Press-releases

Bank of Russia Board of Directors decides to update its approach to compiling Lombard List (12.12.2025)

Fri, 12 Dec 2025 13:25:00 +0300

To implement the countercyclical approach to compiling its Lombard List, given that credit institutions have sufficient collateral, the Bank of Russia decided not to include in the Lombard List bonds of the following categories of financial organisations: development institutions, leasing, factoring, and microfinance organisations, special-purpose financial companies, and special-purpose project financing companies.

This decision is not applicable to mortgage-backed bonds of Limited liability company DOM.RF Mortgage agent and those bonds of the above issuers that have been already included in the Lombard List. The measure will not prevent the use of these bonds in Bank of Russia repo operations and lending operations (provided issuers/bond issues are compliant with Bank of Russia requirements).

The decision will become effective on 15 December 2025.

Information on calculating and publishing RUONIA during New Year holidays (12.12.2025)

Fri, 12 Dec 2025 11:51:00 +0300

The Bank of Russia has made the decision not to calculate and publish the RUONIA (Ruble Overnight Index Average) rate for 30 December 2025.

RUONIA for 12 January 2026 will be calculated and published on 13 January 2026. Beginning on 13 January 2026, RUONIA will be calculated and published as normal.

The RUONIA Index and Averages for the period from 30 December 2025 through 12 January 2026 will be calculated and published on 30 December 2025. Beginning on 13 January 2026, the RUONIA Index and Averages will be calculated and published as normal.

Bank of Russia files lawsuit against Euroclear with Moscow City Arbitration Court (12.12.2025)

Fri, 12 Dec 2025 09:30:00 +0300

The Bank of Russia files a lawsuit against Euroclear for recovery of damages with the Moscow City Arbitration Court. The said lawsuit is related to unlawful activities of the Euroclear depository that cause damage to the Bank of Russia and the fact that the European Commission officially considers proposals for direct or indirect use of Bank of Russia assets without authorisation.

The activities of the Euroclear depository have inflicted damage on the Bank of Russia, as the latter is unable to use its funds and securities.

Bank of Russia’s statement on European Commission’s plans to use Bank of Russia assets (12.12.2025)

Fri, 12 Dec 2025 09:05:00 +0300

On 3 December 2025, the European Commission published on its website the press release ‘Commission unveils two solutions to support Ukraine’s financing needs in 2026–2027’ and the draft regulation ‘Proposal establishing the Reparations Loan to Ukraine’, providing for unauthorised use of Bank of Russia assets held by European financial institutions, including the Euroclear depository. In view of the above, the Bank of Russia makes the following statement.

The proposed solutions where Bank of Russia assets may be used directly or indirectly or any other forms of unauthorised use of Bank of Russia assets are unlawful and contradict international law, including in respect of immunity of sovereign assets.

The release and implementation of the proposals announced on the European Commission’s website will certainly make the Bank of Russia challenge any direct or indirect activities that may result in the unauthorised use of Bank of Russia assets, file lawsuits with all available competent bodies, including national courts, judicial authorities of foreign states and international organisations, commercial courts, and other international judicial authorities, and seek enforcement of court decisions in UN member states.

The Bank of Russia reserves the right, without further notice, to apply all available remedies and protections if the proposed initiatives of the European Union are upheld or implemented.

Banking licence of Industrial Savings Bank revoked (12.12.2025)

Fri, 12 Dec 2025 08:34:30 +0300

By its Order No. OD-2812, dated 12 December 2025, the Bank of Russia revoked the banking licence of Moscow-based Joint-Stock Company Commercial Bank Industrial Savings Bank or Industrial Savings Bank (Registration No. 3175). The credit institution ranked 225^th by assets in the Russian banking system.¹

The Bank of Russia made this decision in accordance with Clauses 6 and 6.1 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’,² based on the facts that Industrial Savings Bank:

violated federal banking laws and Bank of Russia regulations, due to which the regulator repeatedly applied supervisory measures against it over the past 12 months;
failed to comply with the anti-money laundering and counter-terrorist financing laws.

The operations of the credit institution were chiefly focused on lending to high-risk borrowers. The bank systemically underestimated credit risk, which threatened its financial stability. Moreover, the bank was engaged in large-scale suspicious client transactions aimed at transferring funds to the shadow economy. The management and owners of the credit institution failed to take effective measures to mitigate the risks.

The Bank of Russia will inform law enforcement agencies about the transactions of Industrial Savings Bank bearing signs of misconduct.

The Bank of Russia also cancelled the professional securities market participant licence of Industrial Savings Bank.

