Financial news: On December 15, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is 12/15/2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 1,200,000,000. Placement term, days 364. Date of depositing funds is 12/16/2025. Date of return of funds is 12/15/2026. Minimum placement interest rate, % per annum is 14.6. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 1,200,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary applications from 12:10 to 12:20. Competitive applications from 12:20 to 12:25. Setting the cutoff interest rate or declaring the auction invalid before 12:40. Additional terms and conditions – Placement of funds with the option of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements set forth in paragraph 2.1. of the Regulation "On the procedure for selecting banks for the placement of funds of the Moscow Small Business Lending Promotion Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment.

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Time is running out: airlines are seeking a new deadline to “legalize” their imported fleet.

Translation. Region: Russian Federation –

Source: KMZ Cargo – KMZ CARGO –

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Airlines are asking for special status for 400 Airbus and Boeing aircraft. The issue isn't leasing, but rather guarantees for the stability of key cargo and passenger routes.

The Air Transport Operators Association (ATO) has appealed to the Ministry of Transport and the Ministry of Finance to extend the validity of government decree No. 412, a key industry regulation that ensures the legal operation of imported aircraft. This was reported by Vedomosti, citing the association's letter dated December 4.

The document, which allows Russian airlines not to return Airbus, Boeing, and Embraer aircraft to foreign lessors and establishes a special payment procedure, was initially valid until the end of 2024, but was later extended until December 31, 2026. The Association of Air Transport Operators (AEVT), without specifying a specific deadline, insists on a further extension, emphasizing that foreign aircraft remain the backbone of passenger transportation in Russia, and a significant portion of them were acquired through leases.

A Ministry of Transport representative confirmed receipt of the request and promised to respond. Aeroflot, Ural Airlines, Smartavia, and Azur Air, as well as the Ministry of Finance, did not comment on the publication's inquiries at the time of publication. Resolution No. 412 serves as the legal basis for managing imported aircraft under sanctions. It not only froze demands for the return of aircraft but also introduced a special payment mechanism through ruble-denominated Type C accounts in Russian banks. Furthermore, the document allows aircraft to be serviced and repaired without the approvals and original spare parts from Western manufacturers that are normally required. Export of such aircraft is permitted only with the approval of the government's Commission for Control over Foreign Investments.

While the decree is in effect, the insurance settlement process continues, transferring ownership of the aircraft from foreign lessors to Russian entities. A key role here is played by NLK-Finance, a leasing company under the Federal Air Transport Agency (Rosaviatsiya), which purchases the aircraft and leases them to domestic air carriers. This frees the airlines from claims under previous leasing agreements and insurance policies. The transaction is partially financed by funds from the National Welfare Fund, issued to NLK at 1.5% per annum for 15 years, with participating airlines also contributing their profits to the purchase.

According to Reuters, approximately 400 aircraft belonging to Western lessors remained in Russia after the imposition of sanctions. By mid-2025, according to Kommersant, settlements had been completed or were in the final stages for 208 aircraft, with the total cost of this process exceeding 460 billion rubles. Aeroflot Group, for example, plans to complete transactions for 36 aircraft by the end of 2025, totaling $1.1 billion.

Experts consider the issue of extending the decree strategic for the industry. A source at one airline told Vedomosti that such a decision is inevitable. S7 Airlines, however, sees no reason for disruptions to its flight schedule even if the document is not extended, citing its own experience in resolving the legal status of its fleet. Oleg Panteleev, Executive Director of the Aviaport agency, believes extending the mechanism for another three years is justified, but considers an indefinite extension inappropriate. He believes that a civilized legal framework for the current situation is necessary, especially in light of Rostec's statements that foreign aircraft manufacturers are unlikely to return to the Russian market and that the future of domestic air travel lies with a fleet of Russian aircraft.

As a reminder, Russian cargo airlines are predicting the risk of a complete grounding of their aircraft and forced withdrawal from the market within the next three to five years. Market participants voiced this assessment at a roundtable discussion at the Civic Chamber of the Russian Federation, highlighting a range of critical issues: a rapidly shrinking and aging fleet, a severe shortage of spare parts and personnel, lengthy repair queues, and unequal competition with foreign carriers. LR

Read more:http://logirus.ru/nevs/transport/time_running out_airlines_are seeking_a new_deadline_for_legalization_of_import_fleet.html

Publication date: 12/15/2025

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The government approved the budget forecast for the period up to 2042.

