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Category: Banking

  • MIL-OSI USA: Disaster Recovery Center in Calloway County To Close Permanently; Help is Still Available

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Calloway County To Close Permanently; Help is Still Available

    Disaster Recovery Center in Calloway County To Close Permanently; Help is Still Available

    FRANKFORT, Ky

    –The Disaster Recovery Center in Calloway County is scheduled to close permanently June 30 at 7 p

    m

    Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides can still apply for FEMA assistance

    The Disaster Recovery Center in Calloway County is located at:  Calloway County Courthouse Annex, 201 S

    4th St

    , Murray, KY 42071 Working hours for this center are 9 a

    m

    to 7 p

    m

    Central Time, June 28 and 30

    Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

    The U

    S

    Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is July 25

    Although the Calloway County DRC is closing, you can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Mon, 06/30/2025 – 13:41

    MIL OSI USA News –

    July 1, 2025
  • MIL-OSI USA: Disaster Recovery Centers in Russell, Trigg Counties to Close Permanently; Help is Still Available

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers in Russell, Trigg Counties to Close Permanently; Help is Still Available

    Disaster Recovery Centers in Russell, Trigg Counties to Close Permanently; Help is Still Available

    FRANKFORT, Ky

    –The Disaster Recovery Centers in Russell and Trigg counties are scheduled to close permanently this weekend

    However, Kentucky survivors who experienced loss as the result of the tornadoes of May 16-17 can still apply for FEMA assistance

     The Disaster Recovery Center in Russell County will close permanently Friday, June 27, at 7 p

    m

    The center in Trigg County will close permanently Saturday, June 28

    Both centers will be open during their regular working hours, 9 a

    m

    To 7 p

    m

    , until their final closure

      The Disaster Recovery Center in Russell County is located at:Russell County Courthouse410 Monument SquareJamestown, KY 42629 The Disaster Recover in Trigg County is located at:Trigg Emergency Operation Center39 Jefferson St

    Cadiz, KY 42211Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

    The U

    S

    Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

    FEMA is encouraging Kentuckians affected by the May tornadoes to apply for federal disaster assistance as soon as possible

    The deadline to apply is July 23

    Although the Russell and Trigg County DRCs are closing, you can visit any open Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky tornado recovery, visit www

    fema

    gov/disaster/4875

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Mon, 06/30/2025 – 13:22

    MIL OSI USA News –

    July 1, 2025
  • MIL-OSI USA: Disaster Recovery Centers in Laurel, Pulaski Counties Update Operational Schedule to Mondays-Saturdays

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers in Laurel, Pulaski Counties Update Operational Schedule to Mondays-Saturdays

    Disaster Recovery Centers in Laurel, Pulaski Counties Update Operational Schedule to Mondays-Saturdays

    FRANKFORT, Ky

    –The Disaster Recovery Centers in Laurel and Pulaski counties are scheduled to close Sundays beginning June 29 and resume operations Mondays

    New working hours are Monday through Saturday, 9 a

    m

    to 7 p

    m

    ET and closed Sundays

    Their locations are as follow:Laurel County Somerset Community CollegeLaurel Campus Building #2- Room 206100 University Dr

    London, KY 40741 Pulaski CountyPulaski Center for Rural DevelopmentBallroom D & E2292 US-27 NSomerset, KY 42501 Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

    The U

    S

    Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

    FEMA is encouraging Kentuckians affected by the May tornadoes to apply for federal disaster assistance as soon as possible

    The deadline to apply is July 23

    Although the Laurel and Pulaski County DRCs are closing, you can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky tornado recovery, visit www

    fema

    gov/disaster/4875

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Mon, 06/30/2025 – 13:29

    MIL OSI USA News –

    July 1, 2025
  • MIL-OSI Russia: IMF Executive Board Completes the Eighth Review of the Extended Arrangement under the Extended Fund Facility for Ukraine

    Source: IMF – News in Russian

    June 30, 2025

    • The IMF Board today completed the Eighth Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$0.5 billion (SDR 0.37 billion) to Ukraine, which will be channeled for budget support.
    • Ukraine’s economy remains resilient, and the authorities met all end-March and continuous quantitative performance criteria, the prior action, and two structural benchmarks for the review.
    • Despite the challenges, progressing with domestic revenue mobilization, strengthening the investment climate, improving governance, and completing the debt restructuring strategy are necessary to restore fiscal and debt sustainability and support growth. The full and timely disbursement of external support during the program period remains indispensable for macroeconomic stability

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the Eighth Review of the EFF, enabling the authorities to draw US$0.5 billion (SDR 0.37 billion, which will be channeled for budget support. This will bring the total disbursements under the IMF-supported program to US$10.6 billion.

    Ukraine’s 48-month EFF, with access of SDR 11.6 billion (equivalent to about US$15.5 billion, or 577 percent of quota), was approved on March 31, 2023, and forms part of an international support package totaling US$152.9 billion in the program’s baseline scenario. Ukraine’s IMF-supported program helps anchor policies that sustain fiscal, external, and macro-financial stability at a time of exceptionally high uncertainty. The EFF aims to support Ukraine’s economic recovery, enhance governance, and strengthen institutions with the aim of promoting long-term growth and investment.

    For the Eighth Review, Ukraine met all end-March and continuous quantitative performance criteria as well as the prior action to submit to the Cabinet of Ministers of Ukraine a detailed reform plan for the State Customs Service (SCS). Two structural benchmarks on tax reporting for digital platform operators and publication of the external audit of NABU were also completed. Four new benchmarks were also established, including: measures to update the single project pipeline; preparation of a prioritized roadmap for financial market infrastructure; implementation of international valuation standards; and development of legislative proposals to align securitization and bonds with international standards. The timelines of some other structural benchmarks, including the appointment of the head of the SCS, have been reset by the IMF Executive Board to allow the authorities more time to complete these important reforms. The authorities also requested a rephasing of access to IMF financing over the remainder of 2025 to better align them with Ukraine’s updated balance of payments needs, while the overall size of the program remains unchanged.   

    The 2025 growth forecast has been maintained at 2–3 percent as a smaller electricity deficit is offset by lower gas production and weaker agricultural exports. Pressures from Russia’s war will require a supplementary budget for 2025, and the medium-term fiscal path has been revised to better reflect the authorities’ policy intentions on revenue mobilization and expenditure prioritization. The National Bank of Ukraine (NBU) has maintained a tight monetary policy to respond to the still high inflation, while inflation expectations remain anchored. FX reserves remain adequate, sustained by continued sizeable external support. Overall, the outlook remains subject to exceptionally high uncertainty.

    Following the Executive Board discussion on Ukraine, Ms. Gita Gopinath, First Deputy Managing Director of the IMF, issued the following statement[1]:

    “Russia’s war continues to take a devastating social and economic toll on Ukraine. Nevertheless, macroeconomic stability has been preserved through skillful policymaking as well as substantial external support. The economy has remained resilient, but the war is weighing on the outlook, with growth tempered by labor market strains and damage to energy infrastructure. Risks to the outlook remain exceptionally high and contingency planning is key to enable appropriate policy action should risks materialize.

    “The Fund-supported program remains fully financed, with a cumulative external financing envelope of US$153 billion in the baseline scenario and US$165 billion in the downside scenario, over the 4-year program period. This includes the full utilization of the approximately US$50 billion from the G7’s Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative. Full, timely, and predictable disbursement of external support—on terms consistent with debt sustainability—remains essential to achieving program objectives.

    “The continuing war has necessitated a Supplementary Budget for 2025. Restoring fiscal sustainability and meeting elevated priority expenditures over the medium term will require continued decisive efforts to implement the National Revenue Strategy. This includes modernization of the tax and customs services (including the timely appointment of the customs head), reduction in tax evasion, and harmonization of legislation with EU standards. These reforms, combined with improvements in public investment management frameworks, medium-term budget preparation, and fiscal risk management, are critical to underpinning growth and investment. 

    “The authorities continue working to complete their debt restructuring strategy in line with the program’s debt sustainability objectives, which is essential to create room for priority expenditures, reduce fiscal risks, and restore debt sustainability.

    “Given still elevated inflation, the tight monetary policy stance is appropriate, and the NBU should stand ready to tighten further should inflation expectations deteriorate. Greater exchange rate flexibility will help strengthen economic resilience while safeguarding reserves.

    “The financial sector remains stable, though vigilance is needed given heightened risks. Operational and governance weaknesses in the security markets regulator need to be tackled urgently. Closing gaps in Ukraine’s capital markets infrastructure will be key to attracting foreign private capital for post-war reconstruction.

    “Sustained progress in anticorruption and governance reforms remains crucial. The completed audit of the National Anti-Corruption Bureau is an important step; additional efforts are required, including amending the criminal procedures code, appointing the new head of the Economic Security Bureau, and strengthening AML/CFT frameworks.”

    Table 1. Ukraine: Selected Economic and Social Indicators, 2021–27

    2021

     

    2022

     

    2023

    2024

    2025

    2026

    2027

    Act.

    Act.

    Act.

    Proj.

    Proj.

    Proj.

    Proj.

    Real economy (percent change, unless otherwise indicated)

    Nominal GDP (billions of Ukrainian hryvnias) 1/

    5,451

     

    5,239

     

    6,628

    7,659

    8,866

    10,192

    11,322

    Real GDP 1/

    3.4

     

    -28.8

     

    5.5

    2.9

    2-3

    4.5

    4.8

    Contributions:

                     

    Domestic demand

    12.8

     

    -19.0

     

    11.9

    3.8

    5.2

    3.4

    2.7

    Private consumption

    4.5

     

    -19.0

     

    3.0

    4.6

    2.8

    3.4

    2.7

    Public consumption

    0.1

     

    5.6

     

    3.0

    -1.5

    0.3

    -2.5

    -2.0

    Investment

    8.1

     

    -5.5

     

    5.8

    0.6

    2.1

    2.5

    2.0

    Net exports

    -9.3

     

    -9.8

     

    -6.3

    -0.8

    -3.2

    1.1

    2.1

    GDP deflator

    24.8

     

    34.9

     

    19.9

    12.3

    13.5

    10.0

    6.0

    Unemployment rate (ILO definition; period average, percent)

    9.8

     

    24.5

     

    19.1

    13.1

    11.6

    10.2

    9.4

    Consumer prices (period average)

    9.4

     

    20.2

     

    12.9

    6.5

    12.6

    7.6

    5.3

    Consumer prices (end of period)

    10.0

     

    26.6

     

    5.1

    12.0

    9.0

    7.0

    5.0

    Nominal wages (average)

    20.8

     

    1.0

     

    20.1

    23.1

    17.4

    13.7

    10.8

    Real wages (average)

    10.5

     

    -16.0

     

    6.4

    15.6

    4.2

    5.7

    5.3

    Savings (percent of GDP)

    12.5

     

    17.0

     

    12.8

    11.4

    4.4

    10.0

    18.3

    Private

    12.7

     

    30.2

     

    27.4

    23.3

    21.4

    15.9

    18.0

    Public

    -0.2

     

    -13.1

     

    -14.6

    -11.8

    -17.1

    -5.9

    0.3

    Investment (percent of GDP)

    14.5

     

    12.1

     

    18.1

    18.6

    20.9

    22.6

    23.7

    Private

    10.7

     

    9.6

     

    13.4

    13.3

    16.6

    18.3

    18.9

    Public

    3.8

     

    2.5

     

    4.7

    5.4

    4.3

    4.3

    4.9

                     

    General Government (percent of GDP)

                     

    Fiscal balance 2/

    -4.0

     

    -15.6

     

    -19.3

    -17.2

    -21.3

    -10.1

    -4.6

    Fiscal balance, excl. grants 2/

    -4.0

     

    -24.8

     

    -25.8

    -23.1

    -22.1

    -10.4

    -5.6

    External financing (net)

    2.5

     

    10.7

     

    16.2

    15.0

    24.5

    8.9

    1.7

    Domestic financing (net), of which:

    1.5

     

    5.0

     

    3.1

    0.3

    -3.1

    1.3

    2.8

    NBU

    -0.3

     

    7.3

     

    -0.2

    -0.2

    -0.1

    -0.1

    -0.1

    Commercial banks

    1.4

     

    -1.5

     

    2.5

    2.9

    2.7

    0.8

    3.4

    Public and publicly-guaranteed debt

    48.9

     

    77.7

     

    81.2

    89.7

    108.6

    110.4

    106.4

                     

    Money and credit (end of period, percent change)

                     

    Base money

    11.2

     

    19.6

     

    23.3

    7.7

    21.7

    13.1

    10.4

    Broad money

    12.0

     

    20.8

     

    23.0

    13.4

    14.4

    13.2

    10.4

    Credit to nongovernment

    8.4

     

    -3.1

     

    -0.5

    13.5

    10.6

    17.7

    18.6

                     

    Balance of payments (percent of GDP)

                     

    Current account balance

    -1.9

     

    4.9

     

    -5.3

    -7.2

    -16.5

    -12.6

    -5.4

    Foreign direct investment

    3.8

     

    0.1

     

    2.5

    1.8

    2.2

    4.0

    5.0

    Gross reserves (end of period, billions of U.S. dollars)

    30.9

     

    28.5

     

    40.5

    43.8

    53.4

    52.8

    55.6

    Months of next year’s imports of goods and services

    4.5

     

    3.8

     

    5.3

    5.1

    6.3

    6.3

    6.5

    Percent of short-term debt (remaining maturity)

    74.4

     

    83.3

     

    100.3

    130.9

    178.9

    171.5

    172.1

    Percent of the IMF composite metric (float)

    105.5

     

    110.3

     

    130.2

    125.4

    125.5

    114.0

    115.7

    Goods exports (annual volume change in percent)

    39.0

     

    -37.5

     

    -8.5

    16.8

    3.0

    14.9

    14.3

    Goods imports (annual volume change in percent)

    15.1

     

    -29.7

     

    18.5

    6.0

    19.3

    4.7

    5.5

    Goods terms of trade (percent change)

    -8.4

     

    -11.6

     

    3.6

    0.5

    1.3

    1.0

    0.4

                     

    Exchange rate

                     

    Hryvnia per U.S. dollar (end of period)

    27.3

     

    36.6

     

    38.0

    42.0

    …

    …

    …

    Hryvnia per U.S. dollar (period average)

    27.3

     

    32.3

     

    36.6

    40.2

    …

    …

    …

    Real effective rate (CPI-based, percent change)

    2.6

     

    3.2

     

    -6.7

    -6.5

    …

    …

    …

    Memorandum items:

    Per capita GDP / Population (2017): US$2,640 / 44.8 million

    Literacy / Poverty rate (2022 est 3/): 100 percent / 25 percent perpercentpercent

    Sources: Ukrainian authorities; World Bank, World Development Indicators; and IMF staff estimates.

    1/ GDP is compiled as per SNA 2008 and excludes territories that are or were in direct combat zones and temporarily occupied by Russia (consistent with the TMU).

    2/ The general government includes the central and local governments and the social funds.

    3/ Based on World Bank estimates.

    [1] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summing up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/30/pr-25227-ukraine-imf-completes-8th-rev-of-ext-arrang-under-eff

    MIL OSI

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI Europe: REPORT on the security of energy supply in the EU – A10-0121/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the security of energy supply in the EU

    (2025/2055(INI))

    The European Parliament,

    – having regard to the Treaty on the Functioning of the European Union, and in particular Article 194 thereof,

    – having regard to Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products[1] (Oil Stocks Directive),

    – having regard to the Commission communication of 28 May 2014 entitled ‘European Energy Security Strategy’ (COM(2014)0330),

    – having regard to Regulation (EU) 2017/1938 of the European Parliament and of the Council of 25 October 2017 concerning measures to safeguard the security of gas supply and repealing Regulation (EU) No 994/2010[2],

    – having regard to Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU[3],

    – having regard to Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity[4],

    – having regard to Regulation (EU) 2019/941 of the European Parliament and of the Council of 5 June 2019 on risk-preparedness in the electricity sector and repealing Directive 2005/89/EC[5],

    – having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    – having regard to the Commission communication of 8 July 2020 entitled ‘Powering a climate-neutral economy: An EU Strategy for Energy System Integration’ (COM(2020)0299),

    – having regard to Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility and repealing Regulations (EU) 1316/2013 and (EU) No 283/2014[6],

    – having regard to Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’)[7],

    – having regard to Regulation (EU) 2022/869 of the European Parliament and of the Council of 30 May 2022 on guidelines for trans-European energy infrastructure, amending Regulations (EC) No 715/2009, (EU) 2019/942 and (EU) 2019/943 and Directives 2009/73/EC and (EU) 2019/944, and repealing Regulation (EU) No 347/2013[8],

    – having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 18 May 2022 entitled ‘EU external energy engagement in a changing world’ (JOIN(2022)0023),

    – having regard to the Commission communication of 18 May 2022 entitled ‘REPowerEU Plan’ (COM(2022)0230),

    – having regard to the Commission communication of 18 October 2022 entitled ‘Digitalising the energy system – EU action plan’ (COM(2022)0552),

    – having regard to the final assessment report on the EU-NATO Task Force on the resilience of critical infrastructure, published in June 2023,

    – having regard to Directive (EU) 2023/1791 of the European Parliament and of the Council of 13 September 2023 on energy efficiency and amending Regulation (EU) 2023/955 (recast)[9] (Energy Efficiency Directive),

    – having regard to the Euratom Supply Agency Annual Report 2023,

    – having regard to Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652 (the Renewable Energy Directive)[10],

    – having regard to Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (recast)[11],

    –  having regard to Regulation (EU) 2024/1789 on the internal markets for renewable gas, natural gas and hydrogen, amending Regulations (EU) No 1227/2011, (EU) 2017/1938, (EU) 2019/942 and (EU) 2022/869 and Decision (EU) 2017/684 and repealing Regulation (EC) No 715/2009 (recast)[12],

    – having regard to Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942[13],

    – having regard to Directive (EU) 2024/1711 of the European Parliament and of the Council of 13 June 2024 amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design[14],

    – having regard to Regulation (EU) 2024/1747 of the European Parliament and of the Council of 13 June 2024 amending Regulations (EU) 2019/942 and (EU) 2019/943 as regards improving the Union’s electricity market design (Electricity Market Design (EMD) Regulation)[15],

    – having regard to its resolution of 14 November 2024 on EU actions against the Russian shadow fleets and ensuring a full enforcement of sanctions against Russia[16],

    – having regard to the report by Sauli Niinistö entitled ‘Safer Together – Strengthening Europe’s Civilian and Military Preparedness and Readiness’ (Niinistö report), published on 30 October 2024,

    – having regard to European Court of Auditors Special Report 09/2024 entitled ‘Security of the supply of gas in the EU’[17],

    – having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

    – having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 21 February 2025 entitled ‘EU Action Plan on Cable Security’ (JOIN(2025)0009),

    – having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

    – having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 26 March 2025 on the European Preparedness Union Strategy (JOIN(2025)0130),

    – having regard to Rule 55 of its Rules of Procedure,

    – having regard to the report of the Committee on Industry, Research and Energy (A10-0121/2025),

    A. whereas energy security is a key building block of a resilient, sustainable and competitive economy; whereas reliable and affordable energy supplies are essential for economic growth, industrial productivity and societal well-being;

    B. whereas in the context of a general security crisis and the need for preparedness against defence challenges, securing energy supply constitutes a priority;

    C. whereas despite the potential for developing domestic clean and renewable energy sources, the EU imports more than 60 % of its energy, including 90 % of its gas and 97 % of its oil[18], leaving it vulnerable to potential energy supply disruptions;

