Ministry of Finance Proposes Limiting Cash Deposits by Individuals at ATMs
The Russian Ministry of Finance has prepared a draft law to limit cash deposits via ATMs. For individuals, the amount will be limited to 1 million rubles per month. The document was sent for approval to the Central Bank and Rosfinmonitoring in mid-January.
Currently, cash can be deposited into a bank account via ATMs in any quantity. The reform is proposed to further “whiten” the economy, as stated in the explanatory note. In this way, the ministry intends to prevent money of “unidentified origin” from entering the non-cash circulation.
It is planned that the law may come into force 180 days after adoption — banks will be given six months to adapt to the new regulations.
The plan to “whiten” the Russian economy began in the Russian government in December 2025. As part of it, the Ministry of Finance has already proposed mandatory cash collection for individual entrepreneurs upon reaching a certain turnover threshold — in other words, to prohibit keeping operational funds in cash.
Residential and Office Buildings to Be Constructed in Two Moscow Districts Under Integrated Territory Development Projects
New integrated territory development projects are underway in Moscow. These involve sites in the Central and Northern districts with a total area of 13 hectares. The areas will be built up with residential buildings and commercial structures. The relevant decisions were approved by the Mayor of Moscow.
The sites are planned to accommodate about 190,000 square meters of real estate. Part of the housing will go towards the renovation program, and social, public-business, and other facilities will also appear.
Basmanny District: Housing and Sports
The largest project will be implemented in the Basmanny district. Sites with an area of 9.53 hectares will be reorganized here — at the intersection of Tsentrosouzny and Balakirevsky lanes, between Bakuninskaya Street and the MCD-3 railway lines.
- The urban development potential of the territory is estimated at approximately 137,000 square meters. The main part will consist of new construction, with about 1,400 square meters of existing buildings to be preserved.
- Old buildings will be replaced by housing for relocation under the renovation program and social infrastructure. The construction of a sports complex with an area of about 7,000 square meters is planned.
- The complex of dormitories of the former 19th-century paper yarn factory of merchant Gorelov, built according to the design of architect Viktor Lunts, will be preserved, as well as two sculptures from the 1970s: a monument to Vladimir Lenin and a monument to the workers of the Moscow Food Combine who died during the Great Patriotic War.
Savelyovsky District: Business Cluster
In the district, sites with a total area of 3.49 hectares will be reorganized. They are located on Vyatskaya Street, near the intersection of Bashilovskaya and 4th Vyatsky Lane. The development potential here is 52,350 square meters. The territory will host a retail gallery with offices, bank branches, fitness centers, cafes, and restaurants.
- The club of the “Svoboda” factory — an object of cultural heritage of regional significance — will be preserved. The building, constructed in the late 1920s according to the design of Konstantin Melnikov, recently underwent comprehensive restoration. Upon its completion, the “Moscow” House of Russian Billiards opened here.
Program Results and Scale
The implementation of the two projects will create about 2,500 jobs. Nearly 2,300 people will receive new housing.
- The integrated territory development program in Moscow continues to expand. By the end of January 2026, city authorities had approved 178 such projects. Their total area exceeds 1,600 hectares. In the future, it is planned to build more than 33 million square meters of real estate.
Workers in South Korea Save Over 8 Hours Per Week Thanks to AI
Employees of South Korean companies save an average of more than 8 hours of working time per week through the use of generative artificial intelligence. This is according to a survey.
- According to the study’s results, without the use of such technologies, workers would have to spend an additional 8.4 hours per week on work. In terms of percentage, this is equivalent to a reduction in working time of almost 18%.
- The survey involved about 3,000 people over the age of 20. More
Basmanny district
The Basmanny district is a historic central area of Moscow, Russia, named after the 14th-century royal bakery (*basmannaya sloboda*) that supplied bread to the imperial court. It later evolved into a prestigious residential district for nobility and merchants, and today is known for its preserved classical architecture, cultural institutions, and as a major educational and business hub.Tsentrosouzny lane
Tsentrosouzny Lane is a historic pedestrian street in the heart of Moscow, located near the Kremlin. It was created in the 1920s as part of a large-scale Soviet construction project for the Central Union of Consumer Societies, from which it gets its name. Today, it is a popular, upscale shopping and dining destination known for its restored early 20th-century architecture.Balakirevsky lane
Balakirevsky Lane is a historic street in Moscow, Russia, named after the 19th-century composer Mily Balakirev, a leader of the Russian nationalist music group “The Five.” Located in the Basmanny District, the lane is part of the old city and is known for its preserved pre-revolutionary architecture, including the notable 18th-century Church of St. Nicholas on Bolvanovka.Bakuninskaya Street
Bakuninskaya Street is a major thoroughfare in Moscow, Russia, named in 1918 for the famous Russian anarchist and revolutionary, Mikhail Bakunin. Historically, the area was part of the German Quarter (Nemetskaya Sloboda), a district where foreign specialists lived from the 17th century onward. Today, it is a bustling street known for its mix of residential buildings, educational institutions, and Soviet-era architecture.MCD-3 railway lines
“MCD-3” refers to the third line of the Moscow Central Diameters (MCD), a commuter rail network launched in 2023 to integrate suburban and metro services in the Moscow region. This specific line, named the Leningradsko-Kazansky Diameter, connects Zelenograd and Ramenskoye, repurposing and modernizing existing Soviet-era railway infrastructure to reduce congestion and improve transit across the capital.19th-century paper yarn factory of merchant Gorelov
The 19th-century paper yarn factory of merchant Gorelov was a significant industrial enterprise in Russia, established during a period of rapid textile manufacturing growth. It specialized in producing durable yarn from paper, a cost-effective alternative to traditional materials, reflecting the era’s technological innovation. While the factory’s specific operational history is less documented, it represents the broader legacy of merchant-class industrialists who drove Russia’s economic modernization in the late Imperial period.monument to Vladimir Lenin
The Monument to Vladimir Lenin is a type of public statue found in many former Soviet states and allied nations, erected primarily during the 20th century to honor the founder of the Soviet Union. These monuments served as symbols of communist ideology and state power, with the most famous one historically located in Moscow’s October Square. Following the dissolution of the USSR in 1991, many of these statues were removed or relocated, though some remain as historical artifacts.monument to the workers of the Moscow Food Combine
The Monument to the Workers of the Moscow Food Combine is a Soviet-era memorial located in Moscow, dedicated to the employees of the large state-run food production facility. It was erected in the 1970s to honor the labor and contributions of industrial workers to the city’s supply and the national economy during the USSR. The sculpture typically depicts figures of workers, symbolizing the era’s emphasis on collective industry and proletarian pride.