Translation. Region: Russian Federation –

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

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Document

Order No. 3702-r of December 11, 2025

Prime Minister Mikhail Mishustin signed an order approving the long-term budget forecast—until 2042—and extending it for another six-year period.

In preparing the document, the objectives of achieving the national development goals approved by the President, the need to fulfill social obligations to citizens, and the implementation of national projects and state programs were taken into account.

The budget forecast was prepared based on two long-term socio-economic development forecast options prepared by the Ministry of Economic Development: the baseline and the conservative ones.

The baseline budget forecast scenario assumes steady growth of federal budget revenues in real terms, averaging 2.1% per year, beginning in 2026. Federal budget expenditures are expected to more than double their 2019 levels in real terms by 2042.

The long-term budget forecast contains the characteristics and forecast of federal budget indicators and reflects the dynamics of its key parameters until 2042, including the funding parameters for national projects and state programs beyond the planning period.

Budget forecast parameters are taken into account when forming the budget for the next financial year and planning period, as well as in long-term planning. The budget forecast is developed every six years for 12 or more years based on a long-term forecast for Russia's socioeconomic development.

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Financial news: Whoosh's listing on the Moscow Exchange marks three years.

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Source: Moscow Exchange – Moscow Exchange –

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December 14, 2025 marks three years since the start of trading in shares of PJSC VUSH Holding on the Moscow Exchange (WUSH), a leading kick-sharing operator in Russia and a developer of technological solutions for micromobility.

The company's market capitalization currently stands at 10.3 billion rubles. Its free float is approximately 38%.

Whoosh's shareholder base has grown more than sevenfold since its initial public offering, currently numbering over 220,000 private and institutional investors. The number of registered users has nearly tripled over this period, reaching 32.7 million.

The securities are included in the second quotation list of the Moscow Exchange and are included in the settlement bases Moscow Exchange Broad Market Index, Moscow Exchange Innovation Index, Moscow Exchange Mid- and Small-Cap Index and others.

Whoosh shares are in List of securities of the high-tech (innovative) sector of the economy, which allows private investors who have continuously owned securities for at least one year to take advantage of an exemption from paying personal income tax on income from the sale of shares, subject to certain conditions.

In addition, the papers are included in Innovation and Investment Market Moscow Exchange (RII Sector) is an exchange sector for high-tech companies with significant growth potential.

The company's shares are available during the main, evening, and morning trading sessions of the Moscow Exchange stock market, as well as during an additional weekend session.

In September 2025, Whoosh was shortlisted for the Moscow Exchange's "Market Chooses" IR award in the "Best IR Communications of a Company with a Market Capitalization of Up to 40 Billion Rubles" category.

Congratulations to the company on its third anniversary of listing on the Moscow Exchange!

Whoosh Holding PJSC is a technology company that develops and implements micromobility rental solutions and operates an electric scooter and e-bike rental service. Whoosh services are available in six countries: Russia, Belarus, Kazakhstan, Brazil, Chile, and Colombia. As of September 30, 2025, the Whoosh fleet consisted of 245,300 personal mobility vehicles.

Moscow Exchange is Russia's largest exchange and the only multifunctional platform for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The Moscow Exchange Group includes a central depository and a clearing center that acts as a central counterparty in the markets, enabling Moscow Exchange to provide its clients with a full range of trading and post-trading services.

Contact information for media: 7 (495) 363-3232PR@moex.com

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Financial news: 12/15/2025 The Investment Agency will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

The deposit auction date is 15.12.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 30,000,000. Placement term, days 113. Date of depositing funds is 15.12.2025. Date of return of funds is 07.04.2026. Minimum placement interest rate, % per annum is 15. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 30,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The Agreement is based on the General Agreement. Schedule (Moscow time). Pre-bids are accepted from 12:15 to 12:30. Competitive bids are accepted from 12:30 to 12:40. The cutoff interest rate may be set or the auction may be declared void by 1:10 PM. Additional terms include: Deposits are deposited without the option of early withdrawal, and interest is paid monthly.