    D. whereas the EU has the potential to develop renewable resources, and since the publication of the Commission’s last Energy Security Strategy in 2014, the production of home-grown renewable energy has grown substantially – wind power by 98 %, solar photovoltaic by 314 %, solar thermal by 22 % and ocean energy by 244 %; whereas, over the same period, the EU’s domestic fossil fuel production has declined, with coal production falling by 53 %, oil by 31 % and gas by 73 %;

    E. whereas with a renewable energy-dominated grid, Europe will need to secure over 100 GW of new clean firm power capacity by 2035 to ensure reliability, energy security and lower costs[19];

    F. whereas the gap between energy production and EU demand negatively affects the EU’s trade balance, with energy imports amounting to EUR 427 billion in 2024 – down from a peak of EUR 602 billion in 2022 – for coal, oil and gas[20];

    G. whereas EU nuclear production has declined by 24 % since 2014[21]; whereas a number of Member States are demonstrating their commitment to expanding nuclear energy as a pillar of their energy strategies and advancing their nuclear power projects;

    H. whereas the diversification of energy sources contributes to the EU’s open strategic autonomy, energy security and resilience against external supply disruptions;

    I. whereas applying renewable and clean domestic energy production, energy efficiency and energy saving measures across the entire value chain decreases reliance on external energy sources and enhances the security of energy supply; whereas EU energy efficiency policies have yielded structural results, with energy demand peaking in 2006 and declining by 20 % in 2023[22], highlighting energy efficiency as the most cost-effective way to reduce emissions, enhance competitiveness, make energy consumption more affordable and improve energy security;

    J. whereas Member States differ in terms of natural and geographical characteristics, energy supply, security, sources and policies;

    K. whereas the Russian Federation has for decades weaponised its supplies of oil, coal, nuclear power and gas to the EU in order to create division among Member States and, since the summer of 2021, to fuel inflation and weaken Europe’s resolve to support Ukraine in its just fight for freedom; whereas Russia’s war against Ukraine started in 2014; whereas Russia has been carrying out an illegal, unprovoked and unjustified full-scale war of aggression against Ukraine since 24 February 2022; whereas Member States agreed in the Versailles Declaration[23] to reassess how to ensure the security of their energy supplies and to phase out their dependency on Russian gas, oil and coal imports ‘as soon as possible’ by, among other means, speeding up the development of renewables and the production of their key components and accelerating the reduction of overall EU reliance on fossil fuels, taking into account national circumstances and Member States’ energy mix choices; whereas the REPowerEU plan put forward a set of actions to stop importing Russian fossil fuels by 2027 at the latest;

    L. whereas while most Russian oil and coal imports have been sanctioned, Russian gas and nuclear imports have regrettably remained outside of the EU’s sanctions regime amid concerns over security of supply;

    M. whereas the share of Russian pipeline gas, both liquefied natural gas (LNG) and pipeline, in the EU’s total energy imports significantly decreased from 45 % in 2021 to approximately 19 % in 2024; whereas EU imports of Russian fossil fuels in the third year of the invasion have surpassed the EU financial aid sent to Ukraine in the same period (EUR 18.7 billion in 2024)[24]; whereas since the beginning of the war, Russia has earned a total of EUR 206 billion in revenue from fossil fuel exports to the EU; whereas global fossil fuel exports constitute the single largest source of revenue for Russia, amounting to EUR 250 billion per year[25] – equivalent to 160 % of the Russian military budget for this year[26];

    N. whereas among the 100 reactors operating in the EU, 18 are located in five EU countries and are of Russian or Soviet-design, each with varying levels of built-in reliance on Rosatom, which poses a particular risk to European energy security; whereas in 2024, Russia met around 23 % of the EU’s total demand for uranium conversion services and 24 % for uranium enrichment services;

    O. whereas Russia has been circumventing sanctions through its shadow fleet, which transports oil to willing buyers under false flags or without flags and which poses serious environmental risks; whereas Member States have yet to implement the effective measures adopted by the Council in the 15th sanctions package against sanctions evasion through the shadow fleet;

    P. whereas in its November 2024 resolution, Parliament called for the EU and its Member States to ban all imports of Russian energy, including LNG and nuclear, to require that ships exporting LNG from Russia be banned from entering EU ports and to refrain from concluding any new agreements with Rosatom or its subsidiaries;

    Q. whereas the absence of an updated robust EU energy security strategy is adversely affecting businesses, industries and households; whereas, among other contributing factors, this has led to a sharp rise in energy poverty with nearly one in ten households (10.6 %) unable to adequately heat their homes in 2023[27], an increase from 6.9 % in 2021[28];

    R. whereas attacks against critical energy infrastructure can lead to a loss of power affecting several Member States simultaneously and substantial economic damage, undermine public security and have implications for the EU’s defence capabilities; whereas Europe’s energy sector has been inundated with cyberattacks since Russia’s invasion of Ukraine; whereas the Baltic Sea’s critical energy infrastructure is under regular attack from Russia; whereas the growing number of perimeter harassment incidents against offshore energy infrastructure poses a serious concern;

    S. whereas NATO’s role in energy security was first defined at the 2008 Bucharest Summit and has since been strengthened; whereas NATO is strengthening the security of critical infrastructure to prevent sabotage, including through the recently launched Baltic Sentry initiative; whereas NATO is supporting national authorities in enhancing their resilience against energy supply disruptions that could affect national and collective defence;

    T. whereas the integration of the Baltic states’ electricity systems into the continental European network in February 2025 was a critical step towards enhancing their energy security, as it eliminated reliance on the Russian-controlled grid, thereby reducing geopolitical vulnerabilities and strengthening the resilience of the Baltic region;

    A new vision for energy security in a changing global landscape

    1. Recalls that the European Environment Agency defines energy security as ‘the availability of energy at all times in various forms, in sufficient quantities, and at reasonable and/or affordable prices’; considers that a comprehensive approach to energy security should take into account the physical infrastructure dimension, the availability, reliability, stability and affordability of supplies and their sustainability, and should place emphasis on the geopolitical and climate dimensions;

    2. Stresses that energy security is a cross-sectoral issue that underpins the functioning of all critical sectors, making it indispensable for economic stability, public safety and national resilience; underlines that integrating energy security considerations into relevant policies and their underlying impact assessments is crucial for enhancing the coherence, consistency and overall effectiveness of EU policymaking;

    3. Emphasises that the current geopolitical situation and continued perilous energy supply dependencies underscore the need to revise the understanding of energy security and recognises that the resilience of energy systems, understood as the ability to anticipate, withstand, adapt to, and quickly recover from possible disruptions, is now a strategic imperative;

    4. Stresses that as the energy system continues to decarbonise, the share of renewables increases and electrification advances, a well-functioning and integrated energy market, energy efficiency, the integration of flexibility sources (electricity and heat storage, hydrogen, comprehensively developed and resilient infrastructure, demand response, etc.), and sufficient dispatchable capacity will be crucial to successfully manage the intermittency of renewable energy sources and unlock the full potential of the energy transition;

    5. Highlights that energy security cannot work without adequacy; notes that ‘the scarcity issues tend to shift from the peripheral areas of Europe in 2025 to the central parts of the continent by 2033’[29]; believes that capacity remuneration mechanisms play a structural role in securing dispatchable backup capacity to ensure adequacy during peak times or periods of supply shortages and in helping to incentivise the necessary investments in generating capacity that market signals, relying solely on infrequent scarcity price hours, may fail to justify; underlines the need to ensure that the mechanisms are open to different types of resources (such as demand side, energy savings, aggregation, storage units and cross-border resources) capable of providing the necessary services, such as flexibility, do not create undue market distortions or limit cross-zonal trade, and reflect compatibility with a future decarbonised electricity system, including through coherence with defined emission limits as set out in Article 22 of the EMD Regulation; recalls that remuneration for capacity mechanisms only covers their availability; stresses the urgent need to simplify and streamline their approval processes, as requested by the EMD revision, while giving due consideration to the specific problems of the electricity market in the respective Member States in the Commission’s approval process; notes the Commission report on the assessment of possibilities of streamlining and simplifying the process of applying a capacity mechanism[30] and the ongoing works on the Clean Industrial Deal State Aid Framework with concrete proposals to accelerate the approval process; notes that while the balancing market provides essential short-term services, it is not yet investment-friendly and calls therefore on the Commission to develop incentives to build the flexible assets that balancing markets urgently need;

    6. Stresses that decarbonisation should take into account the specificities of Member States and their regions, including Europe’s outermost territories and Just Transition Fund regions and their level of access to different types of clean energy sources, the needs of their industries and the vulnerability of their citizens in order to ensure a just transition that maintains energy security by creating synergies between climate ambitions, geographical and natural conditions, and social and economic realities;

    7. Notes the need for a broader approach to non-fossil flexibility and energy storage that incorporates molecules and heat; highlights the potential of district heating systems that can use thermal storage to reduce the temperature of the loop and incorporate waste heat, solar, geothermal and other renewable sources, where appropriate, using natural gas and biomass in a transition period; draws attention to the important role that the optimal use of high-efficiency cogeneration, in line with the Energy Efficiency Directive, can play in contributing to balancing the electricity grid and to the competitiveness of some industrial sectors, especially those that do not have alternative ways of producing affordable heat in their industrial processes; stresses the need to modernise and expand district heating grids to this end;

    8. Emphasises that technological neutrality plays a key role in enhancing the security of energy supply while avoiding lock-in effects and fostering sustainability, economic efficiency and a just transition; recalls the need to invest in a diverse portfolio of clean technologies that allow regions to adopt technologies best suited to their needs in a cost-effective way, making energy more affordable and accessible;

    9. Notes that the Draghi report[31] highlights that a reduction in dependency on fossil fuel imports would enhance EU competitiveness and the affordability and security of supply; notes that natural gas is currently a component of the EU’s energy security, with demand of 320 bcm in 2024, and notes the International Energy Agency (IEA) forecasts indicating a moderate demand of 260 bcm annually by 2035[32], while a REpowerEU scenario projected a possible demand reduction of 184 bcm by 2030, implying an approximate 50 % slash in natural gas demand in less than five years, compared to demand of 356 bcm in 2022; recalls Draghi’s proposal to establish a comprehensive strategy for natural gas, managing its role during the transition and securing its supply, that should guide infrastructure choices, international partnerships and legislation; notes, with concern, that inconsistent policies on natural gas have weakened the trading position of EU companies, leaving them exposed to global spot market prices and potentially creating a gap between what the EU has contractually secured and what will be imported over time;

    10. Stresses that the development of nuclear energy remains a national prerogative in the framework of EU law; notes that for the Member States that choose to have nuclear power in their energy mix, it can have an important role to play in an integrated energy system with increasing penetration of renewables; notes that a number of Member States see a need to support the development and deployment of both existing and a new generation of nuclear technologies, as well as the entire nuclear fuel cycle, that will contribute to building a competitive technological supply chain in the EU so as to ensure open strategic autonomy; stresses the importance of assessing the full cost of the entire nuclear energy life cycle, including construction, operation, security, environmental and health impacts, waste management and decommissioning; notes the existing and ongoing reliance on foreign providers, with approximately 97 % of the EU’s natural uranium supply in 2022 coming from oversea sources[33] and stresses the need to diversify  uranium and nuclear fuel supply sources and to follow the Euratom Supply Agency’s recommendation in developing reliable supply chains to meet the growing demand for nuclear and new nuclear technologies; notes, in this regard, the European Investment Bank’s recent decision to renew its support for strengthening European uranium enrichment capacities; underlines that small modular reactors (SMRs) and advanced modular reactors (AMRs) have the potential to enhance energy security by providing low-carbon power; notes, however, that the technology is not yet fully developed; welcomes the announced assessment of the possibility of streamlining licensing practices for new nuclear energy technologies such as SMRs;

    11. Recognises that renewable energy constitutes an enabler of energy autonomy and long-term security of supply; stresses that renewables are essential in delivering energy security as they already constitute the main source of home-grown energy for the EU; highlights the importance of maximising the use of existing renewable capacities, particularly by tackling the issue of curtailment, as grid congestion in the EU curtailed over 12 TWh of renewable electricity in 2023, resulting in an additional 4.2 million tons of CO₂ emissions[34]; notes that renewables have already helped to reduce EU dependence on Russian gas as they accounted for 25 % of the energy and 45 % of the electricity consumed in the EU in 2023; reaffirms the importance of sustained EU support for the development and deployment of established renewable technologies, such as solar, wind power, geothermal and heat pumps; reiterates the necessity of policy and investment support for less developed or emerging sectors in order to accelerate the deployment of renewable technologies that are the most relevant given their national and local circumstances, such as innovative geothermal technologies, biomethane, solar thermal, marine energy, tidal energy, osmotic energy and concentrated solar power; expresses concern that, without targeted support policies, some innovative technologies may fail to reach commercialisation in a timely manner, and therefore calls on the Member States to support their research, demonstration, market adoption and scale-up; calls on the Commission to present an investment plan for these renewable technologies;

    12. Notes, in particular, the potential of geothermal energy, estimated to reach 510 GW by 2035 at a capacity factor of 80-90 %; highlights the vast untapped resources in certain EU regions and calls on the Commission to deliver on Parliament’s call to support the development of geothermal energy, including through the establishment of risk mitigation instruments;

    13. Asks the IEA to conduct an analysis to assess the possibilities for using EU natural gas resources; notes that domestic EU natural gas production dropped by more than a third between 2020 and 2023 and that this decline is expected to continue with no significant near-term increase in the production of green gases, including biogas and biomethane, in the EU; notes that Draghi’s report highlights that while progressively decarbonising and moving to hydrogen and green gases in line with RED III and REPowerEU as a transitional measure, domestic natural gas production – where deemed justified by individual Member States – could also play a role in contributing to security of supply and avoiding exposure to negative geopolitical developments;

    14. Highlights that diversification is vital to mitigate the risk of supplier dominance in a changing geopolitical context; believes the EU needs to strengthen international partnerships with reliable suppliers of energy, raw materials and clean-tech components in all regions of the world, and, in particular, with European Economic Area countries;

    15. Underlines that enhancing energy security requires a holistic approach, notably through improving energy efficiency in key end-use energy sectors, such as buildings and industry, promoting energy savings, boosting investment in research and development, and ensuring meaningful citizen participation, all of which are essential to achieving a resilient, sustainable and inclusive energy system;

    16. Calls on the Commission to be mindful of future military capability and mobility needs in the development of the EU’s energy system; notes, with concern, that the EU is highly import-dependent for crude oil and petroleum products; calls on the Commission to prepare a comprehensive strategy on liquid fuels in order to ensure their readily available access for the military in a crisis situation, and to reduce dependencies on vulnerable import chains and unreliable producers, particularly thorough the development of advanced synthetic fuels (such as sustainable aviation fuels and e-fuels) in Europe;

    17. Draws attention to the Niinistö report’s recommendation on the need for further work on priority dual-use transport corridors for civilian and defence-related logistical needs, and on the expansion of fuel supply chains for the armed forces along these corridors, as well as stockpiling and strategic reserves of energy, that could be particularly useful for the regions with insufficiently developed pipeline infrastructure and fuel storage; calls, in this respect, on the Commission to review the Oil Stocks Directive in the light of recent geopolitical shifts and the military readiness needs in order to strengthen energy security and resilience against emerging military risks;

    18. Acknowledges the rapidly accelerating energy demand driven by the digital sector, particularly the substantial energy requirements of data centres and artificial intelligence systems; stresses that this trend highlights the urgent need for robust energy efficiency policies and underscores the importance of the EU proactively pursuing sustainable, forward-looking solutions to meet this growing demand while safeguarding the resilience of its energy system;

    A resilient energy infrastructure

    19. Notes that infrastructure bottlenecks impede the benefits of sector integration and aggravate the threats to energy security; underlines the importance of investing in new energy networks, including cross-border interconnectors and offshore grids, and optimising existing infrastructure to increase capacity using grid-enhancing technologies (GETs) while reducing new infrastructure needs, in order to enable the integration of renewables and other new generation facilities, close price gaps, improve the overall system efficiency and foster solidarity among the Member States in the event of an energy crisis; emphasises the need for technically sound infrastructure planning that takes into account geographical and natural characteristics while ensuring long-term viability and avoiding the creation of stranded assets;

    20. Calls on the Commission to urgently assess areas where interconnectors are insufficient so as to achieve the current 15 % interconnection target as set out in Regulation (EU) 2018/1999[35]; stresses the importance of Projects of Common Interest (PCIs) in facilitating the efficient and secure flow of electricity across Member States and regions, thereby strengthening cross-border integration and energy solidarity within the EU; acknowledges the role of the Connecting Europe Facility for Energy (CEF-E) in completing the above investments and reiterates its call for its funding to be significantly increased when proposing the next multiannual financial framework;

    21. Calls on the Member States to accelerate permitting procedures for electricity installations and networks; notes that excessively long permitting procedures could create legal uncertainty, undermining resource adequacy by delaying the implementation of critical projects – whether for repowering or revamping existing generation sites, or for developing transmission, distribution, or storage infrastructure; welcomes the positive progress made regarding provisions adopted in the latest revision of the Renewable Energy Directive and the Emergency Regulation on Permitting[36] to accelerate, streamline and simplify permit-granting procedures;

    22. Recalls that climate change continues to worsen, placing increasing stress on the energy system due to extreme weather events, such as heat waves, that lead to thermal power plant shutdowns, droughts that reduce generation output, and severe storms, floods and fires that damage electricity grids and gas pipelines; stresses that the impact of climate change on generation assets, networks and consumption patterns should be better integrated into the modelling and preparedness of energy infrastructure; emphasises the need for resilient energy system planning, incorporating climate-adaptive strategies such as advanced cooling technologies, grid flexibility, decentralised renewable generation and strengthened infrastructure protections; highlights the importance of integrating a climate-proofing plan, grounded in an initial risk-based assessment, into energy projects from the earliest stages of development;

    23. Calls on the Commission to build on Directive (EU) 2022/2557[37] on the resilience of critical entities by facilitating its full and harmonised implementation through the provision of best practices, guidance materials and methodologies, and cross-border training activities and exercises to support Member States, competent authorities and critical energy entities;

    24. Emphasises the need to invest in the protection and resilience of energy infrastructure against human-caused threats, such as military, hybrid and cyber attacks; expresses concern about recent sabotage incidents in the Baltic Sea and calls for stronger EU-level action to protect the EU’s critical energy infrastructure, including cross-border connections with non-EU countries, such as subsea pipelines and cables, offshore wind farms and interconnections, designed to support the most impacted Member States, and to complement national measures; welcomes, in this regard, the joint communication on the EU Action Plan on Cable Security;

    25. Notes that the decentralisation of the energy system, that both strengthens resilience and facilitates the energy transition, and increased diversity of sources and autonomy, reduce reliance on centralised power plants, minimise outage risks, enhance grid stability, and enable quicker recovery from disruptions; emphasises at the same time that the increased number of remote and dispersed sources of energy, energy storage and new connections require enhanced measures to ensure robust infrastructure protection;

    26. Calls on the Commission to draw on the lessons learned from the war in Ukraine, particularly the critical role of electricity interconnection, microgrids, distributed solar power, wind power and battery storage in ensuring greater resilience of the electricity grid against military attacks, including cyberattacks, drones and missiles; commends Ukraine’s sustained efforts to maintain the functionality and safety of its energy system in the face of Russia’s war of aggression, and underscores that supporting Ukraine also entails helping to safeguard the soundness of its national electrical grid;