By its Order No. OD-2813, dated 12 December 2025, the Bank of Russia appointed provisional administration to manage the credit institution. The provisional administration will exercise its functions until a receiver³ or a liquidator⁴ is appointed. The powers of the credit institution’s executive bodies were suspended under federal laws.

¹ According to the financial statements as of 1 December 2025.

² The Bank of Russia made this decision due to the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, numerous violations within one year of the requirements stipulated by Article 7.2 of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, and repeated application within one year of measures stipulated in the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’.

³ In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.

⁴ In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.

Meet the Fixies (04.12.2025)

Thu, 04 Dec 2025 13:41:00 +0300

On 5 December 2025, the Bank of Russia issues commemorative coins ‘The Fixies’ of the Russian (Soviet) Animation series:

– a 3-ruble silver coin,

– a 25-ruble nickel-plated steel coin, and

– a 25-ruble cupronickel coin with a coloured coating.

The animated series ‘The Fixies’ came out in Russia in 2010. It centres around adventures of small people who live in various gadgets and mechanisms. With their deep knowledge of technology, the Fixies make the modern world easy for children to understand.

Description of the precious metal coin:

The 3-ruble silver coin (fine metal content 31.1 g, fineness 925/1,000) has a round shape and is 39.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The obverse of the coin features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2025 г.’ (2025), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of the coin (Catalogue No. 5111-0532) features a coloured image of the characters of the animated series ‘The Fixies’ and the inscription ‘ФИКСИКИ’ (THE FIXIES) at the top.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 7.0 thousand pcs.

Description of the base metal coins:

The 25-ruble base metal coins have a round shape and are 27.0 mm in diameter.

The obverse and the reverse of the coins have a relief rim around the circumference.

The edge of the coins is corrugated.

The obverse of the coins features a relief image of the National Coat of Arms of the Russian Federation, the semicircular inscription above it along the rim ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) framed with paired diamonds on both sides, the Moscow Mint trademark on the right, and the three-line inscription in the centre of the coins under the coat of arms ‘БАНК РОССИИ’ (BANK OF RUSSIA), the coin denomination ‘25 РУБЛЕЙ’ (25 RUBLES), and the year of issue ‘2025 г.’ (2025).

The reverse of:

– the nickel-plated steel coin (Catalogue No. 5715-0004) features a relief image of the characters of the animated series ‘The Fixies’ and the inscription ‘ФИКСИКИ’ (THE FIXIES) at the top; and

– the cupronickel coin (Catalogue No. 5015-0078) features a coloured image of the characters of the animated series ‘The Fixies’ and the inscription ‘ФИКСИКИ’ (THE FIXIES) at the top.

The mintage of:

– the nickel-plated steel coin is 850.0 thousand pcs; and

– the cupronickel coin with a coloured coating is 150.0 thousand pcs.

The new coins are legal tender of the Russian Federation and are mandatory for acceptance for all kinds of payments without any restrictions at their face value.

Results of monitoring of credit institutions’ maximum interest rates (03.12.2025)

Wed, 03 Dec 2025 17:45:00 +0300

The November 2025 results of the monitoring of the maximum interest rates on deposits¹ in Russian rubles of the top 10 credit institutions² attracting the largest amount of household deposits are as follows:

The first 10 days of November – 15.32%;

The second 10 days of November – 15.50%;

The third 10 days of November – 15.62%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Maximum interest rates on deposits available to any client (including potential ones) without any limitations and preliminary conditions are taken into account. Deposits for special client categories (pensioners, children) and purposes (social, humanitarian, etc.) are excluded.

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for higher interest accrual may comprise, among other things, purchasing investment units in a certain amount, opening an investment account, concluding an agreement on investment or endowment life insurance, buying an extra service package, etc.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

² Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, Bank GPB (JSC) (354) – www.gazprombank.ru, AO ALFA-BANK (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, Joint Stock Company Bank DOM.RF (2312) – domrfbank.ru, CREDIT BANK OF MOSCOW (1978) – mkb.ru, TBank (2673) – www.tbank.ru, Promsvyazbank PJSC (3251) – psbank.ru, PJSC Sovcombank (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using the information provided by the said websites. The published values are indicative.

³ Average maximum interest rates on deposits: for up to 90 days – 14.87%; for 91 to 180 days – 15.24%; for 181 days to one year – 14.49%; and for over one year – 12.42%.