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Dmitry Grigorenko opened the final stage of the international championship "Battle of Robots".

Translation. Region: Russian Federation –

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

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The final stage of the international "Robot Battle" championship took place in Moscow. Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko attended the opening ceremony. Thirty-two teams from Russia, India, China, Tunisia, Brazil, and Iran advanced to the finals. "Robot Battle" has been held annually since 2023 with the support of the Russian government.

The goal of the "Battle of Robots" championship is to popularize engineering professions in Russia, support modern digital technologies, and train future specialists in this field and develop their practical skills.

"The Robot Battle is a unique platform where engineers and programmers can showcase not only their skills but also their creativity. Here, they have the opportunity to put their theoretical knowledge into practice and bring their innovative ideas to life. Such events help develop engaged professionals and give them the opportunity to realize their talents at such a young age. The government actively supports young people's interest in robotics and digital technologies, because it is their hands that will shape the future digital economy and Russian technologies," said Dmitry Grigorenko.

The Deputy Prime Minister also noted that the "Battle of Robots" is growing in scale each year, and its geographic reach is expanding, reflecting growing interest in robotics among young people. More than 450 people participated in the third season of the championship: 112 teams from eight countries (Russia, Belarus, India, Iran, Kazakhstan, Tunisia, China, and Brazil). This is almost double the number of participants in the first season in 2023 (267).

The event attracts not only the participants who create robots for the competition but also spectators. Over the past three years, live broadcasts of the "Robot Battle" have been watched by over 62 million people, and over 56,000 people have attended the championship stages in person (excluding the results of the final stage of the 2025 season).

The "Robot Battle" is open to schoolchildren and students, as well as private hobbyists and company representatives. The competition is held in two categories: "Robot Battle" (up to 110 kg) – for participants of all ages; and "Mini-Robot Battle" (up to 1.5 kg) – for participants aged 10–17.

A key feature of the championship is its active engagement with IT companies. The most promising participants of the "Battle of the Robots" are sent to robotics internships: in 2025, 10 internship agreements have already been signed with leading Russian IT companies. Thus, the championship serves as a bridge between young professionals and the industry: participants not only have the opportunity to demonstrate their engineering skills but also the chance to transition to real-world professional practice and meet future employers. Thirty participants have already passed the preliminary selection and are ready for internships, and two more have received offers and have begun their internships.

The final stage of the 2025 Robot Battle Championship was held under the coordination of the Russian Ministry of Digital Development, Communications and Mass Media and with the support of the Moscow government.

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Tatyana Golikova visited the Kaliningrad region on a working trip.

Translation. Region: Russian Federation –

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

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In Kaliningrad, Deputy Prime Minister Tatyana Golikova chaired a meeting of the Government Commission on the Socioeconomic Development of the Kaliningrad Region, visited the new outpatient clinic of City Hospital No. 2, participated in the VDvizhenie youth award ceremony, and the opening of the new regional TASS center.

Opening the meeting of the Government Commission on the Socioeconomic Development of the Kaliningrad Region, Tatyana Golikova noted the gradual recovery of economic growth in the country's westernmost region and the contribution of SEZ residents to its development.

"A special economic zone operates throughout the Kaliningrad region. Currently, there are over 300 residents in the SEZ. They have invested over 320 billion rubles in a wide range of industries: from manufacturing, agriculture, and auto assembly to fisheries, information technology, and tourism, and have created over 31,000 new jobs," the Deputy Prime Minister noted.

Tatyana Golikova recalled that the Kaliningrad Region retains its status as a geostrategic territory in Russia's new Spatial Development Strategy, which entails prioritizing support for the region through federal initiatives. One of the key instruments of this support is the state program "Socioeconomic Development of the Kaliningrad Region." By presidential decision, an additional 5.7 billion rubles will be allocated from the federal budget for the program's activities beginning in 2026.

Tatyana Golikova paid special attention to healthcare issues.