    27. Notes, with concern, that small distributed energy resources (DERs) connected to the internet, such as inverters, are not covered by appropriate conformity assessment procedures under cybersecurity legislation, such as the Cyber Resilience Act[38], and since they can be remotely controlled and their software updated by the manufacturer, which, in many cases, are non-trusted vendors, they could give these non-trusted vendors control over EU electricity grids; urges the Commission to establish mandatory risk assessments for DERs based on the country of origin, ensuring that devices controlled from jurisdictions with potential security concerns are subject to strict oversight and localisation requirements; calls for enhanced resilience in European supply chains by promoting EU-based manufacturing of DERs and fostering alliances with trusted international partners; highlights the need for an adequate number of professionals specialised in cybersecurity and close coordination among Member States to address these vulnerabilities;

    28. Calls on energy companies that manage critical infrastructure to work closely with the EU Agency for Cybersecurity and equip themselves with the most advanced cybersecurity tools; considers that cooperation with NATO in the field of cybersecurity should be strengthened in order to counter hybrid threats to Europe’s energy security;

    29. Notes that the Member States need to do their utmost to increase their resilience, which encompasses the ability to prevent, protect against, respond to, resist, mitigate, absorb, accommodate and recover from incidents, taking into full account the interdependence of the EU energy market and the potential domino effect that infrastructure failures in one country may have across the Union; underlines, in particular, the need to strengthen the recovery aspect, which could be achieved through an efficient European repair and response mechanism and national and regional operational plans, which could serve as an important element of the EU’s deterrence strategy; notes the importance of EU solidarity in responding to potential infrastructure incidents, ensuring coordinated action and mutual support among Member States;

    30. Recalls that energy infrastructure constitutes a particularly sensitive sector in need of protection against foreign interests; urges the Member States and the Commission to address security risks associated with foreign investment in and acquisitions of energy infrastructure; expresses concern about a series of potentially sensitive foreign investments, particularly in grids; welcomes, in this regard, the ongoing revision of the Foreign Investment Screening Regulation[39] as a timely step towards adopting a stringent strategic approach to the development and oversight of European energy infrastructure;

    31. Stresses that energy security should include the supply of key clean technologies, components and critical raw materials and notes the need for their diversified sourcing; calls for increased support for the EU’s grid manufacturing industry as a strategic pillar of the energy transition, with particular emphasis on ensuring a fair and competitive regulatory environment for European manufacturers, while exploring the potential for local content requirements to strengthen energy security, supply chain resilience and industrial competitiveness; calls for an update of the Public Procurement Framework to simplify and reduce the administrative burden for grid operators to access the needed grid technologies;

    32. Emphasises the importance of integrating circularity principles into the design of critical infrastructure and equipment, and calls for increased support for their implementation, with the goal of reducing the EU’s dependence on imports of foreign raw materials and enhancing resource efficiency;

    Phase out of Russian energy supplies

    33. Highlights that the challenges posed by a lack of solidarity in the EU and by some Member States prioritising particular interests have made the whole continent aware of the dangers of dependence on an unreliable energy supplier weaponising energy exports; underlines that the lessons learned from Russia’s war of aggression against Ukraine need to be at the core of future EU actions, particularly highlighting the critical importance of a united European response in order to eliminate perilous dependencies in energy supplies;

    34. Underlines that the EU has made advances in reducing its energy dependence thanks largely to the REPowerEU plan and the 16 sanctions packages, leading to a decline in imports of Russian gas (pipeline and LNG) from 45 % of total EU gas imports in 2021 to 19 % as of 2024;

    35. Expresses deep concern that the EU still maintains its reliance on Russian gas and, moreover, has recently seen an increase, with imports rising by 18 % in 2024 and continuing to grow in 2025[40]; notes that in 2024 alone, Member States purchased an estimated EUR 7 billion worth of Russian LNG, and since Russia’s invasion of Ukraine, the EU has imported EUR 200 billion worth of Russian oil and gas – totally[41] fuelling Russia’s war machine;

    36. Welcomes the publication of a roadmap for phasing out Russian energy imports, which must pave the way for their definitive end as soon as possible;

    37. Welcomes the stepwise prohibition of Russian gas imports proposed by the Commission; stresses the need to introduce an EU-wide ban on all Russian natural gas imports by 2027 at the latest, and on new contracts and existing spot contracts by the end of 2025; insists that the Member States, including those currently benefiting from targeted derogations for Russian oil imports, should ultimately phase out these imports by 2027 at the latest; welcomes the upcoming legislative proposals in this regard and calls on the Commission to explore the use of all available transitional instruments that could lead to the end of Russian fossil fuel imports by 2027, such as the introduction of a regular quota system for Russian gas imports into the EU and the introduction of a ceiling price for Russian LNG, following an assessment of market and price impacts; calls on the Commission to provide EU companies with effective and legally sound toolkits to facilitate their efforts to get out of long-term contracts with Russian suppliers without incurring penalties;

    38. Calls on the Member States to include gas deliveries to the EU from the Yamal LNG and Arctic LNG 2 terminals in the scope of EU sanctions and the respective sanctioning of the singular fleet of ice-class LNG carriers linked to the Yamal LNG project; notes that sanctioning LNG carriers would be highly effective, as there is a limited number of ice-class LNG carriers in the world; stresses that the above actions would require adequate assessments of the legal and economic impacts on the European companies concerned and to ensure their ability to exit contracts;

    39. Commends the inclusion of the nuclear supply chain in the roadmap; notes, with concern, that Russian nuclear fuel remains present in the EU market, including through indirect supply chains, and that in 2023, 23.5 % of the uranium consumed in the EU came from Russia and 30.1 % of the uranium used in the EU’s nuclear fleet was enriched by Russia; notes that while domestic providers are ramping up capacity in their European facilities to meet increased demand, as utilities proactively move away from Russian supply, clear policy decisions are urgently required at EU and national level to address the above vulnerabilities in the nuclear supply chain; calls therefore for support for projects within the Union that contribute to greater autonomy and security of nuclear fuel supply;

    40. Expresses concern that official data does not provide a complete picture of Russian energy imports and their final destination, as relabelled Russian oil and gas continue to enter the EU market; notes with regret that this, in some cases, occurs with the acquiescence of the state actors involved;

    41. Agrees that an adequate assessment of the amount of Russian energy imports is a prerequisite for phasing out this dependence; regrets the continued whitewashing of Russian energy imports and stresses the need for greater transparency in the EU energy market; calls on the Member States to publish data on the origin of imported, exported and consumed Russian gas, and urges the application of all measures against the whitewashing of Russian energy imports; notes that relevant reporting obligations laid down under Regulation (EU) 2024/1787 on methane emissions reduction in the energy sector can contribute to achieving this goal;

    42. Welcomes the upcoming proposals for transparency, monitoring and traceability mechanisms, as the effective implementation of sanctions depends on compatible control mechanisms in all Member States; underscores the urgent need to develop a legal mechanism to ensure the transparency and traceability of natural gas originating in Russia and exported to the EU as liquefied natural gas and by pipeline, and eventually to cover oil imports; stresses that this mechanism should be extended to energy imports from other destinations in the future; considers that the mechanism would require cooperation between various services, including EU competition services, the Agency for the Cooperation of Energy Regulators (ACER) and national customs authorities; asks the Member States to consider strengthening the criminal investigation powers of national customs authorities to ensure the effectiveness of the above mechanism and introducing sufficient deterrent measures and fines, such as adequate financial penalties for sanctions evasion;

    43. Stresses the need to adopt a legal framework for diversification, requiring each Member State to prepare, in a coordinated manner and through the appropriate competent authorities, an exit plan for Russian energy sources and to support and oversee the preparation and implementation of specialised exit plans at the level of undertakings active in their respective energy sectors; considers that these plans should include domestic production and demand reduction dimensions;

    44. Strongly condemns the calls for a return to Russian energy imports as part of the peace settlement in Ukraine; firmly rejects the idea of the possible certification of the Nord Stream 2 pipeline and insists on the complete decommissioning of Nord Stream pipelines; warns against the EU falling back into dependency on an unreliable supplier and calls on the Commission and the Member States to develop safeguards against this, such as a countersignature by the Commission on any potential contracts with Russia or the mandatory use of the AggregateEU platform for this type of purchase;

    45. Recalls that energy is a fundamental necessity; emphasises that the phase out of Russian energy imports must be a collective effort, ensuring that no Member State, company or household is left behind; emphasises that Member States are not equally positioned to phase out Russian energy imports in the same manner, and therefore urges strong solidarity among them, alongside appropriate support measures from the Commission to ensure a fair and coordinated transition;

    46. Notes that, in the near-term, there is the need to replace phased out Russian energy imports with reliable non-EU sources and urges the Commission therefore to propose measures that ensure their sufficient substitution from trusted partners; stresses, however, that Russian energy supplies should not be replaced by new dependencies in supplies, and therefore that, in the long term, energy imports should be progressively reduced through effective measures to support decarbonisation, electrification and energy efficiency and savings in the sectors where it is possible and cost-efficient, as well as through the development of domestic energy production in line with the REPowerEU plan;

    47. Emphasises that energy dependence on Russia also should not be replaced by new dependencies on individual suppliers of energy technologies, components or critical raw materials;

    Revision of security of supply framework

    48. Welcomes the upcoming revision of the Security of Supply architecture including the Gas Security of Supply Regulation and the Electricity Risk Preparedness Regulation, and other relevant legislation; considers that the new EU security of supply architecture should reflect such fundamental shifts as increasing cross-sectoral integration of the energy system, the new geopolitical landscape, the profound changes in supply routes, the impact of climate change, as well as changes in the maturity of energy technologies reflected in shifts of levelised costs of energy and the opportunities this presents for the energy transition;

    49. Highlights that energy efficiency plays a critical role in enhancing the security of energy supply by reducing overall energy demand, lowering dependency on energy imports and increasing system resilience; considers that the new security of supply framework should be broadened to reflect a new way of looking at the security of energy supply, based not only on energy sources, but also on the energy efficiency first principle, energy savings, cost efficiency, as well as the ability to produce different types of energy domestically; notes that, in the near-term, the Union should concentrate on effective and solid weaning of Russian energy imports without loopholes, including through securing alternatives supplies from reliable partners and better use of existing infrastructure, while in parallel continuing to develop domestic alternatives to imported energy products, where possible; stresses, nevertheless, the imperative to develop a future-proof security of supply architecture that systematically reduces dependence on external actors, notably by advancing energy efficiency, promoting energy savings, enhancing circularity and ensuring the sustained growth of home-grown clean energy production and well-protected decentralised energy infrastructure;

    50. Emphasises the need to prioritise the resilience of energy infrastructure, drawing on the lessons learned from Russia’s war of aggression against Ukraine, the targeted attacks on its energy systems and the benefits of decentralised energy systems; considers that new energy assets should be ‘resilient by design’, including to possible military threats and extreme weather events;

    51. Stresses the need for greater cooperation among all actors on the resilience of energy infrastructure to both climate impacts and human-caused threats; insists that the protection of this infrastructure requires greater involvement of governments, including through public-private partnerships; welcomes, in this regard, the Niinistö report recommendation to engage with the private sector in institutionalising de-risking efforts, cross-sector stress tests and proactive security measures; asks the Commission to ensure that such cooperation is reflected in plans covering incident management and recovery, and is subject to regular exercises; notes that the Union’s preparedness strategy includes actions to strengthen public-private partnerships and calls on the Commission to further develop relevant specific measures for the energy sector in the review of the security of supply architecture;

    52. Notes the need to accommodate in the security of supply architecture the integration of renewable and low-carbon gases, such as biomethane and hydrogen; recalls that the Hydrogen Strategy already recognised the role that renewable and low-carbon hydrogen production can play in providing flexibility and storage in an integrated energy system with a high share of renewables; calls on the Commission to recognise the complementarities between hydrogen and electricity in the future Electrification Action Plan, in line with energy sector integration, and to set clear conditions for the ramp-up of hydrogen to contribute to the energy transition, particularly in hard-to-abate sectors;

    53. Stresses the need to include affordability risks in national risk assessments; calls for transparency on the implementation of national risk-preparedness measures to increase trust between the Member States; notes the advantages of greater coherence on protected consumer categories (consistent categories and gradation of disconnection priority for grid users) to allow coordinated consumer load-shedding plans to be defined, including plans to support vulnerable households affected by, or at risk of, energy poverty during an energy crisis;

    54. Highlights the need for a unified, resilient and strategically coordinated energy policy; emphasises that as the EU energy markets become more integrated, energy security is increasingly becoming a shared responsibility of the Member States, thus requiring solidarity and coordination in order to prevent unilateral actions that could undermine the security of the entire EU; warns that a unilateral decision by a single actor to enter into a harmful energy agreement with a non-EU country could expose the whole EU to renewed energy crises, price volatility and geopolitical pressure;

    55. Notes the need for stronger coordination between the Member States on the decommissioning of ageing generation units with cross-border impact, as well as on withdrawal from the system of generation capacity in order to ensure that alternative installations have been completed and are in operation, as this affects the availability and affordability of energy in neighbouring countries;

    56. Underlines that data-driven technologies should positively impact energy security management; recognises the importance of comprehensive energy information and data in identifying and responding to evolving energy security threats and in infrastructure planning, and calls for improved coordination in the collection of such information and data;

    57. Calls on the Commission to include in the security of supply proposal technical provisions for the standardisation and interoperability of critical components of the EU’s energy system, particularly electrical transformers, to ensure that a lack of standardisation does not hinder European solidarity;

    58. Welcomes the establishment by the European Network of Transmission System Operators for Electricity (ENTSO-E) of a new Task Force on the Security of Critical Infrastructure, aimed at analysing and proposing recommendations on the topic of security of critical infrastructure; stresses the importance of incorporating lessons learned from Ukraine’s experience, including the valuable expertise of the dedicated unit within the Ukrainian Transmission System Operator (TSO) tasked with identifying and mitigating threats to critical infrastructure; calls on the Commission to collaborate closely with ENTSO-E in delivering a comprehensive and systemic assessment of threats to the EU electricity grid, to be completed by 2026;

    °

    ° °

    59. Instructs its President to forward this resolution to the Council and the Commission.

     

    MIL OSI Europe News –

    July 1, 2025
  • MIL-OSI Europe: Germany: Largest EIB financing for EWE – over 2,600 km of new underground power lines and more than 1,100 substations for Lower Saxony’s energy transition

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) and EWE AG announced the largest EIB loan that EWE has ever received at a ceremony marking the 25th anniversary of the EIB’s Berlin office today.

    A long-term credit facility of up to €450 million was finalised at an event attended by German federal government ministers, project partners and stakeholders.

    This will support investment totalling more than €700 million between 2025 and 2028. The programme includes the laying of more than 2,600 kilometres of new underground power lines and the construction and modernisation of over 1,100 substations, constituting another major step forward for energy infrastructure and energy security in northern Germany.

    EWE Chief Financial Officer Frank Reiners said:

    “We are pleased to further develop our partnership with the EIB. This financing will help supercharge our investments in grid expansion and digitalisation. This will enable us to rapidly and securely integrate more renewable energy into the power grid and strengthen the security of supply in our regions, thereby making them more attractive for new industrial developments.”

    EIB Vice-President Nicola Beer added:

    “What many people do not know is that the most important energy-transition investments are often right under our feet. With over 2,600 km of new underground power lines and more than 1,100 new and modernised substations, we are working with EWE to build a hidden backbone for a more secure energy supply and expanded use of renewable energy throughout northern Germany. Today’s signature of the EIB’s largest-ever financing for EWE at the 25th anniversary event for our Berlin office – attended by high-ranking representatives from politics and business – sends a strong signal for the future of energy supply in Germany. 2024 was a record year for EIB support for the energy grid and this project shows how we are actively shaping Europe’s green future.”

    Hidden infrastructure – the backbone of the energy transition

    Investing in power grids is at the heart of the European energy transition. The massive expansion of renewable energy makes high-performance, flexible grids vital to adding new wind and solar power systems, switching to electrical power for heat and transport and ensuring secure, reliable supply for households and industry. Around 95% of the electricity fed into EWE’s power grid in Lower Saxony comes from renewable sources. The investments will enable an additional 3 gigawatts (GW) of renewable generation capacity to be connected by 2028, representing an important contribution to German and European climate targets.

    2024: A record year for EIB power grid investment

    2024 was a record year for EIB support for power-grid investment across Europe. As the EU climate bank, the EIB has a long track record of financing key energy infrastructure projects making decarbonisation, economic growth and energy-security possible. In recent years, the EIB has financed grid modernisation and expansion in Germany, France, Spain, Italy, Poland and many other EU Member States, laying the foundations for a sustainable, interconnected European energy market.

    Contributing to national and EU objectives

    EWE’s investment programme is fully aligned with Germany’s national energy and climate plan, which foresees an 80% share of renewable energy in electricity use by 2030. It also supports the REPowerEU initiative by expanding clean-energy integration, cutting emissions and strengthening energy supply. A total of 40% Sof the investments will go to cohesion regions, promoting economic and social cohesion.

    The EIB – a reliable partner for Europe’s energy transition

    The EIB’s long-term, flexible financing provides a stable basis on which EWE can implement its investment plans, diversifies sources of funding and sends a positive signal to capital markets. As an anchor investor, the EIB is mobilising additional public and private capital for critical infrastructure projects.

    Background information

    EIB

    The European Investment Bank is the world’s largest multilateral lender for climate action projects, supporting initiatives that promote sustainable growth, innovation and social cohesion in the European Union and beyond.

    EWE

    EWE AG is one of Germany’s leading energy and infrastructure companies, operating electricity, gas, water supply and telecommunications networks in Lower Saxony and beyond.

    EWE Electricity Grid Investments Germany

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    EWE Electricity Grid Investments Germany

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    EWE Electricity Grid Investments Germany

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    EWE Electricity Grid Investments Germany

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    How to finance sustainable housing

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    EWE Electricity Grid Investments Germany

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    EWE Electricity Grid Investments Germany

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    MIL OSI Europe News –

    July 1, 2025
  • MIL-OSI Europe: The EIB and the European Commission announce a more flexible guarantee of €5 billion to boost global investments

    Source: European Investment Bank

    On the 4th International Conference on Financing for Development, the European Investment Bank (EIB) and the European Commission announced today a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the European Union (EU). Today’s guarantee has the potential to unlock up to €10 billion in funding for critical projects in clean energy, green infrastructure and access to finance for Small and Medium Enterprises (SMEs) in partner countries.

    This new guarantee is designed to support an increased number of companies – companies with a state participation or public organisations – that operate at local or regional levels in partner countries outside of the EU. The novelty about today’s new guarantee is that it can also apply to entities that borrow money from financial markets on their own terms – without State backing. Whereas the previous guarantees used to support only State-backed projects. With today’s new type of guarantee agreement, it will be more flexible and faster to back up investments. Ultimately, the new guarantee will advance Global Gateway investments by financing projects of public interest that are considered too risky for traditional lenders while ensuring affordable borrowing costs for partner countries.

    The guarantee will support investments in energy, hard infrastructure, economic resilience and SMEs in the North of Africa and the Middle East. It will also help finance telecommunication and energy infrastructure projects and support municipalities in the EU’s enlargement and Eastern Neighbourhood regions, contributing strongly to the EU’s accession priorities. At the same time, the guarantee will enable for instance the development of the Transcaspian Corridor in Central Asia, enhance supply chain security for critical raw materials and advance the Global Gateway Investment Agenda in Latin America and the Caribbean.

    “Complementing policy with the right financing tools helps us boosting the economic potential of the Middle East and North Africa, which will be one of the pillars of the New Pact for the Mediterranean, and a fundamental one to foster job creation and mutual advantages for the EU and our partner countries. With this agreement, we are one step closer to a connected Mediterranean, especially when it comes to energy infrastructure and support to SMEs. We also aim at building a resilient Mediterranean region.”

