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Press-releases Bank of Russia contests EU regulation which construes Bank of Russia’s sovereign assets as element of financial support for third country (25.05.2026) On 22 May 2026, the Bank of Russia filed a claim to the General Court of the European Union (based in Luxembourg) to challenge Regulation No. 2026/467 of the European Parliament and the Council, dated 24 February 2026. The claim is to contest the legal and financial framework established by the above EU regulation to provide support to Ukraine in 2026–2027 insofar as the regulation stipulates that the EU reserves an alleged right to make use of the Bank of Russia’s immobilised assets to repay the loan granted by the EU to Ukraine. This constitutes an illegal and concealed form of the use of assets as loan collateral and/or further legalisation of the expropriation of sovereign assets. In terms of its content and legal consequences, the EU regulation contested by the Bank of Russia is beyond the scope of ordinary measures of financial and economic cooperation with a third country. The EU’s framework challenged by the Bank of Russia treats its sovereign assets as an element of financial support for a third country, altering the legal and economic regime of sovereign assets, and thus violates the legal rules of the EU and the fundamental rights and applicable principles of international law, including the sovereign immunity of states and their central banks. The claim was filed pursuant to Article 263 of the Treaty on the Functioning of the European Union as part of the ongoing efforts to protect the Bank of Russia’s rights and legal interests against the EU’s unlawful actions in relation to the Bank of Russia’s assets. The Bank of Russia reserves all rights, claims, counterclaims, and defences in all jurisdictions available to it to contest any illicit measures taken by the EU or any member state of the EU in relation to the Bank of Russia or its assets. 2 days ago Results of monitoring of credit institutions’ maximum interest rates (21.05.2026) The May 2026 results of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top ten credit institutions2 attracting the largest amount of household deposits are as follows: the first 10 days of May – 13.04%; the second 10 days of May – 13.04%. 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 – 12.60%; for 91 to 180 days – 12.74%, for 181 days to one year – 12.48%; and for over one year – 11.42%. 6 days ago Dedicated to Nikolay Burdenko – founder of Russian neurosurgery (21.05.2026) On 22 May 2026, the Bank of Russia issues a 2-ruble silver commemorative coin ‘Surgeon Nikolay Burdenko, Timed to the 150th Anniversary of His Birth’ of the Outstanding Personalities of Russia series (Catalogue No. 5110-0195). Nikolay Burdenko was the founder of Russian neurosurgery and the Main Surgeon of the Red Army between 1937 and 1946. He initiated the establishment of the Academy of Medical Sciences of the USSR and served as its first president. He authored numerous scientific papers; and his treatment methods are studied at universities and used during complex surgeries. The 2-ruble silver coin (fine metal content 15.55 g, fineness 925/1,000) has a round shape and is 33.0 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 ‘2 РУБЛЯ’ (2 RUBLES), the year of issue ‘2026 г.’ (2026), 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 portrait of Nikolay Burdenko standing at a table with medical instruments against the background of a military hospital operating theatre, laser treated for matte finishing, and the inscription ‘Н.Н. БУРДЕНКО’ (N.N. BURDENKO) below in a matted section and the years of his birth and death ‘1876’ and ‘1946’ in two lines on the left.
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. 6 days ago Results of monitoring of credit institutions’ maximum interest rates (18.05.2026) The May 2026 results of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top ten credit institutions2 attracting the largest amount of household deposits are as follows: the first 10 days of May – 13.04%. 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, purchase of investment units in a certain amount, opening of an investment account, conclusion of 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 – 12.64%; for 91 to 180 days – 12.72%, for 181 days to one year – 12.50%; and for over one year – 11.42%. 9 days ago Results of monitoring of credit institutions’ maximum interest rates (05.05.2026) The April 2026 results of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top 10 credit institutions,2 attracting the largest amount of household deposits are as follows: – the first 10 days of April – 13.43%; – the second 10 days of April – 13.39%; – the third 10 days of April – 13.06%. 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 – 12.64%; for 91 to 180 days – 12.77%; for 181 days to one year – 12.50%; and for over one year – 11.42%. 22 days ago Cities of Labour Valour series: new coins (30.04.2026) On 4 May 2026, the Bank of Russia issues 10-ruble base metal commemorative coins of the Cities of Labour Valour series: – ‘Barnaul’ (Catalogue No. 5714-0108); – ‘Kamensk-Uralsky’ (Catalogue No. 5714-0109); – ‘Kirov’ (Catalogue No. 5714-0110); – ‘Kolomna’ (Catalogue No. 5714-0111); – ‘Komsomolsk-on-Amur’ (Catalogue No. 5714-0112); – ‘Krasnoyarsk’ (Catalogue No. 5714-0113); – ‘Magadan’ (Catalogue No. 5714-0114); – ‘Penza’ (Catalogue No. 5714-0115). The coins have a round shape and are 22.0 mm in diameter. The obverse and the reverse of the coins have a relief rim around the circumference. The edge of the coins is intermittently corrugated and has alternating sections with different numbers of ridges thereon. The obverse of the coins features the inscriptions around the circumference: ‘БАНК РОССИИ’ (BANK OF RUSSIA) at the top and ‘2026’ at the bottom. There are images of laurel and oak twigs on the left and right, respectively. The figure ‘10’ and the inscription ‘РУБЛЕЙ’ (RUBLES) below denoting the face value of the coin are in the centre. 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 Moscow Mint trademark is at the bottom.