"We are increasing our support for healthcare. This is a priority for the region's development, given its location," stated Tatyana Golikova. According to her, 37.8 billion rubles were allocated to healthcare in the Kaliningrad Region in 2025, a 15.6% increase from 2024. The cost of the regional state guarantees program for the basic compulsory medical insurance program in the region increased by 18.1% compared to last year.

"The opening of modern medical facilities is undoubtedly contributing to the development of the region's healthcare system. The oncology center, which opened last year, has noticeably gained momentum. Specialized patients are receiving the necessary medical care," said Tatyana Golikova. "Today, we visited the new outpatient clinic of City Hospital No. 2 in Kaliningrad, which will reopen next month after a major renovation. This will improve the accessibility and quality of medical care for more than 32,000 residents. I hope the regional leadership will ensure all the necessary conditions for this."

Reporting on the current situation in the region, Governor Alexey Besprozvannykh confirmed the growth of key economic indicators.

"Based on the ten-month results of this year, key sectors of the Kaliningrad Region's economy are showing growth, including industrial production, which is up 8.5%. This suggests a recovery from the 2022–2023 downturn. Despite challenging weather conditions, agricultural production remained at last year's level. By the end of the year, we expect gross regional product growth of at least 2.4%. And next year, taking into account the impact of major industrial projects, we forecast GRP growth in comparable prices of 6%," said Alexey Besprozvannykh.

Economic growth, he said, allows for strengthening budget revenues while fully fulfilling social obligations. In 2025, social security spending will increase by almost a third (31.6%), and infrastructure investment by 17.8%.

According to Alexey Besprozvannykh, presidential national projects are an important tool for regional development.

"We are grateful to the Government of the Russian Federation for its ongoing attention to the region and its support – federal funding for national projects implemented in the region in 2025 totaled 16.3 billion rubles. An additional 14 billion rubles were financed from the federal budget for the state program 'Socio-Economic Development of the Kaliningrad Region,'" the regional governor said.

Members of the government commission discussed the implementation of the state program for the socio-economic development of the Kaliningrad region, major investment projects, and proposals to improve the competitiveness of the Kaliningrad SEZ.

As part of her working visit, Tatyana Golikova also took part in the ceremonial opening of the TASS Kaliningrad regional information center.

"This is a special western territory for Russia, located between two NATO countries and simultaneously demonstrating, despite any external sanctions, both Russia's development and the development of the Kaliningrad region. And of course, here and in these conditions, objective, up-to-date information is especially important, which we have always traditionally received from TASS. This is not just a news agency; it is an agency that defends the country's sovereignty," said Tatyana Golikova. She added that TASS is the most cited agency abroad, and its achievements were recognized last year with the Order "For Valiant Labor." The TASS Kaliningrad Regional Information Center, along with centers in St. Petersburg, Yekaterinburg, Novosibirsk, Pyatigorsk, Vladivostok, and Rostov-on-Don, became the agency's seventh representative office in Russia.

At the end of the day, Tatyana Golikova and Alexey Besprozvannykh took part in the awards ceremony for the annual youth public recognition award "VDvizhenie."

"The VDvizhenii Prize reflects an important trend: young people are increasingly participating in the country's social, cultural, and volunteer life. Today, it's especially important to create conditions in which young people can demonstrate leadership, implement socially significant initiatives, and feel a sense of belonging in Russia's development. The Kaliningrad Region exemplifies how young people can be a true driving force for change: your energy, creativity, and drive for development inspire not only your peers but also the entire community. You prove that even in unique geographical and historical conditions, it's possible to create projects that change lives for the better and become a model for the entire country," the Deputy Prime Minister emphasized.

The award winners – researchers, creators, volunteers, leaders, and mentors – were selected in 11 nominations (Grant Project of the Year, Achievement of the Year, First of the Year, Leader of the Year, Mentor of the Year, Young Patriot of the Year, Event of the Year, Project of the Year, Organization of the Year, Good of the Year, and Youth Space of the Year).