    Dubravka Šuica, Commissioner for Mediterranean

    “This new agreement will build on our valued partnership with the European Investment Bank. It will unlock essential financial resources for investment in key areas such as energy, digital and municipal infrastructure. These sectors are crucial for the seamless integration of accession countries into the EU and for sustainable economic growth in our Eastern Neighbourhood region.”

    Marta Kos, Commissioner for Enlargement

    “This agreement is an important boost for the Global Gateway, our strategy to support sustainable development, strengthen EU’s presence globally and deepen our international partnerships. We are providing a €5 billion guarantee to unlock high-impact Global Gateway investments where they are needed the most, from clean energy and infrastructure to empowering small businesses. By de-risking investments, we are enabling large-scale projects that would not happen otherwise. This will help us create new long-term opportunities both for Europe and our partners.”

    Jozef Síkela, Commissioner for International Partnerships

    “This new agreement will help to position Europe as a trustworthy and reliable partner around the world. It expands the scope of our financing and strengthens the European Union’s ability to invest in high impact projects from basic services like water, health and clean energy to value chains in critical raw materials to support for accessible transport in cities and regions. “

    “This new agreement will help to position Europe as a trustworthy and reliable partner around the world. It expands the scope of our financing and strengthens the European Union’s ability to invest in high impact projects from basic services like water, health and clean energy to value chains in critical raw materials to support for accessible transport in cities and regions.”

    Nadia Calviño, President of the European Investment Bank

    Background information

    Global Gateway

    Global Gateway is the EU’s strategy to boost global connectivity through sustainable partnerships. Launched in December 2021, it seeks to mobilise up to €300 billion in public and private investments by 2027 to support projects in digital, climate and energy, transport, health, and education around the world. The strategy emphasises the advancement of smart, clean, and secure links while promoting environmental sustainability, social inclusiveness, and democratic values. Global Gateway serves as a European response to global infrastructure needs, offering transparent and value-based partnerships to foster economic growth worldwide.

    EFSD+

    The guarantee announced today falls under the European Fund for Sustainable Development Plus (EFSD+), a key financing tool for the Global Gateway. It is part of the €26.7 billion guarantee envelope to support EIB lending outside the EU for the period 2021-2027.

    EFSD+ is part of the European Union’s investment framework and is the main financial instrument supporting the EU’s Global Gateway strategy. EFSD+ guarantees act as a safety net for lenders, covering potential losses if projects fail. If projects succeed, the guarantee remains unused, keeping EU funds available for other projects. In blended finance operations the EU combines a small grant contribution with loans to attract additional public and private funding, maximising the impact of projects.

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world. Photos of EIB headquarters for media use are available here.

    MIL OSI Europe News –

    July 1, 2025
  • MIL-OSI NGOs: World Bank Group and IAEA Sign Partnership

    Source: International Atomic Energy Agency (IAEA) –

    The IAEA and The World Bank announced a partnership today to support the safe, secure and responsible use of nuclear energy in developing countries. 

    This partnership agreement, signed by IAEA Director General Rafael Mariano Grossi and World Bank Group President Ajay Banga, marks the World Bank Group’s first concrete step to reengage with nuclear power in decades. 

    Our organizations will work together in three key areas: 

     Expand the World Bank Group’s understanding of nuclear 

     Extend the lifespan of existing nuclear power plants 

     Accelerate the development of small modular reactors With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    MIL OSI NGO –

    July 1, 2025
  • MIL-OSI NGOs: World Bank Group and IAEA Sign Partnership

    Source: International Atomic Energy Agency (IAEA) –

    The IAEA and The World Bank announced a partnership today to support the safe, secure and responsible use of nuclear energy in developing countries. 

    This partnership agreement, signed by IAEA Director General Rafael Mariano Grossi and World Bank Group President Ajay Banga, marks the World Bank Group’s first concrete step to reengage with nuclear power in decades. 

    Our organizations will work together in three key areas: 

     Expand the World Bank Group’s understanding of nuclear 

     Extend the lifespan of existing nuclear power plants 

     Accelerate the development of small modular reactors With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    MIL OSI NGO –

    July 1, 2025
  • MIL-OSI United Nations: World Bank Group and IAEA Sign Partnership

    Source: International Atomic Energy Agency (IAEA)

    The IAEA and The World Bank announced a partnership today to support the safe, secure and responsible use of nuclear energy in developing countries. 

    This partnership agreement, signed by IAEA Director General Rafael Mariano Grossi and World Bank Group President Ajay Banga, marks the World Bank Group’s first concrete step to reengage with nuclear power in decades. 

    Our organizations will work together in three key areas: 

    ➡️ Expand the World Bank Group’s understanding of nuclear 

    ➡️ Extend the lifespan of existing nuclear power plants 

    ➡️ Accelerate the development of small modular reactors With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    With electricity demand in developing countries expected to more than double by 2030, this collaboration will support nuclear as part of a clean energy future.

    MIL OSI United Nations News –

    July 1, 2025
  • MIL-OSI: Barclays Bank PLC: Launch of accelerated placing of shares in InPost

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 30, 2025 (GLOBE NEWSWIRE) —

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

    PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. 

    30 June 2025

    AI Prime & Cy S.C.A. announces the launch of an accelerated placing of shares in InPost S.A.

    AI Prime & Cy S.C.A. (“AI Prime”), an Advent International company, has launched an accelerated placing (the “Placing”) of c. 17.5 million ordinary shares of InPost S.A. (the “Company”) representing c. 3.5% of the Company’s existing share capital.

    The Placing is addressed to certain eligible institutional investors only, with final terms to be determined through an accelerated bookbuilding process.

    The books for the Placing will open with immediate effect. Pricing and allocations are expected to be announced as soon as practicable following the closing of the books.

    As part of the transaction, remaining shares in the Company held by AI Prime will be subject to a 60 day lock up period from the Placing settlement date, subject to customary exemptions.

    Barclays Bank PLC is acting as Sole Global Co-ordinator and Bookrunner on the Placing.

    The Company will not receive any proceeds from the Placing.

    IMPORTANT NOTICE

    THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM UNITED STATES REGISTRATION REQUIREMENTS. NO PUBLIC OFFER OF SECURITIES IS TO BE MADE IN THE UNITED STATES AND NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, SOUTH AFRICA OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, CANADIAN, SOUTH AFRICAN OR JAPANESE SECURITIES LAWS.

    THIS ANNOUNCEMENT AND ANY OFFER OF SHARES PURSUANT TO THE PLACING (“PLACING SHARES“) IF MADE SUBSEQUENTLY ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS (1) IN THE EEA WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 (THE “PROSPECTUS REGULATION“) AND (2) IN THE UNITED KINGDOM, WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS REGULATION AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “ORDER“) OR ARE HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS BEING REFERRED TO AS “RELEVANT PERSONS“). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT TAKE ANY ACTION ON THE BASIS OF THIS ANNOUNCEMENT AND SHOULD NOT ACT OR RELY ON IT.

    THE SECURITIES REFERRED TO HEREIN WILL BE OFFERED (I) WITHIN THE UNITED STATES ONLY TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT“) PURSUANT TO AN EXEMPTION FROM, OR IN TRANSACTIONS NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND (II) OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT, IN EACH CASE SUBJECT TO PREVAILING MARKET AND OTHER CONDITIONS. THERE IS NO ASSURANCE THAT THE PLACING WILL BE COMPLETED, OR IF COMPLETED, AS TO THE TERMS ON WHICH IT IS COMPLETED. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR UNLESS PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NEITHER THIS DOCUMENT NOR THE INFORMATION CONTAINED HEREIN CONSTITUTES OR FORMS PART OF AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN THE UNITED STATES. THERE WILL BE NO PUBLIC OFFER OF ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

    THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES CONSTITUTE A PUBLIC OFFERING, NOR AN OFFER TO SELL OR TO SUBSCRIBE, NOR A SOLICITATION TO OFFER TO PURCHASE OR TO SUBSCRIBE SECURITIES IN ANY JURISDICTION. THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY AI PRIME, BARCLAYS BANK PLC (THE “GLOBAL CO-ORDINATOR“) OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD, OR WHICH IS INTENDED TO, PERMIT A PUBLIC OFFER OF THE SECURITIES IN ANY JURISDICTION OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE SECURITIES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY AI PRIME AND THE GLOBAL CO-ORDINATOR TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY APPLICABLE RESTRICTIONS.

    NO PROSPECTUS OR OFFERING DOCUMENT HAS BEEN OR WILL BE PREPARED IN CONNECTION WITH THE PLACING. ANY INVESTMENT DECISION IN CONNECTION WITH THE PLACING MUST BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION RELATING TO THE COMPANY AND ITS SHARES. SUCH INFORMATION HAS NOT BEEN INDEPENDENTLY VERIFIED AND AI PRIME AND THE GLOBAL CO-ORDINATOR ARE NOT RESPONSIBLE, AND EXPRESSLY DISCLAIM ANY LIABILITY, FOR SUCH INFORMATION. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ON ITS ACCURACY OR COMPLETENESS.

    IN CONNECTION WITH THE PLACING, THE GLOBAL CO-ORDINATOR OR ANY OF ITS AFFILIATES MAY TAKE UP A PORTION OF THE PLACING SHARES AS A PRINCIPAL POSITION AND IN THAT CAPACITY MAY RETAIN, PURCHASE, SELL OR OFFER TO SELL FOR ITS OWN ACCOUNT SUCH PLACING SHARES AND OTHER SECURITIES OF THE COMPANY OR RELATED INVESTMENTS IN CONNECTION WITH THE PLACING OR OTHERWISE. ACCORDINGLY, REFERENCES TO THE PLACING SHARES BEING OFFERED, ACQUIRED, PLACED OR OTHERWISE DEALT IN SHOULD BE READ AS INCLUDING ANY OFFER TO, OR ACQUISITION, PLACING OR DEALING BY THE GLOBAL CO-ORDINATOR AND ANY OF ITS AFFILIATES ACTING AS INVESTORS FOR THEIR OWN ACCOUNTS. THE GLOBAL CO-ORDINATOR DOES NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATIONS TO DO SO.

    THIS ANNOUNCEMENT DOES NOT PURPORT TO IDENTIFY OR SUGGEST THE RISKS (DIRECT OR INDIRECT) WHICH MAY BE ASSOCIATED WITH AN INVESTMENT IN THE COMPANY OR ITS SHARES.

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING THE PLACING. THE PRICE AND VALUE OF SECURITIES AND ANY INCOME FROM THEM CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. ACQUIRING PLACING SHARES TO WHICH THIS ANNOUNCEMENT RELATES MAY EXPOSE AN INVESTOR TO A SIGNIFICANT RISK OF LOSING ALL OF THE AMOUNT INVESTED. POTENTIAL INVESTORS SHOULD CONSULT A PROFESSIONAL ADVISOR AS TO THE SUITABILITY OF THE PLACING FOR THE ENTITY OR PERSON CONCERNED. THIS ANNOUNCEMENT DOES NOT REPRESENT THE ANNOUNCEMENT OF A DEFINITIVE AGREEMENT TO PROCEED WITH THE PLACING AND, ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT THE PLACING WILL PROCEED. AI PRIME RESERVES THE RIGHT NOT TO PROCEED WITH THE PLACING OR TO VARY THE TERMS OF THE PLACING IN ANY WAY.

    BARCLAYS BANK PLC IS AUTHORISED IN THE UNITED KINGDOM BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY.  THE GLOBAL CO-ORDINATOR IS ACTING FOR AI PRIME AND NO-ONE ELSE IN CONNECTION WITH THE PLACING. NEITHER THE GLOBAL CO-ORDINATOR NOR ANY OF ITS AFFILIATES, NOR THEIR RESPECTIVE PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS WILL REGARD ANY OTHER PERSON AS A CLIENT IN CONNECTION WITH THE PLACING AND THEY WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN AI PRIME FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR RESPECTIVE CLIENTS OR FOR PROVIDING ADVICE IN CONNECTION WITH THE PLACING DESCRIBED IN THIS ANNOUNCEMENT OR FOR ANY OTHER MATTERS REFERRED TO HEREIN.

    CERTAIN FIGURES CONTAINED IN THIS ANNOUNCEMENT HAVE BEEN SUBJECT TO ROUNDING ADJUSTMENTS. ACCORDINGLY, IN CERTAIN INSTANCES, THE SUM OR PERCENTAGE CHANGE OF THE NUMBERS CONTAINED IN THIS ANNOUNCEMENT MAY NOT CONFORM EXACTLY WITH THE TOTAL FIGURE GIVEN.

    THIS ANNOUNCEMENT INCLUDES STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE TERMS “INTENDS”, “EXPECTS”, “WILL”, OR “MAY”, OR, IN EACH CASE, THEIR NEGATIVE OR OTHER VARIATIONS OR COMPARABLE TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS AND INCLUDE STATEMENTS REGARDING INTENTIONS, BELIEFS OR CURRENT EXPECTATIONS. NO ASSURANCES CAN BE GIVEN THAT THE FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT WILL BE REALISED. AS A RESULT, NO UNDUE RELIANCE SHOULD BE PLACED ON THESE FORWARD-LOOKING STATEMENTS AS A PREDICTION OF ACTUAL EVENTS OR OTHERWISE.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Barclays Bank PLC: Launch of accelerated placing of shares in InPost

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 30, 2025 (GLOBE NEWSWIRE) —

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

    PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. 

    30 June 2025

    AI Prime & Cy S.C.A. announces the launch of an accelerated placing of shares in InPost S.A.

    AI Prime & Cy S.C.A. (“AI Prime”), an Advent International company, has launched an accelerated placing (the “Placing”) of c. 17.5 million ordinary shares of InPost S.A. (the “Company”) representing c. 3.5% of the Company’s existing share capital.

    The Placing is addressed to certain eligible institutional investors only, with final terms to be determined through an accelerated bookbuilding process.

    The books for the Placing will open with immediate effect. Pricing and allocations are expected to be announced as soon as practicable following the closing of the books.

    As part of the transaction, remaining shares in the Company held by AI Prime will be subject to a 60 day lock up period from the Placing settlement date, subject to customary exemptions.

    Barclays Bank PLC is acting as Sole Global Co-ordinator and Bookrunner on the Placing.

    The Company will not receive any proceeds from the Placing.

    IMPORTANT NOTICE

    THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM UNITED STATES REGISTRATION REQUIREMENTS. NO PUBLIC OFFER OF SECURITIES IS TO BE MADE IN THE UNITED STATES AND NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, SOUTH AFRICA OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, CANADIAN, SOUTH AFRICAN OR JAPANESE SECURITIES LAWS.

    THIS ANNOUNCEMENT AND ANY OFFER OF SHARES PURSUANT TO THE PLACING (“PLACING SHARES“) IF MADE SUBSEQUENTLY ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS (1) IN THE EEA WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 (THE “PROSPECTUS REGULATION“) AND (2) IN THE UNITED KINGDOM, WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS REGULATION AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “ORDER“) OR ARE HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS BEING REFERRED TO AS “RELEVANT PERSONS“). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT TAKE ANY ACTION ON THE BASIS OF THIS ANNOUNCEMENT AND SHOULD NOT ACT OR RELY ON IT.

    THE SECURITIES REFERRED TO HEREIN WILL BE OFFERED (I) WITHIN THE UNITED STATES ONLY TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT“) PURSUANT TO AN EXEMPTION FROM, OR IN TRANSACTIONS NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND (II) OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT, IN EACH CASE SUBJECT TO PREVAILING MARKET AND OTHER CONDITIONS. THERE IS NO ASSURANCE THAT THE PLACING WILL BE COMPLETED, OR IF COMPLETED, AS TO THE TERMS ON WHICH IT IS COMPLETED. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR UNLESS PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NEITHER THIS DOCUMENT NOR THE INFORMATION CONTAINED HEREIN CONSTITUTES OR FORMS PART OF AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN THE UNITED STATES. THERE WILL BE NO PUBLIC OFFER OF ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

    THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES CONSTITUTE A PUBLIC OFFERING, NOR AN OFFER TO SELL OR TO SUBSCRIBE, NOR A SOLICITATION TO OFFER TO PURCHASE OR TO SUBSCRIBE SECURITIES IN ANY JURISDICTION. THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY AI PRIME, BARCLAYS BANK PLC (THE “GLOBAL CO-ORDINATOR“) OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD, OR WHICH IS INTENDED TO, PERMIT A PUBLIC OFFER OF THE SECURITIES IN ANY JURISDICTION OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE SECURITIES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY AI PRIME AND THE GLOBAL CO-ORDINATOR TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY APPLICABLE RESTRICTIONS.

    NO PROSPECTUS OR OFFERING DOCUMENT HAS BEEN OR WILL BE PREPARED IN CONNECTION WITH THE PLACING. ANY INVESTMENT DECISION IN CONNECTION WITH THE PLACING MUST BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION RELATING TO THE COMPANY AND ITS SHARES. SUCH INFORMATION HAS NOT BEEN INDEPENDENTLY VERIFIED AND AI PRIME AND THE GLOBAL CO-ORDINATOR ARE NOT RESPONSIBLE, AND EXPRESSLY DISCLAIM ANY LIABILITY, FOR SUCH INFORMATION. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ON ITS ACCURACY OR COMPLETENESS.

    IN CONNECTION WITH THE PLACING, THE GLOBAL CO-ORDINATOR OR ANY OF ITS AFFILIATES MAY TAKE UP A PORTION OF THE PLACING SHARES AS A PRINCIPAL POSITION AND IN THAT CAPACITY MAY RETAIN, PURCHASE, SELL OR OFFER TO SELL FOR ITS OWN ACCOUNT SUCH PLACING SHARES AND OTHER SECURITIES OF THE COMPANY OR RELATED INVESTMENTS IN CONNECTION WITH THE PLACING OR OTHERWISE. ACCORDINGLY, REFERENCES TO THE PLACING SHARES BEING OFFERED, ACQUIRED, PLACED OR OTHERWISE DEALT IN SHOULD BE READ AS INCLUDING ANY OFFER TO, OR ACQUISITION, PLACING OR DEALING BY THE GLOBAL CO-ORDINATOR AND ANY OF ITS AFFILIATES ACTING AS INVESTORS FOR THEIR OWN ACCOUNTS. THE GLOBAL CO-ORDINATOR DOES NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATIONS TO DO SO.

    THIS ANNOUNCEMENT DOES NOT PURPORT TO IDENTIFY OR SUGGEST THE RISKS (DIRECT OR INDIRECT) WHICH MAY BE ASSOCIATED WITH AN INVESTMENT IN THE COMPANY OR ITS SHARES.

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING THE PLACING. THE PRICE AND VALUE OF SECURITIES AND ANY INCOME FROM THEM CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. ACQUIRING PLACING SHARES TO WHICH THIS ANNOUNCEMENT RELATES MAY EXPOSE AN INVESTOR TO A SIGNIFICANT RISK OF LOSING ALL OF THE AMOUNT INVESTED. POTENTIAL INVESTORS SHOULD CONSULT A PROFESSIONAL ADVISOR AS TO THE SUITABILITY OF THE PLACING FOR THE ENTITY OR PERSON CONCERNED. THIS ANNOUNCEMENT DOES NOT REPRESENT THE ANNOUNCEMENT OF A DEFINITIVE AGREEMENT TO PROCEED WITH THE PLACING AND, ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT THE PLACING WILL PROCEED. AI PRIME RESERVES THE RIGHT NOT TO PROCEED WITH THE PLACING OR TO VARY THE TERMS OF THE PLACING IN ANY WAY.