The reverse of: – of the coin ‘Barnaul’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘БАРНАУЛ’ (BARNAUL) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Kamensk-Uralsky’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КАМЕНСК-УРАЛЬСКИЙ’ (KAMENSK-URALSKY) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– the coin ‘Kirov’ features a relief image of a fragment of the To Kirov Residents – Home Front Workers monument and the inscriptions on the outer ring ‘КИРОВ’ (KIROV) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Kolomna’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КОЛОМНА’ (KOLOMNA) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Komsomolsk-on-Amur’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КОМСОМОЛЬСК-НА-АМУРЕ’ (KOMSOMOLSK-ON-AMUR) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Krasnoyarsk’ features a relief image of a fragment of a memorial complex timed to the 70th anniversary of the Victory in the Great Patriotic War – the Woman and Teenager Assembling a Mortar sculptural composition and the inscriptions on the outer ring ‘КРАСНОЯРСК’ (KRASNOYARSK) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Magadan’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘МАГАДАН’ (MAGADAN) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;
– of the coin ‘Penza’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘ПЕНЗА’ (PENZA) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon.
The mintage of the coins is 1.0 million pcs of each design. 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. 27 days ago Bank of Russia’s decisions on macroprudential policy (29.04.2026) 1. The Bank of Russia has tightened macroprudential limits (MPLs) for mortgage loans to purchase housing under construction and existing housing in apartment buildings for 2026 Q3 and has not revised macroprudential add-ons. As of 1 April 2026, the proportion of outstanding mortgages to purchase housing in apartment buildings overdue for more than 90 days came in at 1.0%1 (0.6% as of 1 April 2025 and 0.9% as of 1 January 2026). Growth in overdue mortgages was largely driven by the loans issued in 2023–2024 as part of the large-scale subsidised mortgage programme. The MPLs effective from 1 July 2025 restrict the provision of high-risk mortgage loans. In 2026 Q1, mortgages issued to borrowers with the debt service-to-income ratio (DSTI) above 80% accounted for 4% (vs 6% in 2025 Q1), and those with a down payment of not more than 20% of the housing price made up 1% (vs 6% in 2025 Q1) of total mortgages issued. To limit the provision of high-risk mortgages and further improve the structure of the mortgage portfolio, the Bank of Russia decided to tighten the MPLs in these segments. However, this restriction will not result in a larger portion of rejected mortgage applications, as it is consistent with the current structure of the mortgage portfolio in 2026 Q1. MPLs for mortgages to be applied by banks with a universal licence in 2026 Q3
To cover risks arising from earlier issued loans, banks have accumulated a macroprudential capital buffer of 1.4%3 of the mortgage portfolio4 as of 1 April 2026. 2. The Bank of Russia has tightened MPLs for IHC5 mortgages and home equity loans for 2026 Q3. The MPLs effective from 1 October 2025 restrict the provision of IHC mortgages and home equity loans to borrowers with high DSTI who delay their repayments more often. In 2026 Q1, the proportion of IHC mortgages issued to borrowers with DSTI above 50% and 80% came in at 44% and 13%, respectively.6 The portion of home equity loans issued to borrowers with DSTI above 50% and 80% stood at 19% and 8%, respectively.7 The proportion of IHC mortgages overdue for more than 90 days reached 4.4% as of 1 April 2026 (3.4% as of 1 April 2025 and 4.0% as of 1 January 2026), which is attributed to both delays in apartment building construction by certain contractors and higher DSTI. The quality of home equity loans is deteriorating. Specifically, as of 1 April 2026, the proportion of such loans overdue for more than 90 days came in at 6.1% (3.6% as of 1 April 2025 and 5.1% as of 1 January 2026). To limit lending to borrowers with very high DSTI, the Bank of Russia has tightened the MPLs in these segments for 2026 Q3. The regulator has set a new MPL for IHC mortgages to restrict the issue of loans to borrowers with DSTI above 50%. Similarly to MPLs in other lending segments, limits for IHC mortgages will apply on an ‘inclusion’ basis: a limit is set for IHC mortgages issued to borrowers with DSTI above 50%, and in this category, an included sublimit is set for IHC mortgages issued to borrowers with DSTI above 80%. MPLs for IHC mortgages and home equity loans to be applied by banks with a universal licence in 2026 Q3
