, Baikal State University, student; Dmitry Shipitsyn, HSE University, student; Daria Vasina, SPbGASU, student (construction); Veronika Korzh, Saint Petersburg State Stieglitz Academy of Art and Design, student; Emilia Gubarevich, Saint Petersburg State University of Industrial Technologies and Design, student.

The team's curator was Vladimir Linov, Honored Architect of Russia and graduate of the Leningrad Civil Engineering Institute (now St. Petersburg State University of Architecture and Civil Engineering).

Congratulations to the winners and we are proud of our students and graduates!

The "Lighthouses of the Water Area" project is a new system of functional centers in St. Petersburg.

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.