    BARCLAYS BANK PLC IS AUTHORISED IN THE UNITED KINGDOM BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY.  THE GLOBAL CO-ORDINATOR IS ACTING FOR AI PRIME AND NO-ONE ELSE IN CONNECTION WITH THE PLACING. NEITHER THE GLOBAL CO-ORDINATOR NOR ANY OF ITS AFFILIATES, NOR THEIR RESPECTIVE PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS WILL REGARD ANY OTHER PERSON AS A CLIENT IN CONNECTION WITH THE PLACING AND THEY WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN AI PRIME FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR RESPECTIVE CLIENTS OR FOR PROVIDING ADVICE IN CONNECTION WITH THE PLACING DESCRIBED IN THIS ANNOUNCEMENT OR FOR ANY OTHER MATTERS REFERRED TO HEREIN.

    CERTAIN FIGURES CONTAINED IN THIS ANNOUNCEMENT HAVE BEEN SUBJECT TO ROUNDING ADJUSTMENTS. ACCORDINGLY, IN CERTAIN INSTANCES, THE SUM OR PERCENTAGE CHANGE OF THE NUMBERS CONTAINED IN THIS ANNOUNCEMENT MAY NOT CONFORM EXACTLY WITH THE TOTAL FIGURE GIVEN.

    THIS ANNOUNCEMENT INCLUDES STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE TERMS “INTENDS”, “EXPECTS”, “WILL”, OR “MAY”, OR, IN EACH CASE, THEIR NEGATIVE OR OTHER VARIATIONS OR COMPARABLE TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS AND INCLUDE STATEMENTS REGARDING INTENTIONS, BELIEFS OR CURRENT EXPECTATIONS. NO ASSURANCES CAN BE GIVEN THAT THE FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT WILL BE REALISED. AS A RESULT, NO UNDUE RELIANCE SHOULD BE PLACED ON THESE FORWARD-LOOKING STATEMENTS AS A PREDICTION OF ACTUAL EVENTS OR OTHERWISE.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

    July 1, 2025
  • MIL-OSI Banking: Microsoft Flight Simulator: City Update 11 spotlights US Northeast states

    Source: Microsoft

    Headline: Microsoft Flight Simulator: City Update 11 spotlights US Northeast states

    Explore the Northeastern United States in exquisite visual fidelity with this latest release.

    Launched in celebration of FlightSimExpo 2025, held in Providence, Rhode Island in late June, City Update 11: Northeastern United States highlights several areas of interest (AOIs) across four northeastern U.S. states: Massachusetts, New Jersey, New York, and Rhode Island. This update comprises a spectacular mix of locations throughout this storied region of the United States, including portions of New England, one of the most important heritage areas in the nation. Microsoft and partners created each AOI using recent high-resolution aerial and satellite imagery, digital elevation models (DEMs), and TIN (triangulated irregular network) surface texturing. City Update 11 invites exploration throughout the sights of this historically renowned part of America, where each flight is filled with expansive vistas and intriguing landmarks.

    Areas of Interest included, by state: 

    Massachusetts

    Boston: The capital of and most populous city in the state of Massachusetts, Boston serves as the primary cultural, financial, and logistical hub of the New England region. Founded in 1630, Boston is one of the oldest cities in the United States and is one of the most renowned of the country’s heritage sites, notably due to its role in the American Revolution.

    Plymouth: The Mayflower Pilgrims landed at Plymouth in 1620, making it one of the most important historical sites in the United States. Called “America’s Hometown,” Plymouth is located 40 miles south of Boston and is the oldest settlement in New England.

    New Jersey

    Northeastern New Jersey: Cities include Newark, Hackensack, and Paterson, all of which are members of the greater New York metropolitan area. Newark, one of the oldest cities in the United States, is renowned for its contribution to the industrial development of the country and as a modern transportation hub. Hackensack is known for its historical importance during the American Revolution where George Washington established a headquarters. Paterson became a key location in the Industrial Revolution due to the energy supplied by the Great Falls of the Passaic River, around which the city was initially constructed.

    Central Jersey: This AOI focuses on cities in the eastern portion of Central Jersey, including Elizabeth, New Brunswick, and Edison. Elizabeth was the first capital of New Jersey and is one of the state’s oldest cities. New Brunswick played an important role in the American Revolution and is an important university center. Edison (originally called Raritan Township) was named after famed American inventor Thomas Edison who established his research laboratory in the area and created several important innovations, including the incandescent light bulb and the phonograph.

    New York

    Brooklyn: Located on the western end of Long Island, Brooklyn is the most populous of the five boroughs of New York City. It lies just south of the borough of Queens and is connected to the borough of Manhattan by one tunnel and three bridges that span the East River. Brooklyn offers some of the most stunning views in all of New York City, notably of the Brooklyn Bridge, the East River, and lower Manhattan.

    Manhattan: Manhattan is one of the most renowned urban centers in the world. The smallest borough by area of the five boroughs that compose New York City, Manhattan is often cited as the capital of several global industries, including finance, media, and entertainment. Known for its iconic architecture, Manhattan is home to the tallest building in both the United States and the Western Hemisphere, One World Trade Center (1,776 feet tall), and the second tallest in the Nation and the Western Hemisphere, Central Park Tower (1,550 feet tall).

    Long Island’s East End: One of the most beautiful areas in the northeastern United States, Long Island’s East End is renowned for its pastoral landscapes, historic villages, colonial architecture, and maritime vistas. The update includes Southampton, one of the core towns of the well-known Hamptons resort area, and Montauk, the easternmost point in New York State and home to the spectacular Montauk Point Lighthouse.

    Rhode Island

    The update’s Rhode Island AOI covers all major cities in the state, including Providence, Cranston, and Warwick. Providence, established in 1636, is the capital and most populous city in the state. Providence, along with the cities of Cranston and Warwick to its south, are located along the mouth of the Providence River at the northern extremity of Narragansett Bay, which opens to the Atlantic Ocean.

    City Update 11: Northeastern United States is available FREE to all owners of Microsoft Flight Simulator. Ensure that you have the latest simulator version installed (1.38.2.0 for MSFS2020 / 1.3.23.0 for MSFS2024 / 1.3.25.0 for MSFS2024 on Windows PC – Steam as of 06/27/2025), download City Update 11, and take to the skies above the Northeastern United States!

    Microsoft Flight Simulator is available for Xbox Series X|S and PC with Xbox Game Pass, PC Game Pass, Windows, and Steam, and on Xbox One and supported mobile phones, tablets, and lower-spec PCs via Xbox Cloud Gaming. For the latest information on Microsoft Flight Simulator, stay tuned to @MSFSOfficial on Twitter. 

     

    MIL OSI Global Banks –

    July 1, 2025
  • MIL-OSI Banking: Copilot Vision on mobile now available

    Source: Microsoft

    Headline: Copilot Vision on mobile now available

    Welcome to Microsoft’s Copilot Release Notes. Here we’ll provide regular updates on what’s happening with Copilot, from new features to firmware updates and more. Copilot Vision on mobile now available for free in the US Copilot Vision is now available to try for free in the US on iOS and Android devices. Vision will also be rolling out to all users worldwide in the coming weeks. With Copilot Vision, you can use

    Welcome to Microsoft’s Copilot Release Notes. Here we’ll provide regular updates on what’s happening with Copilot, from new features to firmware updates and more.

    Copilot Vision on mobile now available for free in the US

    Copilot Vision is now available to try for free in the US on iOS and Android devices. Vision will also be rolling out to all users worldwide in the coming weeks. With Copilot Vision, you can use your phone’s camera to show Copilot what you’re seeing—and get real-time help, guidance, or conversation, just like you would with a friend. 

    Whether you’re: 

    • Exploring a new city 
    • Rearranging your living room decor 
    • Navigating a confusing airport terminal 
    • Trying to identify a strange object 
    • Or just asking, “Does this setup look right?” 

    Please note that you must be signed in to Copilot with a Microsoft account (MSA) to use the Vision features on your Copilot mobile app.  

    Copilot Vision on Windows is here 

    We’re also excited to share that Copilot Vision on Windows is now available in the US and coming to more non-European countries by mid-July. When enabled, Copilot can see what you see on your screen and offer helpful, voice-guided support—whether you’re working across apps, browsing the web, or navigating a tricky task. 

    Need help finding an app? Want tips while editing a photo? Trying to understand a form or complete a task in a new tool? Copilot Vision can follow along, offer insights, and even highlight exactly where to click with Highlights, all while you stay in control. 

    Copilot Vision is fully opt-in and only activates when you choose to turn it on. You can start or stop sharing at any time with a single click.  

    Learn more in the official blog post.

    Deep Research now in the Copilot app on Windows 

    Copilot Pro users can now access Deep Research directly from the Copilot app on Windows, the mobile app, and on Copilot.com. This powerful feature helps you tackle complex, multi-step research tasks by finding, analyzing, and synthesizing information from across the web, potentially saving you hours of work in the process. 

    Copilot Actions expands to more countries 

    Copilot Actions, our new feature that lets Copilot complete web tasks on your behalf (like booking hotels, placing shopping orders, or making dinner reservations), is now available to Copilot Pro users in the US, along with the following additional countries: 

    • Australia  
    • Canada  
    • Great Britain  
    • India  
    • New Zealand  
    • South Africa  

    Copilot Actions is available on Copilot.com on Windows and Mac. To get started, Pro users can open the dropdown menu in the Copilot composer and select Actions. Visit Copilot.com/Labs to learn more. 

    Cryptocurrency Finance Cards are now live 

    We’ve expanded our Copilot Cards collection with a new category: Cryptocurrency. These interactive cards are now fully rolled out across Copilot.com and bring real-time insights to your crypto-related questions. Here’s what’s new: 

    • Interactive Charts: Real-time 24-hour data, just like our current finance cards. 
    • Detailed Dashboards: View performance summaries, related news, and other trending cryptocurrencies. 
    • Expanded Support: Now covers over 100 of the most popular global cryptocurrencies. 
    • Local Currency Support: Ask for prices in your local currency such as “Bitcoin in CAD” or “Solana in INR.” 

    This update builds on the cards we recently introduced for Sports, Videos, Weather, and Stocks, giving you quick, visual answers across a growing range of topics. Crypto cards are available on web, with mobile and Windows support rolling out in the coming weeks. 

    MIL OSI Global Banks –

    July 1, 2025
  • MIL-OSI Banking: Excited to share two advances that bring us closer to real-world impact in healthcare AI: …Together, these advances offer a blueprint for how AI can help deliver precision and efficiency in healthcare, and we’re looking forward to working with healthcare partners and the entire ecosystem on these advances making a difference.

    Source: Microsoft

    Headline: Excited to share two advances that bring us closer to real-world impact in healthcare AI: …Together, these advances offer a blueprint for how AI can help deliver precision and efficiency in healthcare, and we’re looking forward to working with healthcare partners and the entire ecosystem on these advances making a difference.

    Excited to share two advances that bring us closer to real-world impact in healthcare AI: SDBench introduces a new benchmark that transforms 304 NEJM cases into interactive diagnostic simulations. AI must ask questions, order tests, and weigh costs, mirroring the complexity of real clinical decision-making. MAI-DxO is a model-agnostic orchestrator that simulates a panel of virtual physicians. It achieves 85.5% diagnostic accuracy—four times that of experienced doctors—while cutting diagnostic costs. Together, these advances offer a blueprint for how AI can help deliver precision and efficiency in healthcare, and we’re looking forward to working with healthcare partners and the entire ecosystem on these advances making a difference. https://lnkd.in/gd5nd4qF

    MIL OSI Global Banks –

    July 1, 2025
  • MIL-OSI United Nations: Mobilize Resources, Fix Global Debt System, Increase Developing World’s Role in Global Financial Institutions, Secretary-General Urges as Sevilla Conference Opens

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the opening of the fourth Financing for Development Conference, in Sevilla, Spain, today:

    I thank the Government and people of Spain for welcoming us to Sevilla for this important conference.

    For decades, the mission of sustainable development has united countries large and small, developed and developing. Together, we achieved progress:  reducing global poverty and hunger; saving lives with stronger healthcare systems; getting more children into school; expanding opportunities for women and girls; and strengthening social safety nets.

    But, today, development and its great enabler — international cooperation — are facing massive headwinds. We are living in a world where trust is fraying and multilateralism is strained.  A world with a slowing economy, rising trade tensions and decimated aid budgets.  A world shaken by inequalities, climate chaos and raging conflicts.

    The link between peace and development is clear.  Nine of the 10 countries with the lowest Human Development Indicators are currently in a state of conflict.

    Financing is the engine of development. And right now, this engine is sputtering.  As we meet, the 2030 Agenda for Sustainable Development — our global promise to transform our world for a better, fairer future — is in danger.  Two thirds of the Sustainable Development Goals targets are lagging.  Achieving them requires an investment of more than $4 trillion a year.

    But, this is not just a crisis of numbers.  It’s a crisis of people.  Of families going hungry.  Of children going unvaccinated.  Of girls forced to drop out of school.

    We are here in Sevilla to change course; to repair and rev up the engine of development to accelerate investment at the scale and speed required; and to restore a measure of fairness and justice for all.

    The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.  I see three areas of action.

    First — we must get resources flowing.  Fast.  Countries must lead by mobilizing domestic resources and investing in areas of greatest impact:  schools, healthcare, social protection, decent work and renewable energy.

    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.  And helping developing countries dedicate a greater share of their tax revenues to the systems people need.

    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization to support this.  Multilateral and national development banks must unite to finance major investments.

    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling special drawing rights that can unlock lending capacity and help developing countries boost investment.

    We also need innovative funding solutions to unlock private capital.  Solutions that mitigate currency risks; that combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and private sectors; And that ensure financial regulations assess risk appropriately and support investments in frontier markets.

    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.  With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.

    The Sevilla Commitment lays the groundwork, with other aspects, by also creating a single debt registry for transparency, and promoting responsible lending and borrowing; by lowering the cost of capital through debt swaps and debt management support; and through debt-service pauses in times of emergency 

    And third — we must increase the participation of developing countries in the institutions of the global financial architecture.  The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world.

    A new borrowers forum will give voice to borrowers for fairer debt resolution and can foster transparency, shared learning and coordinated debt action.  And we need a fairer global tax system shaped by all, not just a few.

    This conference is not about charity. It’s about restoring justice and lives of dignity.  This conference is not about money.  It’s about investing in the future we want to build, together.  Thank you all for being part of this important and ambitious effort.

    MIL OSI United Nations News –

    July 1, 2025
  • MIL-OSI Economics: The Central Bank of Iceland expands its liquidity window

    Source: Central Bank of Iceland

    In January 2022, the Central Bank of Iceland opened a liquidity window for deposit taking institutions in case they experienced an unexpected, temporary need for short-term liquidity. In reviewing its policy instruments, the Bank has now decided to expand this liquidity facility, enabling these institutions to use it to cover temporary fluctuations in their liquidity ratios.

    MIL OSI Economics –

    July 1, 2025
  • MIL-OSI USA: Governor Kehoe Announces Twelve Appointments to Various Boards and Commissions

    Source: US State of Missouri

    JUNE 27, 2025

    Jefferson City — Today, Governor Mike Kehoe announced twelve appointments to various boards and commissions.

    Casey Burton, Ph.D., of St. James, was appointed to the State Board of Health and Senior Services.

    Mr. Burton is the executive director of research and governmental affairs at Phelps Health in Rolla, Missouri. He also serves as an adjunct assistant professor of chemistry at the Missouri University of Science and Technology (Missouri S&T) where he develops and leads sponsored research involving noninvasive disease detection and characterization. Burton also serves on the boards of the Ozark Biomedical Initiative, Missouri Ozarks Community Action, Inc., Phelps County Community Resource Center, and more. Burton earned his doctorate in analytical chemistry and bachelor’s in chemistry from Missouri S&T.

    James Carter Jr., of St. Charles, was appointed to the Missouri Commission for the Deaf and Hard of Hearing.

    Mr. Carter currently serves as an Advanced American Sign Language (ASL) Interpreter and is certified and licensed by the Board of Evaluation of Interpreters in both Illinois and Missouri. In addition to his professional responsibilities, Carter is a member of the World Association of Sign Language Interpreters (WASL), World Federation of the Deaf (WFD), and Deaf in Government (DIG). He holds a Bachelor of Arts in Biblical Studies from Lincoln Christian University.

    Earl Crawford, of Excelsior Springs, was reappointed to the Governor’s Council on Disability.

    Mr. Crawford currently serves as executive director at Missouri Inclusive Housing Development Corporation. He has previous experience as a special education teacher, superintendent of a rehabilitation center, and an education consultant, among other positions. In addition to his professional experience, Crawford has served on the Marshall Parks and Recreation Board, Marshall School Board, Marshall Chamber of Commerce, Missouri Valley College Board of Trustees, and Midland Empire Resources of Independent Living (MERIL), as well as vice president of the Marshall Chamber of Commerce. He holds a Master of Special Education from the University of Central Missouri.

    Betty Davidson, Ph.D., of St. Louis, was reappointed to the Governor’s Council on Disability.

    Ms. Davidson is a retired educational professional and expert in disability studies and inclusive practices. She previously served as the director of visually or orthopedically impaired students at the Special School District of St. Louis County. She also  serves as the chair of the Association for Education and Rehabilitation of the Blind and Visually Impaired (AER), the president of Inclusivity Media, the vice president of the St. Clare Hospital Auxiliary for SSM Health, and more. Dr. Davidson earned a doctorate in higher education from Saint Louis University, a master’s in special education from the University of Missouri–St. Louis, and her bachelor’s degree from Harris-Stowe State College. 

    Aaron Durso, of Taneyville, was appointed to the Governor’s Council on Disability.

    Mr. Durso currently serves as Bull Creek Village Clerk. He has previous experience as burough manager and the municipal authority manager in Birdsboro, Pennsylvania, and Senior Pastor at LOVE Christian Fellowship. A disabled veteran of the United States Air Force, Durso was honorably discharged in 1993. He holds a Doctor of Ministry from Newburg Theological Seminary, Master of Ministry at Chesapeake Theological Seminary, and Bachelor of Religious Education at the University of Valley Forge.

    Ronald Hack, of Sunset Hills, was reappointed to the Governor’s Council on Disability.

    Mr. Hack is a retired lawyer, formerly serving as a partner at Evans & Dixon, LLC and Gallop Johnson & Neuman, L.C. He has been an active community volunteer for more than 30 years, currently serving on the boards of the Sunset Hills Conservation Foundation and the Southwest Area Chamber of Commerce. Hack earned his Juris Doctor from the University of Missouri School of Law and his Bachelor of Arts from Westminster College.

    Katie Jones, of St. Peters, was reappointed to the Governor’s Council on Disability.

    Ms. Jones is the chief program officer for Boone Center Inc. (BCI). She previously worked as supervisor for Cardinal Ritter Senior Services and a case manager for the Child Abuse and Neglect Unit for the Division of Family Services. In addition to her professional career, Jones is also a member of the Missouri Association of County Developmental Disabilities Services, Missouri Association of Sheltered Workshop Managers, and the Legislative Committee of St. Charles Coalition. Jones earned her Bachelor of Science in Social Work and Sociology from Lindenwood University.

    Jennifer Meyer, of O’Fallon, was appointed to the Governor’s Council on Disability.

    Ms. Meyer currently serves as principal at J. Meyer Strategies. She has previous experience as director of field operations for Congressman Blaine Luetkemeyer and district field director for Senator Roy Blunt. In addition to her professional experience, Ms. Meyer serves as an executive board member for both the Freedom 13 and the North County Police Business Association. She holds a bachelor’s degree in political science from the University of Missouri – St. Louis.