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China congratulates José Antonio Casta on his victory in the Chilean presidential election – Chinese Foreign Ministry

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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

BEIJING, Dec. 15 (Xinhua) — China congratulates José Antonio Casta on his election as the new president of Chile, Chinese Foreign Ministry spokesman Guo Jiakun said on Monday.

According to media reports citing information from the Chilean electoral service on December 14, J. A. Cast won the second round of the presidential elections in Chile and became the country's new president.

Noting that Chile is the first South American country to establish diplomatic relations with the People's Republic of China, Guo Jiakun said at a regular departmental press conference that over the past 55 years since the establishment of diplomatic relations between China and Chile, bilateral ties have continuously developed in a positive direction, yielding fruitful results in various areas of cooperation.

Guo Jiakun noted that China is willing to work with the new Chilean government to further strengthen mutually beneficial and friendly cooperation in all areas and advance the development of the comprehensive strategic partnership between the two sides to a new level, so as to bring even greater benefits to the peoples of the two countries. -0-

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The Chinese side called on the United States to reconsider its strategic perception of China.

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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

BEIJING, Dec. 15 (Xinhua) — Chinese Defense Ministry spokesperson Jiang Bin on Monday called on the United States to reconsider its strategic perception of China, stop sending wrong signals to separatist forces seeking "Taiwan independence," and refrain from escalating tensions in the Taiwan Strait.

Jiang Bin made the statement in response to a question from reporters about the updated version of the US National Security Strategy document, which states that the US does not support any unilateral actions aimed at changing the status quo in the Taiwan Strait.

The recently passed US National Defense Authorization Act by the US House of Representatives also attempts to intervene in Taiwan-related issues, as do the statements made earlier by the US Secretary of Defense.

"There is only one China in the world, and Taiwan is part of China. This is an indisputable historical and legal fact, as well as the unchangeable status quo in the Taiwan Strait," said Jiang Bin.

He noted that the resolution of the Taiwan issue is an internal matter for China that does not allow any outside interference, and that any attempt to use Taiwan to contain China is doomed to failure. -0-

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The CPC Central Committee's Office for Hong Kong and Macao Affairs expressed firm support for the court ruling against Li Zhiying (detailed version 1).

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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

BEIJING, Dec. 15 (Xinhua) — The Hong Kong and Macao Affairs Office of the Communist Party of China (CPC) Central Committee expressed firm support on Monday for the Hong Kong Special Administrative Region (HKSAR) authorities' legal ruling on the case of Li Zhiying.

The High Court of South Africa on Monday found Lee Zhiying, the instigator of the anti-China unrest in Hong Kong, guilty of two counts of conspiring to collaborate with external forces and one count of conspiring to publish inflammatory material.

Li Zhiying was the main instigator and participant in a series of anti-China protests in Hong Kong and was behind an attempt to stage a "color revolution" there, according to a comment posted by the office on its social media account after the court ruling.

It notes that over a long period of time, Li Zhiying, under the protection of foreign countries and external forces, has committed all sorts of evil deeds at every opportunity, which have seriously undermined the principles underlying the “one country, two systems” policy, posed a serious threat to national security, caused serious harm to the prosperity and stability of Hong Kong, and caused significant damage to the interests and well-being of local residents.

During the trial, a large body of evidence was presented that clearly demonstrated that Li Zhiying engaged in activities detrimental to national security, played a key role in the unrest that engulfed Hong Kong, and acted as a pawn of external forces, the office said.

The Office emphasized that protecting national sovereignty, security, and development interests is the highest principle of the "one country, two systems" policy, adding that the SARS bears constitutional responsibility for ensuring national security.

In today's Hong Kong, the legal system and law enforcement mechanisms for ensuring national security are becoming increasingly sophisticated, the office stated, emphasizing that the time when external forces and anti-China destabilizing elements could act with impunity is gone forever.

They warned that any person or organization that dares to challenge laws guaranteeing national security or engage in activities that pose a threat to national security will inevitably be punished to the fullest extent of the law.

The office also made it clear that pressure from external forces and interference in national security cases, or even threats of sanctions against government officials and judicial personnel of the HKSAR, will not shake the HKSAR's firm resolve to safeguard national security. -0-

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