Anti-crisis measures for non-bank financial institutions in 2026 (03.12.2025)

Wed, 03 Dec 2025 11:47:00 +0300

To minimise the consequences of restrictions imposed by foreign states as well as to avoid potential sanctions against financial market participants and/or their counterparties, the Bank of Russia plans to extend into 2026 the right of non-bank financial institutions not to disclose the information specified in the decisions of its Board of Directors, dated 24 December 2024 and 14 February 2025.

Support measures for banks in 2026: temporary extensions and incorporation into regulation (02.12.2025)

Tue, 02 Dec 2025 10:20:10 +0300

The Bank of Russia plans to extend¹ certain support measures expiring in 2025 and will continue to incorporate decisions taking into account the national context into regulation.

Measures to be extended, including in a modified form, through 31 December 2026:

The right not to disclose the information that is sensitive to the sanctions-related risk, including data on the ownership structure, members of management bodies and other officers, material terms of the restructuring of credit institutions (CIs),² material facts affecting financial and business operations of CIs that are restructured through merger, acquisition, or transformation.
The obligation of CIs³ to disclose financial statements and the related auditor’s report excluding the data that are sensitive to the sanctions-related risk, as well as the right of CIs other than issuers not to disclose IFRS statements and the related auditor’s report in full. The regulator will continue to publish banks’ reporting without sensitive data and intends to supplement⁴ the information about ratios that is already being released on the Bank of Russia website with the values of the national liquidity coverage ratio. This approach will help maintain a balance between meeting market participants’ information needs and limiting the sanctions-related risk for banks and their clients.
The option for CIs, when lending to businesses in the new constituent territories of the Russian Federation and subject to ensuring proper risk control, to disregard individual regulatory requirements⁵ and maintain provisions of no less than 1% for certain types of loans⁶ and contingent credit liabilities (CCLs) or to reduce them to 0%, provided there is reliable collateral.⁷ This measure will enhance access to credit in the new constituent territories.
The increase in the maximum yields on ruble-denominated subordinated instruments issued by CIs to substitute those denominated in foreign currency and on subordinated deposits using the National Wealth Fund’s resources, as well as on the instruments with maturities of up to seven years, to the level of the Bank of Russia key rate + 5 pp (in the case of a floating rate). This decision boosts banks’ potential to raise subordinated debt.
The option to terminate CIs’ liabilities on subordinated instruments early (before the expiry of five years) due to the transfer of these liabilities to a special-purpose vehicle.

Measures to be extended and then incorporated into regulation, including in a modified form:

Not downgrading the assessment of the financial position, the quality of debt servicing, the quality category of collateral, loans, other assets, and CCLs when assessing the risks of borrowers that are servicemen and their family members, as well as the risks of small and medium-sized enterprises (SMEs) founded by servicemen.
Applying a reduced risk weight (up to 20%) to projects promoting technological sovereignty and structural adaptation of the economy, implemented through the concession mechanism, provided that there is a direct agreement between its participants under which the state (the concession grantor) assumes the risks of the lending bank. The approach whereby a project’s high creditworthiness is sufficient for assessing its quality (no ratings required) is also maintained.
Applying the list of offshore zones approved by the Bank of Russia Board of Directors to assess the transparency of CIs’ ownership structures. In the future, the regulator intends to codify the list of such jurisdictions into a Bank of Russia regulation for the purposes of establishing correspondent relations with foreign banks and determining the provisioning procedure. The Bank of Russia’s authority to establish such a list by issuing a regulation is proposed to be enshrined in law.
Including SME loans (claims, CCLs) of up to ₽100 million in the portfolio of homogeneous loans (claims, CCLs) if a borrower’s financial position is assessed as medium, as well as those assessed based on banks’ in-house indicators of borrower creditworthiness. This will help maintain access to credit for SMEs and simplify the assessment of SME loans (claims, CCLs).
Differentiating sureties and independent guarantees of regional guarantee organisations based on the quality categories of collateral taken into account to minimise the amount of provisions, in accordance with Order of the Russian Ministry of Economic Development No. 763.⁸ This will help maintain access to credit for SMEs.

¹ Considering, among other things, the discussed extension of the Bank of Russia’s special powers to make such decisions, provided for by Federal Law No. 46-FZ, dated 8 March 2022, ‘On Amending Certain Laws of the Russian Federation’, Federal Law No. 55-FZ, dated 14 March 2022, ‘On Amending Articles 6 and 7 of the Federal Law ‘On Amending the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Certain Laws of the Russian Federation with Regard to the Specifics of Changing the Terms and Conditions of a Loan Agreement’ and Article 21 of the Federal Law ‘On Amending Certain Laws of the Russian Federation’.