    Susan Orton, of St. Louis, was reappointed to the Governor’s Council on Disability.

    Ms. Orton currently serves as a realtor and sales associate with Coldwell Banker Realty – Gundaker. In addition to her professional responsibilities, she is a member of the St. Louis Realtors Association, Member Inclusion Advisory Committee, and Brain Injury Association of Missouri. Orton is a graduate of Towson High School.

    Paul Ogier, of Chesterfield, was appointed to the Health and Educational Facilities Authority of the State of Missouri.

    Mr. Ogier is a retired certified public accountant (CPA), providing limited consulting services to not-for-profits in the senior housing industry. He also serves as the chief financial officer for the Carmelite Sisters of the Divine Heart of Jesus in a part-time capacity. Ogier is an active member of his community, previously serving on the board of the Leading Age Missouri, Missouri Health Care Association, and the Treasurer of the Nursing Facilities Agent Corporation. Ogier earned his bachelor’s degree from the Missouri State University.

    Jill Wedemeier, of Leopold, was reappointed to the Child Abuse and Neglect Review Board.

    Ms. Wedemeier is a judicial assistant and law clerk for the United States District Court for the Eastern District of Missouri. She previously served as the Cape Girardeau assistant prosecuting attorney. She is an active member of the Southeast Missouri Network Against Sexual Violence board, and the Leopold R-III School District Foundation. Wedemeier earned her Juris Doctor from the University of Tennessee College of Law and a Bachelor of Science in Mass Communication from Southeast Missouri State University.

    Claire West, of Jefferson City, was reappointed to the Missouri Local Government Employees Retirement System (LAGERS) Board of Trustees.

    Prior to her retirement, Ms. West owned and operated Claire West Consulting LLC, a retirement consulting firm. She has previous experience as executive director of the Joint Committee on Public Employee Retirement. Additionally, West served on the board of the Missouri Association of Public Employee Retirement Plans from 2000 to 2007. She holds an associate’s degree in business from Columbia College.

    ###

    MIL OSI USA News –

    July 1, 2025
  • MIL-OSI Russia: Financial news: Clarifications on issues of credit institutions related to blocked assets

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    Updated: 30.06.2025.

    Bank of Russia Instruction No. 6379-U of 23.03.2023 “On the procedure for reflecting certain assets and liabilities in foreign currency in accounting accounts by credit institutions under restrictive measures” (hereinafter referred to as Instruction No. 6379-U) establishes the specifics of reflecting non-refundable blocked assets denominated in foreign currency in accounting accounts: these assets are recorded in rubles without reflecting currency revaluation. At the same time, Instruction No. 6379-U does not provide for any other exceptions from the general methodological principles of reflecting financial assets in accounting.

    Due to the requirements of the Bank of Russia’s accounting regulations, when applying them, credit institutions are guided by International Financial Reporting Standards (hereinafter referred to as IFRS). Thus, the estimated reserve for expected credit losses on financial assets is reflected by credit institutions in accounting in accordance with paragraph 5.5.1 of IFRS 9 “Financial Instruments” (hereinafter referred to as IFRS 9), and the method for assessing expected credit losses is determined in accordance with paragraph 5.5.17 of IFRS 9.

    It is important to note that the principles of IFRS 9 do not provide for any specifics regarding assets that are non-current assets for Russian credit institutions, including the fact that the definition of a credit-impaired financial asset does not contain any circumstances due to which a blocked asset is recognized as non-current assets.

    In their economic essence, NZA are losses of the CI, which, due to the relaxation introduced by the Bank of Russia, are recognized for the purposes of prudential regulation not at one time, but over a long period of time, until 2032, under the preferential reserve formation scheme for possible losses. At the same time, the preferential reserve scheme is not provided for by the principles of IFRS 9, that is, estimated reserves for expected credit losses are formed, including for accrued but not received interest income on NZA, in the amount of 100%.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI Russia: Financial news: Answers to typical requests from credit institutions on banking regulation and supervision

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    Question

    from 15.10.2024

    The Bank requests that the data sources used to reflect information about the address of residence (registration) of an individual be unified:

    1. When filling out the register of obligations in accordance with Bank of Russia Instruction No. 4990-U.

    2. When forming the credit history of an individual subject in accordance with Bank of Russia Regulation No. 758-P1.

    3. When identifying an individual client and generating formalized electronic messages in accordance with Bank of Russia Instruction No. 5861-U2.

    1 Bank of Russia Regulation dated 11.05.2021 No. 758-P “On the procedure for forming a credit history” (hereinafter referred to as Bank of Russia Regulation No. 758-P).

    2 Bank of Russia Instruction dated 15.07.2021 No. 5861-U “On the procedure for submitting data and information by credit institutions to the authorized body in accordance with Articles 7 and 7.5 of the Federal Law “On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism” (hereinafter referred to as Bank of Russia Instruction No. 5861-U).

    Answer

    dated 11/15/2024 No. 4990-U-2024/8

    Regarding question 1.

    The source of data for reflecting information about the address of residence (registration) of the depositor1 are entries in the passport of a citizen of the Russian Federation or, for persons under the age of fourteen, in the certificate of registration at the place of residence2.

    If the identity document (hereinafter referred to as the I.D.) of an individual depositor does not contain certain address-forming elements (for example, the name of the region, city) of the depositor’s place of residence (registration), this information may be supplemented by the bank based on information from the registration authority that registered such depositor at the place of residence (stay), or based on additional information provided by the depositor when concluding the agreement or during the depositor’s next visit to the bank.

    In the event of a discrepancy between the data on the depositor’s residential address (registration), filled in on the basis of the DUL, and the information reflected in the GAR FIAS3, the bank may, when sending the register of obligations to the Bank of Russia, provide additional explanations (comments) on the sources of relevant information it used.

    At the same time, we note that in order to unify approaches to recording the address of an individual used to fill out the register of obligations and to identify the client4, it is planned to make editorial clarifications to Bank of Russia Instruction No. 4990-U, providing for the possibility of reflecting information about the address of the place of residence of an individual depositor when filling out lines of the register of obligations related to the address of residence (registration) and the address for postal notifications5.

    Regarding question 2.

    In accordance with Part 1 of Article 5 of Federal Law No. 218-FZ6, sources of credit history formation submit to the credit history bureau all available information specified in Article 4 of Federal Law No. 218-FZ, in the manner established by Bank of Russia Regulation No. 758-P.

    The specified procedure establishes unified requirements for the formation of credit information indicators, including technical ones, which allows for the automation of information interaction between financial market participants and the bureau, reduces the costs of interaction participants, minimizes the risks of incorrect formation of credit information and, as a result, increases its accuracy and quality, in connection with which, in particular, information about the registration address (residence) of the subject of the credit history is formed in the form of a unique address number of the addressing object in the State Register of Financial Accounting Information (according to the indicator “Address number in the State Register”, the code of the settlement, street code, house (property) code, building code and apartment number code are indicated)7.

    The unification of requirements for the formation of credit information indicators is also of particular importance to ensure the ability of financial market participants – users of credit histories – to automate the process of processing credit information for its use for analytical purposes.

    At the same time, we note that, along with the formation of the credit information indicator “Address Number in the State Register” (the unique address number of the addressing object in the State Register of Financial Accounting Systems), Bank of Russia Regulation No. 758-P provides for the formation by the source of other credit information indicators containing information about the subject’s address, which can be formed both on the basis of information from the subject’s DUL and on the basis of information about the address contained in the State Register of Financial Accounting Systems (in addition to the unique address number of the addressing object in the State Register of Financial Accounting Systems).

    In this regard, the addition of credit information indicators, provided for by Bank of Russia Regulation No. 758-P, with indicators that provide for filling in address information from the DUL has already been implemented in Bank of Russia Regulation No. 758-P.

    Regarding question 3.

    In accordance with paragraph two of subparagraph 1 of paragraph 1 of Article 7 of Federal Law No. 115-FZ8, when identifying individuals, credit institutions are obliged to establish data, including the address of residence (registration) or place of stay.

    According to paragraph fourteen of Article 3 of Federal Law No. 115-FZ, confirmation of the accuracy of information obtained during the identification process is carried out using original documents and (or) duly certified copies and (or) state and other information systems.

    Taking into account the provisions of Part One of Article 2 of Federal Law No. 115-FZ, the norm of the second paragraph of subparagraph 1 of paragraph 1 of Article 7 of Federal Law No. 115-FZ is of a universal nature and applies to all subjects subject to identification – individuals, both citizens of the Russian Federation and foreign citizens, and stateless persons.

    The above-mentioned provision in terms of establishing the address of an individual provides for the possibility, in order for credit institutions to comply with the requirement of Federal Law No. 115-FZ on the identification of individuals, to establish information either on the address of their place of residence (registration) or place of stay. In this case, the concepts of “registration of a citizen of the Russian Federation at the place of stay”, “registration of a citizen of the Russian Federation at the place of residence”, “place of stay”, “place of residence” are defined by Article 2 of the Law of the Russian Federation of 25.06.1993 No. 5242-1 “On the Right of Citizens of the Russian Federation to Freedom of Movement, Choice of Place of Stay and Residence within the Russian Federation” and can be used by credit institutions to comply with the requirements of paragraph two of subparagraph 1 of paragraph 1 of Article 7 of Federal Law No. 115-FZ.

    The provision of the second paragraph of subparagraph 1 of paragraph 1 of Article 7 of Federal Law No. 115-FZ in terms of establishing by credit institutions, when identifying an individual client, information about the address of his/her place of residence (registration) or place of stay, does not in itself contain a requirement for the registration of such a client in the territory of the Russian Federation (a specific subject of the Russian Federation) or outside it, and does not define the sources of information on the basis of which this information should be established. In this regard, credit institutions, in order to implement the specified requirement, independently determine the relevant sources of information in the internal control rules.

    Bank of Russia Instruction No. 5861-U defines the procedure for sending by credit institutions the information provided for by Federal Law No. 115-FZ to the authorized body, and not the identification requirements. When sending the relevant information to the authorized body, containing information, including the address of an individual, such information is reflected in accordance with the data from the client’s questionnaire (dossier), obtained during his identification (updating identification information).

    1 Line 6 “Address of place of residence (registration)” of Table 3.1 of Section I of the Appendix to Bank of Russia Instruction No. 4990-U.

    2 In accordance with paragraph 18 of the RF Government Resolution of 17.07.1995 No. 713 “On approval of the Rules for registration and deregistration of citizens of the Russian Federation at the place of stay and place of residence within the Russian Federation and the list of persons responsible for receiving and transferring to the registration authorities documents for registration and deregistration of citizens of the Russian Federation at the place of stay and place of residence within the Russian Federation.”

    3 State Address Register of the Federal Information Address System (hereinafter referred to as the State Address Register of the Federal Information Address System). As a general rule, address elements in the Russian Federation must comply with the State Address Register of the Federal Information Address System, which is related to ensuring compliance with the requirement of Article 12 of the Federal Law of 23.12.2003 No. 177-FZ “On Insurance of Deposits in Banks of the Russian Federation”, which provides for sending messages to depositors of a bank in respect of which an insured event has occurred.

    4 As part of the client identification procedure carried out for the purpose of combating the legalization (laundering) of proceeds from crime and the financing of terrorism, it is possible to obtain data on the client’s location (subparagraph 1.7 of paragraph 1 of Appendix 1 to Bank of Russia Regulation No. 499-P of 15.10.2015 “On the identification by credit institutions of clients, client representatives, beneficiaries and beneficial owners for the purpose of combating the legalization (laundering) of proceeds from crime and the financing of terrorism”).

    5 Changes are planned to be made to the names of the corresponding lines of the register of obligations: “Address of place of residence (registration) or place of stay”, as well as to the explanations for filling in information about the address for postal notifications.

    6 Federal Law of 30.12.2004 No. 218-FZ “On Credit Histories”.

    7 Clause 4.3 of Chapter 4 of Section 1 of Appendix 3 to Bank of Russia Regulation No. 758-P.

    8 Federal Law of 07.08.2001 No. 115-FZ “On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism.”

    Seal

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI Russia: Financial news: Bank of Russia survey program for the second half of 2025

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Categories24-7, Central Bank of Russia, Mil-SOSI, Russian Banks, Russian Economy, Russian Finance, Russian Language, Russian economy, Russian banks

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    Item No. start date End date Name of the survey Description of the survey Survey instruments1 The structural division of the Bank of Russia responsible for conducting the survey, contact information for survey questions
    1 2 3 4 5 6 7
    1 July July Research into IT service providers. The survey is conducted to study the quality of financial institutions’ management of the risk of outsourcing information technology and cloud services as of 01.07.2025. Data submission deadline: no later than 21.07.2025

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Information Security Department: Igor Vyacheslavovich Ozhered – Head of Department, tel.: 8 (495) 771-99-99, (ext. 2-65-69), e-mail: Celebration@kbr.ru; Mikhailovskaya Anastasia Sergeevna – consultant, tel.: 8 (495) 771-99-99, (ext. 2-64-37), e-mail: Mas@kbr.ru
    2 July July Survey of financial market participants as part of the assessment of the “digital maturity” of the “Financial Services” industry. The survey is conducted to assess the “digital maturity” of the “Financial Services” industry of financial market participants for the first half of 2025. Data submission deadline: 28.07.2025

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of financial technologies: credit organizations: Chazhengin Daniil Aleksandrovich – leading expert, tel.: (495) 771-99-99, (ext. 7-67-57), e-mail: Chazhenginda@kbr.ru; Viktorov Evgeniy Vyacheslavovich – expert of the 1st category, tel: (495) 771-99-99, (ext. 7-66-01), e-mail: Viktorovev@kbr.ru; Insurance Market Department: insurance organizations: Shagramanov Sergey Mikhailovich – head of department, tel.: (495) 771-99-99, (ext. 7-43-97), e-mail: Shagramanovsm@kbr.ru; Department of Investment Financial Intermediaries: non-state pension funds, management companies and professional participants in the securities market: Kravchenko Ishira Akhmedovna – chief expert, tel.: (495) 771-99-99, (ext. 1-69-89), e-mail: Kravchenko@kbr.ru; Tsrnobrnya Olga Vyacheslavovna – chief expert, tel.: (495) 771-99-99, (ext. 1-69-84), e-mail: Tsrnobrnyov@kbr.ru
    3 July July A survey of the level of implementation and use of artificial intelligence (AI) technologies in the financial market. The survey is conducted to assess the level of implementation and use of artificial intelligence (AI) technologies in the financial market. Data submission deadline: 15.07.2025

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Strategic Development of the Financial Market: Sadovskaya Tatyana Evgenievna – consultant, tel. 8 (495) 771-99-99, (ext. 7-38-08), e-mail: Sadovskayate@kbr.ru; Department of Financial Technologies: Dmitry Vladislavovich Fedorov – Head of Department, tel. 8 (495) 771-99-99, (ext. 7-31-73), e-mail: Fedorovdv@kbr.ru
    4 July July A survey of trends in the segment of loans issued by microfinance organizations to small and medium-sized businesses. The survey is conducted with the aim of studying the development of the small and medium-sized business loan segment. Data provision period: 14 working days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Non-bank Lending: Elizaveta Yuryevna Shtykova – leading expert, tel. 8 (495) 771-99-99, (ext. 2-16-36), e-mail: Shtykovayu@kbr.ru
    5 July August Survey of development trends in the pawnshop market The survey is conducted with the aim of studying the development of the pawnshop market in the first half of 2025. Data provision period: 14 working days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Non-bank Lending: Elizaveta Yuryevna Shtykova – leading expert, tel. 8 (495) 771-99-99, (ext. 2-16-36), e-mail: Shtykovayu@kbr.ru
    6 July August Housing market survey. The survey is conducted in order to obtain a more accurate assessment of the difference in prices between the primary and secondary housing markets, taking into account the region of location and the year the house was built for the period from 01.01.2021 to 30.06.2025. Data submission deadline: 01.08.2025

    Survey form
    Survey participants

    The information is presented in CSV file format using the functionality of personal accounts.

    Department of Financial Stability: Margarita Olegovna Selezneva – Chief Economist, tel.: 8 (495) 771-99-99, (ext. 1-55-98), e-mail: Seleznevamo@kbr.ru
    7 July October A survey of microfinance organizations on the volume of consumer loans (credits) secured by a pledge of a motor vehicle and loans granted to individuals for purposes not related to their entrepreneurial activities, the borrowers’ obligations for which are secured by a mortgage. The survey is conducted with the aim of collecting information from microfinance organizations on the volume of consumer loans (credits) secured by a pledge of a motor vehicle and loans granted to individuals for purposes not related to their entrepreneurial activities, the borrowers’ obligations for which are secured by a mortgage, for the third quarter of 2025. Data submission deadline: no later than 14.10.2025

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Financial Stability: Irina Sergeevna Petukhova – leading economist, tel.: 8 (495) 771-99-99, (ext. 1-74-06), e-mail: Petukhova@kbr.ru; Khodjaeva Anastasia Petrovna – consultant, tel.: 8 (495) 771-99-99, (ext. 1-72-80), e-mail: Khojaevaap@kbr.ru
    8 July October Survey “Customer Complaints Information”. The survey is being conducted with the aim of analyzing complaints received directly by organizations supervised by the Bank of Russia for the second and third quarters of 2025. Data submission deadline: for the second quarter of 2025 – July 2025; for the third quarter of 2025 – October 2025.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts. A letter from the Bank of Russia containing additional information is sent to survey participants before the start of the next reporting period.

    Service for the Protection of Consumer Rights and Ensuring Accessibility of Financial Services: Vasily Evgenievich Zuev — head of the expert group, for technical support: e-mail: It_Appels@kbr.ru; for questions on methodological support: e-mail: method_appeals@cbr.ru
    9 July November Cost of cross-border transfers by individuals from the Russian Federation. The survey is conducted with the aim of achieving the sustainable development goals for the period up to 2030 (Sustainable Development Goals), adopted by UN Resolution No. 68/261 (indicator 10.c.1 of goal 10 “Reducing inequality within and among countries”) for the second and third quarters of 2025. Data submission deadline: for the second quarter of 2025 – no later than 15.08.2025; for the third quarter of 2025 – no later than 15.11.2025.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Statistics: Elena Vyacheslavovna Rozhkova – Chief Economist, tel.: (495) 771-99-99, (ext. 1-71-67), e-mail: Rozhkovaev@kbr.ru
    10 July November Survey of partner financing activities. The survey is conducted to study the activities of participants in the partnership financing experiment for the second and third quarters of 2025. Data provision period: 20 working days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Non-bank Lending: Misnik Anastasia Romanovna – economic adviser, tel.: 8 (495) 771-99-99, (ext. 7-43-26), e-mail: Misnikar@kbr.ru
    11 July December Survey of the implementation by credit institutions of the requirements of the Federal Law of 30.12.2004 No. 214-FZ “On participation in shared construction of apartment buildings and other real estate objects and on amendments to certain legislative acts of the Russian Federation.” The survey is conducted for the purpose of operational monitoring of the functioning of developer accounts and escrow accounts issued to developers of loans using escrow accounts. Data provision deadline: Section 1 information collection ceased on 01.08.2024. Sections 2, 3 monthly no later than the sixth working day of the month following the reporting month.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of banking regulation and analytics: Akimov Alexander Nikolaevich – head of department, tel.: 8 (495) 957-81-13, e-mail: Akimovan@kbr.ru; Puzin Aleksey Mikhailovich – consultant, tel.: 8 (495) 957-83-07, e-mail: Puzinami@kbr.ru; Karelina Inna Igorevna – leading economist, tel.: 8 (495) 771-99-99, (ext. 2-30-63), e-mail: Karelinai@kbr.ru
    12 July December Inspection of bank accounts of legal entities and individual entrepreneurs. The survey is conducted with the aim of analyzing current trends in the development of the deposit market, in particular, attracting funds to current accounts of legal entities and individual entrepreneurs, and the cost of attracting them. Deadline for providing data: monthly, no later than the 23rd day of the month following the month being surveyed.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Statistics: Krylova Darya Olegovna – Head of Department, tel.: 8 (495) 957-89-65, e-mail: Doroshdu@kbr.ru; Fomicheva Ekaterina Yurievna – chief economist, tel.: 8 (495) 315-76-81, e-mail: RIZ1@kbr.ru; Morozova Arina Olegovna – chief economist, tel.: 8 (495) 771-99-99, (ext. 1-58-77), e-mail: Morozovao@kbr.ru
    13 July December A survey of the expenses of financial institutions on software and services required for its use at significant critical information infrastructure facilities of the Russian Federation that they own. The survey is conducted with the aim of qualitatively assessing the expenses of financial institutions on software and services necessary for its use at their significant critical information infrastructure facilities of the Russian Federation for the second and third quarters of 2025. Deadline for submitting data: no later than the 20th day of the month following the reporting quarter.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Information Security Department: Bondarev Alexander Vladimirovich – Leading Engineer, tel.: 8 (495) 771-99-99, (ext. 2-68-90), e-mail: Bondarevav@kbr.ru
    14 July December Examination of concluded agreements for receiving credit (borrowed) funds without the voluntary consent of the client. The survey is conducted with the aim of collecting information on concluded agreements for receiving credit (borrowed) funds without the voluntary consent of the client for the second and third quarters of 2025. Deadline for submitting data: no later than the fifteenth working day of the month following the reporting quarter.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Information Security Department: Egor Romanovich Sokrut – Lead Engineer, tel.: 8 (495) 771-99-99, (ext. 2-29-05), e-mail: TRASTER@Kbr.ru
    15 July December Survey of loans granted to individuals in rubles using bank cards. The survey is conducted with the aim of analyzing interest rates on loans granted to individuals without collateral using an electronic means of payment (bank cards), taking into account the interest-free grace period. Deadline for providing data: monthly, no later than the 12th working day of the month following the month being surveyed.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Statistics: Krylova Darya Olegovna – Head of Department, tel.: 8 (495) 957-89-65, e-mail: Doroshdu@kbr.ru; Morozova Arina Olegovna – chief economist, tel.: 8 (495) 771-99-99, (ext. 1-58-77), e-mail: Morozovao@kbr.ru; Fomicheva Ekaterina Yurievna – chief economist, tel.: 8 (495) 315-76-81, (ext. 5-76-81), e-mail: RIZ1@kbr.ru
    16 July December Monitoring the leasing market and assessing its key risks. The survey is conducted to analyze the volume of the leasing market and its key risks for the second and third quarters of 2025. Data submission deadline: for Q2 2025 – September 2025; for Q3 2025 – December 2025.

    Survey form
    Survey participants

    Information is provided by e-mail in MS Excel file format.

    Department of Financial Stability: Vlada Valerievna Monastyreva – Leading Economist, tel.: 8 (495) 771-99-99, (ext. 1-55-71), e-mail: Monastyrevavv@kbr.ru
    17 July December Survey of deposits of individuals and the conditions for their attraction by credit institutions. The survey is conducted with the aim of analyzing bank offers for deposits, deposits of individuals, indicating the maximum range of additional parameters that influence the increase in the base rate (minimum guaranteed rate) for a banking product, and their subsequent comparison with the actual level of the cost of attracting deposits. Deadline for providing data: monthly, no later than the 23rd day of the month following the month being surveyed.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Statistics: Krylova Darya Olegovna – Head of Department, tel.: 8 (495) 957-89-65, e-mail: Doroshdu@kbr.ru; Fomicheva Ekaterina Yurievna – chief economist, tel.: 8 (495) 315-76-81, e-mail: RIZ1@kbr.ru; Morozova Arina Olegovna – Chief, tel.: 8 (495) 771-99-99, (ext. 1-58-77), e-mail: Morozovao@kbr.ru
    18 July December Information on the assignment of rights of claim (cession) and the issue of securities (securitization) secured by claims on consumer loans granted to resident individuals. The survey is conducted with the aim of analyzing the portfolio of consumer loans, the rights to claim which were assigned to legal entities (including credit institutions), including with subsequent securitization, for the correct assessment of the dynamics of the total consumer portfolio of credit institutions. Deadline for providing data: monthly, no later than the 16th working day of the month following the month being surveyed.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Statistics: Krylova Darya Olegovna – Head of Department, tel.: 8 (495) 957-89-65, e-mail: Doroshdu@kbr.ru; Morozova Arina Olegovna – chief economist, tel.: 8 (495) 771-99-99, (ext. 1-58-77), e-mail: Morozovao@kbr.ru; Fomicheva Ekaterina Yurievna – chief economist, tel.: 8 (495) 315-76-81, e-mail: RIZ1@kbr.ru
    19 July December Changes in the bank’s credit policy. The survey is conducted with the aim of qualitatively assessing changes in the parameters of banks’ credit policy, the reasons for these changes for an in-depth analysis of the transmission mechanism of monetary policy, and identifying factors influencing lending volumes for the second and third quarters of 2025. Data submission deadline: last working day of the reporting quarter. For the largest multi-branch banks, the questionnaire may be submitted at a later date. The questionnaire is published on the official website of the Bank of Russia at: http: //kbr.ru/stastiki/dkp/bank_landing_Terms/ in the section “Monetary policy”, “Statistics”, “Terms of bank lending”.

    Survey participants

    Information is provided by e-mail in MS Excel file format.

    Department of Monetary Policy: employee responsible for methodological support of the survey: Egorov Aleksey Vladimirovich – economic adviser, tel.: 8 (495) 957-88-91, e-mail: Egorovav@kbr.ru; Main Directorate of the Bank of Russia for the Central Federal District: employee responsible for conducting the survey: Veronika Eldarovna Islyamova – consultant, tel.: 8 (495) 950-20-72, e-mail: SVP1@kbr.ru
    20 July December Lessee risk assessment. The survey is conducted with the aim of quantitatively assessing the risks of lessees for the second and third quarters of 2025. Data submission deadline: for Q2 2025 – September 2025; for Q3 2025 – December 2025.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Financial Stability: Vlada Valerievna Monastyreva – Leading Economist, tel.: 8 (495) 771-99-99, (ext. 1-55-71), e-mail: Monastyrevavv@kbr.ru
    21 July December Monitoring of individuals’ loan debt. Monitoring underwriting standards and credit quality of portfolios of banks specializing in lending to individuals for the purpose of assessing systemic credit risks of the banking sector in the second and third quarters of 2025. Data submission deadline: for the second quarter of 2025 – 01.08.2025; for the third quarter of 2025 – 01.11.2025.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Financial Stability: Ivanova Elizaveta Dmitrievna – economist of the 2nd category, tel.: 8 (495) 771-99-99, (ext. 1-77-47), e-mail: Ivanovad@kbr.ru
    22 July December Survey of planned indicators of credit institutions. The survey is being conducted with the aim of improving the quality of operational forecasts and internal analytical models of the Bank of Russia. Data submission deadline: no later than 25 working days following the reporting quarter.

    Survey form
    Survey participants

    The information is presented in MS Excel and Word file formats using the functionality of personal accounts.

    Department of banking regulation and analytics: Popov Maxim Andreevich – head of department, tel.: 8 (800) 250-40-88, (ext. 2-15-66), e-mail: Poppyma01@kbr.ru; Shterts Ruslan Sergeevich – consultant, tel.: 8 (800) 250-40-88, (ext. 2-15-86), e-mail: Sertsrs@kbr.ru
    23 July December Survey on received subsidies to compensate for lost income on loans under government support programs. The survey is conducted in order to identify, as part of the credit institution’s income, subsidies received to compensate for lost income on preferential loans issued for purposes determined by state support programs (quarterly data for the period: Q1 2020 – Q4 2024; monthly data for the period: January – December 2025). Deadline for providing data: monthly, no later than the eighth working day of the month following the month being surveyed.

    Survey form
    Survey participants

    Information is provided by e-mail in the form of a scanned copy, MS Excel file format, or through the personal account of the information exchange participant.

    Department of Statistics: Kolesnikova Tatyana Alekseevna – Head of Department, tel.: (495) 987-71-35, e-mail: Kolesnikova@kbr.ru; Khizhnyak Anton Vitalievich – Head of Department, tel.: 8 (495) 771-42-71, e-mail: Hizhnyakav@kbr.ru
    24 August September Survey of individuals receiving/sending cross-border money transfers. The survey is conducted with the aim of analyzing information on received/sent cross-border money transfers of individuals. Deadline for providing data: no later than 40 calendar days after sending the questionnaire to the organization.

    Survey form
    Survey participants

    Information is provided by e-mail in the form of a scanned copy, MS Excel file format, or through the personal account of the information exchange participant.

    Department of Statistics: Elena Vyacheslavovna Rozhkova – Chief Economist, tel.: (495) 771-99-99, (ext. 1-71-67), e-mail: Rozhkovaev@kbr.ru
    25 September October A survey of the personnel needs of financial sector organizations for information security specialists. The survey is being conducted with the aim of studying the personnel needs of financial sector organizations for information security specialists. Deadline for providing data: no later than 30 calendar days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Information Security Department: Elena Ivanovna Stavitskaya — consultant, tel.: 8 (495) 771-99-99, (ext. 2-69-43), e-mail: Stavitskaya@kbr.ru; Terekhov Sergey Vasilievich – chief engineer, tel.: 8 (495) 771-99-99, (ext. 2-28-76), e-mail: Terekhovsv@kbr.ru
    26 October October Survey of satisfaction of credit institutions with the quality of cash. The survey is conducted to assess the satisfaction of credit institutions with the quality of cash. Data submission deadline: 15.10.2025

    Survey form
    Survey participants

    The information is presented in Word file format using the functionality of personal accounts.

    Cash Circulation Department: Natalya Andreevna Mavrushina — Head of Department, tel.: 8 (495) 771-99-99, (ext. 1-86-70), e-mail: MNA7@kbr.ru; Dzhabrailov Adil Millat ogly – leading economist, tel: 8 (495) 771-99-99, (ext. 1-86-88), e-mail: Dzhabrailovam@kbr.ru
    27 October October Investigation of cash withdrawal transactions without the client’s voluntary consent using ATMs. The survey is conducted with the aim of studying operations on issuing cash by credit institutions without the voluntary consent of the client using ATMs (data for September 2025 will be presented in the third quarter of 2025). Deadline for submitting data: no later than the fifteenth working day of the month following the reporting quarter.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Information Security Department: Egor Romanovich Sokrut – Lead Engineer, tel.: 8 (495) 771-99-99, (ext. 2-29-05), e-mail: TRASTER@Kbr.ru
    28 October November A survey of development trends in the market of consumer credit cooperatives. The survey is conducted with the aim of studying the development of the consumer credit cooperative market for the first to third quarters of 2025. Data provision period: 14 working days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Non-bank Lending: Elizaveta Yuryevna Shtykova – leading expert, tel. 8 (495) 771-99-99, (ext. 2-16-36), e-mail: Shtykovayu@kbr.ru
    29 October November A survey of development trends in the market of agricultural credit consumer cooperatives. The survey is conducted with the aim of studying the development of the agricultural credit consumer cooperative market for the first to third quarters of 2025. Data provision period: 14 working days from the date the questionnaire is sent to the organization.

    Survey form
    Survey participants

    The information is presented in MS Excel file format using the functionality of personal accounts.

    Department of Non-bank Lending: Elizaveta Yuryevna Shtykova – leading expert, tel. 8 (495) 771-99-99, (ext. 2-16-36), e-mail: Shtykovayu@kbr.ru

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI: Remittix Unveil New Crypto Wallet With Revolutionary New Way To Send Ethereum, Solana, Dogecoin and More

    Source: GlobeNewswire (MIL-OSI)

    New York, June 30, 2025 (GLOBE NEWSWIRE) — Sending crypto still feels way harder than it should. And it doesn’t matter if it’s Ethereum, Solana, or Dogecoin, you’ve got gas fees, delays, weird addresses. Plus, there’s a whole fiat thing if someone needs actual cash.

    Well, Remittix just fixed all that.

    Their new crypto wallet makes sending crypto feel like sending a text. You can move ETH, SOL, DOGE, and more, and even send it straight to a bank account, no matter where the person is. Fast, simple, and no middlemen. This could seriously change the game for crypto payments.

    A Wallet That Works Across Ethereum, Solana, Dogecoin and More

    If you’re tired of juggling different wallets for different coins, Remittix has your back. The new wallet lets you manage Ethereum, Solana, Dogecoin, and a bunch of other cryptos all in one simple place.

    It’s non-custodial, which means you control your crypto, no third parties, no one else touching your funds. You can trade, swap, send, or just hold without any hassle. And here’s the best part: Remittix doesn’t collect your data. No IP tracking, no location snooping, nothing.

    Source: Remittix

    It’s built with serious security, works across devices, and doesn’t rely on some sketchy centralized server that might go down. Everything stays private, fast, and smooth.

    No matter if you’re new to crypto or have been in it for years, this wallet keeps things simple. You get full control over your coins without the usual stress or complications.

    Send Crypto to Bank Accounts in Seconds – No Middlemen with Remittix

    With Remittix, you can now send crypto straight to a bank account, no middlemen, no delays, no extra steps.

    It works with tons of coins, and it gives the convenience you need. Simply, just open the wallet, choose your crypto, and send. It’s converted to fiat and lands in the bank account fast. Simple as that.

    UNLOCKING! Remittix A 2025 MUST-HAVE!

    No exchanges. No wire transfers. No waiting days for money to show up. This is a direct line from your wallet to someone’s bank, whether they’re across the street or across the world.

    And because it’s all handled through Remittix’s own system, you avoid the usual headaches and fees. Everything stays secure, quick, and in your control. If you’ve ever wanted crypto to work like real money, this is it. Remittix made it possible.

    Why This Could Be the Future of Everyday Crypto Payments

    The way we move money is changing, and Remittix is leading that shift. Instead of relying on slow banks, hidden fees, and outdated systems, Remittix gives people a faster, cheaper way to send money anywhere in the world using crypto. No middlemen. No delays. Just instant, direct payments.

    This isn’t just about convenience. It’s about access. Around 1.4 billion people still don’t have reliable banking. Remittix makes it possible for anyone with a smartphone to send, receive, and convert crypto into real-world cash safely and quickly.

    What also makes Remittix stand out is its tokenomics. The $RTX token powers the ecosystem. Users get fee discounts, priority access, and even a say in how the platform evolves through governance features. The token is designed to be used, not just traded, helping drive real demand.

    Source: Remittix

    With smart contracts, microtransaction support, and a focus on real-world problems, Remittix isn’t following trends; it’s building the future of everyday crypto payments.

    Conclusion

    Ethereum, Solana, and Dogecoin are now all easier to send than ever with Remittix. This wallet isn’t just another crypto tool; it’s the future of payments. With real utility, growing adoption, and $RTX powering it all, Remittix is moving fast. Get in now, before the rest of the world catches on.

    Discover the future of PayFi with Remittix by checking out their presale here:

    Website: https://remittix.io/

    Socials: https://linktr.ee/remittix

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Siili Solutions Plc: Share Repurchase 30.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  30.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 30.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           30.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             369 Shares
    Average price/ share    6,4194 EUR
    Total cost            2 368,76 EUR
         
         
    Siili Solutions Plc now holds a total of 20 318 shares
    including the shares repurchased on 30.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         

    Attachment

    • SIILI 30.6.2025 Trades

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Siili Solutions Plc: Share Repurchase 30.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  30.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 30.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           30.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             369 Shares
    Average price/ share    6,4194 EUR
    Total cost            2 368,76 EUR
         
         
    Siili Solutions Plc now holds a total of 20 318 shares
    including the shares repurchased on 30.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         

    Attachment

    • SIILI 30.6.2025 Trades

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Robinhood Launches Stock Tokens, Reveals Layer 2 Blockchain, and Expands Crypto Suite in EU and US with Perpetual Futures and Staking

    Source: GlobeNewswire (MIL-OSI)

    Robinhood Stock Tokens will allow EU customers to get exposure to the US stock market

    Robinhood will also launch a new Layer 2 blockchain to power the tokenization of Real World Assets

    MENLO PARK, Calif., June 30, 2025 (GLOBE NEWSWIRE) — Today, at Robinhood Presents: To Catch a Token in Cannes, France, we unveiled a suite of new products that mark a major step forward for crypto. From expanding Robinhood to over 400 million people across 30 EU and EEA countries, to launching stock and ETF tokens, we’re building toward a future where investing is simpler, smarter, and more accessible worldwide.

    “Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,” said Robinhood Chairman and CEO Vlad Tenev.

    Tokenization and Layer 2 Blockchain

    We’ve launched US stock and ETF tokens in the EU, giving eligible customers exposure to US equities with Robinhood Stock Tokens—featuring zero commissions or added spreads from Robinhood (other fees may apply), dividend support, and 24/5 access. With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto.

    European customers will have access to 200+ US stock and ETF tokens. Stock token holders will also receive dividend payments directly in their app.

    “Crypto was built by engineers for engineers, and has not been accessible to most people,” said Johann Kerbrat, GM and SVP of Robinhood Crypto. “We’re onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.”

    Stock tokens will initially be issued on Arbitrum. In the future, tokenized stocks will be facilitated by our very own Robinhood Layer 2 blockchain, based on Arbitrum. Currently in development, the Robinhood blockchain will be optimized for tokenized real-world assets and built to support 24/7 trading, seamless bridging, and self-custody.

    Perpetual Futures

    We are introducing crypto perpetual futures in the EU, where we will offer eligible customers access to a new class of derivatives with continuous exposure and up to 3x leverage. Perpetuals will be 100% rolled out to eligible customers by the end of the summer. Designed to help reduce the complexity typically associated with trading perpetuals, we built our interface with intuitive controls for setting position size and managing margin. Orders are routed through Bitstamp’s perpetual futures exchange.

    This launch will mark an important step in serving active traders across the globe with advanced trading tools in an intuitive platform.

    Crypto Staking in the US

    Crypto staking is launching to eligible US customers, starting with Ethereum and Solana. With our user-friendly interface, you can now participate in blockchain ecosystems and access competitive reward rates by contributing to network operations. Crypto staking is also available to all Robinhood customers in the EU and EEA.

    Expanded Product Suite

    There’s more—we’ve rolled out a suite of new products to make trading crypto on Robinhood even more powerful and seamless.

    • Instant Boost on Crypto Deposits: For a limited time, U and EU investors can transfer crypto into Robinhood and earn a 1% deposit boost—with the chance to double it to 2% if total deposits hit the $500M goal.
    • Crypto Credit Card Rewards: The Robinhood Gold Credit Card gives US customers cash back on purchases—across all categories. Coming this fall, customers can use those rewards to purchase crypto automatically.
    • Cortex for Crypto: Our US feature, Cortex, an AI-powered investing assistant, will be available later this year. Robinhood Gold members can see curated insights, trends, and event-driven market analysis right inside each token’s detail page. It’s designed to help customers quickly understand price movement and market shifts in real time.
    • Smart Exchange Routing: Smart exchange routing evaluates multiple partner exchanges and routes your order to get the best available price across them. Soon, all orders placed through Smart Exchange Routing will qualify for fee tiers, meaning the more you trade, the lower your rate— based on your trailing 30-day trading volume. API support is coming soon.
    • Tax Lots: US customers can also now view and sell specific tax lots for crypto trades, allowing you to strategically choose which lots to sell.
    • Advanced Charts: Advanced charts from Robinhood Legend are coming to mobile, starting with equities and expanding to crypto in August.