² Except for the information about the adoption of the decision on restructuring by the general meeting of shareholders (stakeholders).

³ Except for non-bank CIs that are central counterparties and the CI that is the central depository, which, as financial market infrastructures, apply the Decision of the Bank of Russia Board of Directors, dated 24 December 2024 (to be extended), as well as special resolutions of the Russian Government.

⁴ The process of state registration of amendments to reporting forms is in progress.

⁵ For example, if borrowers have no historical financial statements to be used to assess their financial position (FP); if there are formal signs of a possible lack of real activity of a borrower registered in a new constituent territory, provided that a CI recognises its activity as real; or the possibility (irrespective of the FP assessment) of assessing the quality of loan servicing as good before the payment dates established by the loan agreement or in the case of loan restructuring.

⁶ For example, working capital loans; loans issued for implementing state and municipal contracts; loans issued to borrowers that are housing developers; or loans issued for establishing or developing production in the new regions of the Russian Federation.

⁷ Collateral of quality category I in accordance with Chapter 6 of Bank of Russia Regulation No. 590-P, dated 28 June 2017, ‘On the Procedure for Credit Institutions to Make Loss Provisions for Loans, Loan and Similar Debts’.

⁸ Order of the Ministry of Economic Development of the Russian Federation No. 763, dated 28 November 2016, ‘On Approving the Requirements for Lending Support Funds (Guarantee Funds, Surety Funds) and Their Operations’.

Sergey Shevchenko appointed as Director of Real Estate Department (01.12.2025)

Mon, 01 Dec 2025 19:00:00 +0300

By the Order of the Bank of Russia Governor, effective 1 December 2025, Sergey Shevchenko has been appointed as Director of the Real Estate Department, where he previously held the position of Acting Director.

Before joining the Bank of Russia, Sergey Shevchenko worked for major financial and real estate development companies.

Maintenance on Bank of Russia website (28.11.2025)

Fri, 28 Nov 2025 18:00:00 +0300

On 29 November 2025, the Bank of Russia will carry out maintenance on its website, due to which there may be delays in its operation.

We apologise for any inconvenience.

Bank of Russia coins in souvenir set – 2025 (28.11.2025)

Fri, 28 Nov 2025 10:24:00 +0300

On 1 December 2025, the Bank of Russia issues a numismatic coin set in souvenir packaging consisting of:

– 1- and 5-copeck cupronickel plated steel coins,

– 10- and 50-copeck brass plated steel coins,

– 1-, 2-, and 5-ruble nickel plated steel coins, and

– 10-ruble brass plated steel coins.

The packaging features panoramic views of old Moscow where coins were minted from the end of the 14^th century. The first numismatic set was issued by the Bank of Russia in 2024.

The 1-copeck coin has a round shape and is 15.5 mm in diameter, the 5-copeck, 10-copeck, and 50-copeck coins are 18.5 mm, 17.5 mm, and 19.5 mm in diameter, respectively; the 1-ruble, 2-ruble, 5-ruble, and 10-ruble coins are 20.5 mm, 23.0 mm, 25.0 mm, and 22.0 mm in diameter, respectively.

The obverse and the reverse of the coins have a relief rim around the circumference.

The edges of the 1-, 5-, 10-, and 50-copeck coins are smooth, the edge of the 1-ruble coin is corrugated, and the edges of the 2-, 5-, and 10-ruble coins are intermittently corrugated.

The obverse of:

– the 1-, 5-, 10-, and 50-copeck coins features a relief image of Saint George the Victorious on horseback slaying a dragon with a spear with the inscription ‘БАНК РОССИИ’ (BANK OF RUSSIA) and the date of issue ‘2025’ around the circumference and the letters С-П (S-P, Saint Petersburg) denoting the mint on the right;

– the 1-, 2-, 5-, and 10-ruble coins features a relief image of the National Coat of Arms of the Russian Federation, the semicircular inscription above it along the rim ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) framed with paired diamonds on both sides, the Saint Petersburg Mint trademark on the right, and the two-line inscription in the centre of the coins under the coat of arms ‘БАНК РОССИИ’ (BANK OF RUSSIA), and the year of issue ‘2025’ (2025).