    To learn more about today’s announcements, visit go.robinhood.com/presents.

    Disclosures:

    Terms apply. Eligibility and restrictions vary by region.

    US stock and ETF tokens and crypto perpetual futures trading involves significant risk and is not appropriate for all investors. Please carefully consider if investing in such financial instruments is appropriate for you based on your specific experience, risk tolerance, and financial situation. Restrictions and eligibility requirements apply.

    Staking is not available in every state.

    To Catch a Token is sponsored by Robinhood Europe, UAB (“RHEU”). RHEU (company code: 306377915) is authorized and regulated by the Bank of Lithuania (“BoL”) as a financial brokerage firm and a crypto-asset service provider. RHEU’s registered address is: Mėsinių 5, LT-01133 Vilnius, Lithuania; address for correspondence: Konstitucijos pr, 21A (QUADRUM East), LT-08130, Vilnius, Lithuania; website.

    Cryptocurrency services in the US are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto, LLC (“RHC”) is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

    Robinhood Gold Visa® Credit Card is offered by Robinhood Credit, Inc. (“RCT”), and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. RCT is a financial technology company, not a bank. Must have Robinhood Financial brokerage account to redeem crypto. See Robinhood Gold Card Rewards Program Rules for detail and other redemption options. Rewards Program Rules are subject to change. The Gold Card requires an annual Robinhood Gold subscription to apply and maintain the card and does not include a 30 day free trial.

    Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

    US Deposit boost is paid in cash into your self-directed individual brokerage account and applies to eligible net crypto deposits from an external address to your crypto account between June 24 and July 7, 2025. Any 2% bonus will be applied retroactively to your net eligible deposits once the combined net crypto deposits across the Robinhood Platform exceeds $500M during the promotion period. Potential bonus deductions will be pulled from your self-directed individual brokerage account. Bonus offered by Robinhood Crypto, LLC. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. See terms and conditions.

    EU Bonus is paid in crypto and applies to eligible net crypto deposits from an external address to your account between 28 May to 7 July, 2025. Excludes deposits of USDC and EURC. Any 2% bonus will be applied retroactively to your eligible deposits once the combined net crypto deposits across the Robinhood Platform exceeds $500M during the promotion period. Dollar value of crypto deposits is determined by Robinhood in its reasonable discretion based on applicable market rates. You cannot trade or withdraw your bonus for 1 year. Other terms apply.

    All investments involve risk and loss of principal is possible.

    Robinhood Financial LLC (“RHF”) (member SIPC), is a registered broker-dealer.

    Robinhood Cortex showcases a conceptual framework illustrating how Robinhood envisions the integration of traditional investing tools with Artificial Intelligence (‘AI’). Currently, Robinhood Cortex is designed to incorporate AI but Trade Builder does not. There is no guarantee that AI will improve investing performance, mitigate risk, or reduce losses.

    RHEU, RHC, RCT, RHG and RHF are separate but affiliated entities and are wholly owned subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

    A Cautionary Note Regarding Forward-Looking Statements

    This blog post includes forward-looking statements about Robinhood Markets, Inc. (together with its consolidated subsidiaries, “Robinhood,” “we,” or the “Company”), including statements regarding our planned product launches and developments, including our Layer 2 blockchain, tokenized stocks and ETFs, crypto perpetual futures and staking, Cortex, and other upcoming features. These statements are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks include, but are not limited to, regulatory developments, market demand, legal challenges, technological changes, and economic conditions. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this blog post. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results can be found in the “Risk Factors” section in Part I, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and in other filings with the U.S. Securities and Exchange Commission at www.sec.gov. Except as otherwise noted, all forward-looking statements in this blog post are made as of the date of this blog post, June 30, 2025, and are based on information and estimates available to us at this time. Except as required by law, we assume no obligation to update any of the statements in this blog post whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this blog post with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect.

    © 2025 Robinhood

    Contacts

    Investor Relations
    ir@robinhood.com 

    Media
    press@robinhood.com

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0ff35df-ed50-4cc0-98c8-97ba8ee6aa33

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2a752aac-2ca9-4e66-9cf3-af87513160ce

    https://www.globenewswire.com/NewsRoom/AttachmentNg/903feb9a-4a24-4da9-9b8d-39751210a515

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ecd2144a-7583-4e25-b27e-6bce6e4cc563

    The MIL Network –

    July 1, 2025
  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Algeria

    Source: IMF – News in Russian

    June 30, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The near-term prospects for the Algerian economy remain broadly positive despite global uncertainty, but fiscal vulnerabilities are high.
    • A gradual yet urgent fiscal adjustment is essential to strengthen fiscal resilience and rebuild buffers, while monetary policy should remain focused on price stability. Greater exchange rate flexibility would strengthen the economy’s ability to absorb external shocks, including from hydrocarbon prices.
    • Strengthened policy frameworks, along with reforms to enhance fiscal resilience, diversify the economy, and promote private investment, are critical to lifting growth and creating jobs over the medium-term.

    Algiers, Algeria: An International Monetary Fund (IMF) mission led by Mr. Charalambos Tsangarides visited Algiers during June 16–30, to conduct the 2025 Article IV consultation with Algeria.

    At the end of the mission, Mr. Tsangarides issued the following statement:

    “Economic activity eased to 3.6 percent in 2024 from 4.1 percent in 2023, as OPEC+ production cuts weighed on the hydrocarbons sector, while nonhydrocarbon activity remained strong, expanding by 4.2 percent. The current account balance turned to a deficit in 2024 amid lower hydrocarbon output and gas prices. International reserves remained robust at US$ 67.8 billion, covering about 14 months of imports.

    Inflation fell sharply from an average of 9.3 percent in 2023 to 4 percent in 2024, driven mainly by lower food prices, with core inflation also declining. Monetary policy remained accommodative in the first half of 2025. The budget deficit widened significantly in 2024, reaching 13.9 percent of GDP due to lower hydrocarbon revenues and higher wage and investment spending, and is expected to remain high in 2025.

    The near-term outlook is broadly positive, supported by a gradual recovery in hydrocarbon production as OPEC+ production cuts ease, which is expected to sustain growth in 2025, while inflation remains moderate. However, growing fiscal pressures pose significant financing challenges and if continued, would increase public debt in the medium term. Continued global uncertainty and volatile hydrocarbon prices are likely to dampen exports and investment, contributing to a wider current account deficit in 2025.

    Economic prospects face several risks, primarily from volatile hydrocarbon prices amid shifting trade policies and geopolitical tensions, and persistent fiscal deficits that strain debt sustainability and deepen financial linkages between the government, state-owned enterprises (SOEs), and public banks (SOBs). However, medium-term economic prospects would improve with sustained reforms to diversify the economy, and effective implementation of the government’s Action Plan and structural reforms.

    To safeguard macro-financial stability and mitigate near-term risks amid a volatile global environment, the mission recommends gradual yet timely fiscal rebalancing. This will curb rising financing needs driven by large deficits and falling hydrocarbon prices, helping to reduce vulnerabilities, rebuild buffers, and stabilize public debt over the medium term. Monetary policy should continue to be guided by economic conditions and firmly focused on its inflation objective, while maintaining close oversight of financial sector developments. More exchange rate flexibility will enhance the economy’s ability to absorb external shocks amid heightened hydrocarbon price volatility and global uncertainty.

    Medium-term reform priorities include enhancing fiscal sustainability, strengthening monetary and financial frameworks, and advancing structural reforms to boost private investment, inclusive growth, and job creation.

    The fiscal adjustment strategy would be strengthened by reforms to increase nonhydrocarbon revenues and streamline spending. A revised revenue mobilization strategy would support efforts to expand the tax base, including by rationalizing tax expenditures, and enhance compliance via digitalization. Reforming subsidies would help rebuild fiscal buffers and create space for priority expenditures, including targeted support for vulnerable households. Enhancing public investment efficiency would support the authorities’ economic diversification goals. Improving oversight, efficiency, and governance of SOEs would be essential to contain macro-financial risks. The mission welcomes progress in implementing the 2018 Organic Budget Law, which is expected to enhance transparency and accountability in budget execution, the establishment of a unit within the Ministry of Finance to oversee SOEs and strengthen fiscal risk management, and the expected implementation of the new Public Procurement Law.

    The mission commends the authorities for their ongoing implementation of the 2023 Monetary and Banking Law, improvements in liquidity management, and strengthened capacity in macroeconomic forecasting and policy analysis. Clarifying the monetary policy framework—by defining a clear primary objective and nominal anchor—would enhance policy transmission and effectiveness. Improving financial sector oversight is crucial to mitigate risks arising from strong financial linkages between the central government, SOEs, and SOBs.

    The authorities’ efforts to diversify the economy and improve the business climate to boost private investment are welcome. Key initiatives include a one-stop digital shop for real estate access, aligning exports with international standards, and advancing online trade. The mission encourages continuing these reforms but cautions against broad application of fiscal incentives that may create revenue gaps. Additional gains can be achieved by removing administrative restrictions, increasing flexibility in product and labor markets, and ensuring a level playing field between public and private sectors. The mission also welcomes recent governance reforms and continued efforts to strengthen the AML/CFT framework and enhance transparency and accountability in the public sector.”

    “The mission expresses its gratitude and appreciation to the authorities and all interlocutors for their warm hospitality and the open and constructive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/30/pr-25226-algeria-imf-staff-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    July 1, 2025
  • MIL-OSI United Kingdom: The Gaza Humanitarian Foundation’s operations are leading to mass casualties: UK statement at the UN Security Council

    Source: United Kingdom – Government Statements

    Speech

    The Gaza Humanitarian Foundation’s operations are leading to mass casualties: UK statement at the UN Security Council

    Statement by Fergus Eckersley, UK Minister Counsellor, at the Security Council meeting on the Middle East Peace Process.

    Let me start by underlining that the ceasefire between Israel and Iran offers a much-needed moment of hope for the region.

    This hope must extend to Gaza. We need a ceasefire now. 

    This remains the most credible path to end the terrible suffering of hostages and their families, to end Hamas’ control of Gaza and to allow Palestinians to rebuild.

    We also need a ceasefire because the suffering in Gaza is appalling and cannot continue.

    Israel’s aid delivery measures are inhumane. 

    The Gaza Humanitarian Foundation’s operations which are supposed to be saving lives, are themselves leading to mass casualties. 

    Starving people who are desperate to feed their families are told food awaits them. 

    But over 500 have reportedly been killed trying to access it.

    And meanwhile, UNICEF reports that more than 5000 children between the age of six months and five years old were admitted for acute malnutrition in May alone. 

    It is truly appalling.

    We are also deeply concerned by reports that Hamas has targeted Gaza Humanitarian Foundation staff and by reports of widespread looting by criminal gangs, which are undermining security around aid distribution.

    This is unacceptable.

    The more desperate people become, the more disorder becomes inevitable. The UN can deliver aid at scale without endangering civilians.

    Israel must let the UN save lives, open all access routes and allow fuel into Gaza.

    In addition, humanitarian workers need to operate in safety. 

    Just last week, another ICRC staff member was killed, a tragic reminder of the risks they face.

    We have repeatedly called for credible Israeli investigations into Israel’s killing of aid workers, including World Central Kitchen, the Palestinian Red Crescent, and the UNOPS strike. 

    Israel must provide accountability for these terrible actions and ensure they are not repeated, in line with its obligations under international law.

    Finally, amidst the bloodshed in Gaza, the situation in the West Bank is also deteriorating. 

    Israel’s withholding of tax revenues appears a deliberate effort to leave the Palestinian Authority crippled and unable to pay salaries.

    Military operations have displaced over 40,000 people. 

    Just last week, an attack by violent settlers on Kafr Malik led to the killing of three Palestinians. 

    We condemn settlement expansion and settler violence and we demand that the Israeli government puts an immediate end to these unlawful acts.

    We cannot stand by while the foundations of a two-state solution are systematically dismantled.

    Madam President, it is time to bring the war in Gaza to an end, and to get the hostages home. 

    And more than that, we must renew our collective efforts toward a just and lasting two-state solution, in which Israelis and Palestinians can both live side by side in peace and security.

    It is beyond time to come together behind a sustainable end to this conflict, which has blighted so many generations on both sides.

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

    July 1, 2025
  • MIL-OSI Africa: Stanbic Bank, National Basketball Association (NBA) Africa and Luol Deng Foundation Tip Off Second Season of Jr. NBA League in South Sudan

    NBA Africa (www.NBA.com), Stanbic Bank and the Luol Deng Foundation tipped off the second season of the Stanbic Jr. NBA League for boys and girls ages 16 and under at Nimra Talata Basketball Stadium in Juba, South Sudan last Saturday. 

    The league, featuring 28 boys and girls’ teams, will play regular season games through September, which will be followed by the second edition of playoffs and finals in October.

    Prior to the season’s tip-off, a league draw was held at St. Mark’s Orthodox School on Thursday, where participating school teams selected jerseys of NBA teams which they will represent throughout the season. This was followed by a basketball clinic for 40 coaches and educators on Friday. 

    The inaugural season’s finals took place at Nimra Talata Basketball Stadium in Juba last August with two-time NBA All-Star Luol Deng and 1995 NBA All-Star Cedric Ceballos in attendance. Juba One 76ers were crowned the inaugural season’s champions.

    The Jr. NBA/Jr. WNBA is the league’s global youth basketball program for boys and girls that teaches the fundamental skills and core values of the game – teamwork, respect, determination and community – at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents. The Jr. NBA/Jr. WNBA program has been launched in 19 African countries, reaching more than 350,000 youth from across the continent last year.

    Distributed by APO Group on behalf of National Basketball Association (NBA).

    MIL OSI Africa –

    July 1, 2025
  • MIL-OSI: VNBTC Launches Flexible Cloud Mining Contracts As Dogecoin Cloud Mining Gains Mainstream Recognition

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 30, 2025 (GLOBE NEWSWIRE) — Dogecoin cloud mining has emerged from a niche hobby to a mainstream opportunity in 2025, and VNBTC cloud mining takes center stage in Dogecoin cloud mining. The platform has launched a range of flexible cloud mining contracts that allow users of all experience levels to mine DOGE effortlessly, without the technical hurdles.

    Newcomers can start with a free $79 DOGE bonus, while more seasoned miners can choose from a variety of paid plans, from $100 to $70,000. Whether you’re trying to explore cloud mining or are ready to be a regular miner, VNBTC’s cloud mining platform is the right place. The platform provides daily payouts, secure accounts, and full transparency.

    How Does VNBTC’s Dogecoin Cloud Mining Work?

    • Sign Up and Receive a Free $79 DOGE Welcome Bonus – New users instantly get $79 in DOGE mining credits, no deposit required. This enables one to dive into cloud mining without fear of losing.
    • Choose a Mining Plan – VNBTC’s contracts are perfect for both beginners and expert miners. One can begin mining with as little as $100 or decide to put in up to $70,000
    • The platform is AI-driven – Behind the scenes, AI continually optimizes hashpower across VNBTC’s globally distributed, green-powered data farms. That means an efficient earning.
    • Activate account and track your daily earnings – Once activated, one can begin to track earnings daily. The dashboard shows real-time stats like hash rate, contract duration, and daily payouts.
    • Withdraw or Reinvest – When your contract finishes (or sooner, depending on the plan), you can withdraw crypto directly to your wallet or reinvest in a new plan. The VNBTC platform has a seamless mining process, evident from the ability to allow withdrawals.

    Ready to begin Dogecoin cloud mining without any upfront costs? Well,

    1. Go to the VNBTC official site and sign up, and get your $79 bonus
    2. Select your plan
    3. Sit back and watch earnings grow

    VNBTC Real User Experiences

    Here’s what actual users are saying about their experience with VNBTC’s cloud mining platform:

    1. “Clean and simple, just the way I want a mining service… transparent earnings! No hidden fees or surprises.” – Albert McGrath (UK, Verified on Trustpilot)
    2. “I was skeptical about jumping into Bitcoin mining, but VNBTC made the whole process a solid one! … Would highly recommend for beginners.”– Rob Banks (CA, Verified on Trustpilot)

    Final Thoughts

    VNBTC was launched in 2019 and has a legal operation certification, boosting user confidence in the platform. The platform has various ways to generate multiple income, such as an affiliate programme offering up to 3.5 % commission on referrals.

    Ready to take the path to becoming a crypto millionaire? Well, VNBTC could be the perfect solution. Do not waste much time, join the big community today and begin magically turning $79 into thousands of profits.

    Contact Information:

    Media Contact:

    James Carter

    Marketing Specialist, VNBTC

    James.Carter@vnbtc.com

    Support Contact:

    support@vnbtc.com

    The MIL Network –

    July 1, 2025
  • MIL-OSI: Byline Bank Included in U.S. News & World Report’s 2025-2026 Best Companies to Work For

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 30, 2025 (GLOBE NEWSWIRE) — Byline Bank is proud to announce its inclusion on U.S. News & World Report’s 2025-2026 list of the Best Companies to Work For. This list, released annually by the global authority in rankings and consumer advice, ranks companies by how well they support employees. This year, Byline Bank earned recognition in three categories: Best Companies in the U.S. overall, Best Companies in the Midwest, and Best in Finance and Insurance.

    “At Byline, we believe that when you take care of your people, you create a dynamic workplace environment where employees are engaged and committed to serving the needs of our customers and communities,” said Dana Rose, Chief Human Resources Officer at Byline Bank. “This recognition reflects our commitment to creating a workplace where every employee feels valued, supported and empowered to grow alongside the business. I am so proud of the culture we have built here and want to thank our incredible employees for making Byline such a great place to work.”

    The U.S. News rankings reflect the evolving criteria that workers consider when evaluating employers, including compensation and benefits, work-life balance and flexibility, job and company stability, physical and psychological comfort, a sense of belonging and esteem, and opportunities for career growth and development.

    “Workers understand the direct impact of a workplace on their quality of life,” said Carly Chase, Vice President of Careers at U.S. News & World Report. “The 2025-2026 list recognizes companies that received high scores on multiple metrics that make up a positive work environment and everyday employee experience.”

    To compile its annual list, U.S. News considered the 5,000 largest publicly traded companies as of January 2025, each with more than 75 Glassdoor reviews from 2021-2025. Employee sentiment data was analyzed alongside regulatory data from partners Revelio Labs, Good Jobs First’s Violation Tracker and QUODD to assess performance across six key metrics.

    This marks the second consecutive year Byline has been named one of the Best Companies to Work For in the Midwest, and the first year the bank has been recognized on both the National and Finance and Insurance industry lists.

    For more information on the Best Companies to Work For, visit the U.S. News FAQs and follow along on Facebook and X (formerly Twitter) using #BCTWF.

    About Byline Bank
    Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender. Visit bylinebank.com for more information, and follow Byline Bank on Facebook, LinkedIn, X or Instagram for the latest news and updates.

    About U.S. News & World Report
    U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, personal finance, travel, automobiles, real estate, careers and consumer products and services.

    Media Contact:
    Allison Roche
    Marketing Communications & Partnerships Manager
    Byline Bank
    aroche@bylinebank.com

    Investor Contact:                                                        
    Brooks Rennie                                                         
    Investor Relations Director                                         
    Byline Bank                                                         
    (312) 660-5805                                                        
    brennie@bylinebank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2cc1c4c0-b441-4169-971d-a4e7f2b9794c

    The MIL Network –

    July 1, 2025
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