The reverse of:

– the 1-, 5-, 10-, and 50-copeck coins features a two-line inscription in the centre denoting the coins’ denominations ‘1 КОПЕЙКА’ (1 COPECK), ‘5 КОПЕЕК’ (5 COPECKS), ‘10 КОПЕЕК’ (10 COPECKS), and ‘50 КОПЕЕК’ (50 COPECKS), respectively, with a stylised image of branches of a plant at the bottom;

– the 1-ruble, 2-ruble, 5-ruble coins features a two-line inscription in the centre denoting the coins’ denominations ‘1 РУБЛЬ’ (1 RUBLE), ‘2 РУБЛЯ’ (2 RUBLES), and ‘5 РУБЛЕЙ’ (5 RUBLES), respectively, with a stylised image of branches of a plant on the left and on the right;

– the 10-ruble coin features a two-line inscription in the centre denoting the coin’s denomination ‘10 РУБЛЕЙ’ (10 RUBLES) against the background of a field containing vertical lines, with a stylised image of branches of a plant on the left and on the right. The figure ‘0’ features a security element inside in the form of the figure ‘10’ and the inscription ‘РУБ’ (RUB) visible at various viewing angles to the coin surface.

The coins are minted in the brilliant uncirculated quality.

The mintage of the set is 35.0 thousand pcs.

The coins in the numismatic set are legal tender of the Russian Federation and are mandatory for acceptance for all kinds of payments without any restrictions at their face value.

Donskoy Monastery, new coin in Architectural Monuments of Russia series (26.11.2025)

Wed, 26 Nov 2025 13:12:00 +0300

On 27 November 2025, the Bank of Russia issues a 25-ruble silver commemorative coin ‘Donskoy Stauropegial Monastery, Moscow’ of the Architectural Monuments of Russia series (Catalogue No. 5115-0168).

The 25-ruble silver coin (fine metal content 155.5 g, fineness 925/1,000) has a round shape and is 60.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The obverse of the coin features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘25 РУБЛЕЙ’ (25 RUBLES), the year of issue ‘2025 г.’ (2025), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of the coin features a relief image of the Donskoy Stauropegial Monastery against the background of the image of clouds, laser treated for matte finishing, and the inscriptions around the circumference: ‘ДОНСКОЙ МОНАСТЫРЬ’ (DONSKOY MONASTERY) at the top and ‘МОСКВА’ (MOSCOW) under a relief ornament at the bottom.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 1.0 thousand pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at its face value.

Results of monitoring of credit institutions’ maximum interest rates (26.11.2025)

Wed, 26 Nov 2025 09:46:00 +0300

The first 10 days of November – 15.32%;

The second 10 days of November – 15.50%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

³ Average maximum interest rates on deposits: for up to 90 days – 14.78%; for 91 to 180 days – 15.11%; for 181 days to one year – 14.40%; and for over one year – 12.42%.

Bank of Russia cancels certain letters concerning supervision of credit institutions involved in suspicious transactions (25.11.2025)

Tue, 25 Nov 2025 18:05:00 +0300

The Bank of Russia cancels its Letter No. 172-T, dated 4 September 2013, ‘On Priority Measures in Banking Supervision’ and Letter No. IN-01-12/23, dated 13 April 2021, ‘On the Criteria Used to Identify Signs of Credit Institutions’ Active Involvement in Cashless and/or Cash Transactions’.

The Bank of Russia issued the said documents to reduce the banking sector’s involvement in suspicious transactions and set out the toolkit, which was relevant at that time.

The consistent decline in the amount of suspicious banking transactions as well as prompt sharing of information about high-risk clients via the Know Your Customer platform has enabled the Bank of Russia to shift its supervisory focus towards enhancing the quality of banks’ internal AML/CFT control procedures and assessing the effectiveness of their activities aimed at preventing suspicious transactions.

Cosmos series: First Images of Venus’ Surface (14.11.2025)

Fri, 14 Nov 2025 10:16:29 +0300

In 1975, space probes Venera 9 and Venera 10 landed on the second planet from the Sun and transmitted the first images of its surface to Earth.

On 17 November 2025, the Bank of Russia issues a 3-ruble silver commemorative coin ‘The 50^th Anniversary of the Soft Landing of Descent Modules on Venus and the Acquisition of Panoramic Images of the Surface of Venus’ of the Cosmos series (Catalogue No. 5111-0531).

The 3-ruble silver coin (fine metal content 31.1 g, fineness 925/1,000) has a round shape and is 39.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The reverse of the coin features relief images of the space probe Venera 9 and its descent module against the background of a coloured image of Venus as well as the inscriptions ‘ПЕРВЫЕ ФОТОГРАФИИ ПОВЕРХНОСТИ ВЕНЕРЫ’ (FIRST IMAGES OF THE SURFACE OF VENUS) and ‘ВЕНЕРА-9, -10’ (VENERA 9, 10) around the circumference as well as ‘1975’ in the centre.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 3.0 thousand pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at its face value.