3. The Bank of Russia has kept the current MPLs and macroprudential add-ons for unsecured consumer loans (microloans) unchanged.8 In 2025, the unsecured consumer lending market saw the materialisation of previously accumulated risks. As of 1 April 2026, the portion of non-performing9 loans was 13.1% (vs 10.8% as of 1 April 2025 and 13.0% as of 1 January 2026), which was due to the maturity of loans issued during the 2023–2024 credit overheating period and the ongoing contraction of the loan portfolio.10 The leading indicators of loan servicing are gradually improving. The proportion of outstanding loans overdue for more than 30 days after the first three months on book stood at 0.8% for cash loans granted in January 2026 and 2.7% for credit cards (-1.0 pp and −0.5 pp vs January 2025). To cover risks arising from earlier issued loans, as of 1 April 2026, banks accumulated the macroprudential capital buffer of 8.3%11 of the portfolio net of loan loss provisions, which may be released by the Bank of Russia in the future if banks have difficulties covering losses on the existing loans. The MPLs set for unsecured consumer loans (microloans) restrict the issue of high-risk loans (microloans) to borrowers with high DSTI. Therefore, the Bank of Russia keeps them unchanged. The proportion of new unsecured consumer loans (microloans) issued to borrowers with DSTI above 50% fell from 24% in 2025 Q1 to 18% in 2026 Q1. 4. The Bank of Russia has kept the MPLs12 for car loans13 unchanged for 2026 Q3 and tightened the MPLs for general-purpose consumer loans (microloans) secured by motor vehicles. The values of macroprudential add-ons have not been revised. MPLs have helped significantly improve the lending structure in the segments of car loans and general-purpose loans (microloans) secured by motor vehicles. In 2026 Q1, the portion of car loans and general-purpose loans (microloans) secured by motor vehicles issued to borrowers with DSTI exceeding 50% decreased to 17% and 10% (vs 20% and 43% in 2025 Q1), respectively. As of 1 April 2026, the accumulated macroprudential capital buffer accounted for 2.5% of the portfolio of these loans net of loan loss provisions. For 2026 Q3, the Bank of Russia has kept the MPLs for car loans applicable in 2026 Q2 unchanged and tightened the MPLs for general-purpose consumer loans (microloans) secured by motor vehicles. MPLs for general-purpose consumer loans secured by motor vehicles to be applied by banks with a universal licence and MFOs in 2026 Q3
5. The Bank of Russia has not revised the risk-weight add-on for the increase in credit claims on large highly leveraged companies. From 1 March 2026, the macroprudential add-on for the increase in banks’ credit claims on large highly leveraged companies was significantly raised from 40% to 100%. From the date when the add-on was set (1 April 2025) to 1 April 2026, outstanding corporate loans totalling ₽3.8 trillion became subject to the macroprudential add-on, and banks accumulated a macroprudential capital buffer of ₽63 billion for the increase in their credit claims. In the future, the Bank of Russia may continue raising the add-on if banks’ risks arising from claims on such companies increase. 6. Macroprudential add-ons for corporate foreign currency credit claims have not been revised. In 2026 Q1, the share of foreign currency in the corporate loan and bond portfolios, adjusted for foreign currency revaluation,14 edged up from 12.1% to 12.3%.15 Currently, there is no need to encourage the decrease in the portion of foreign currency in the loan portfolio, as foreign currency loans are mainly taken out by exporter companies that have sufficient foreign currency revenues to fulfil their obligations. 7. The Bank of Russia has not revised the value of the national countercyclical buffer effective since 1 July 2025 (0.5 pp to banks' capital adequacy ratios). Credit to the economy is expanding at a balanced pace. According to the Bank of Russia’s estimates, banks have sufficient capital buffers to sustainably finance the economy this year and in subsequent periods, taking into consideration decisions on macroprudential instruments that have already been made as well as the scheduled increase in macroprudential add-ons to capital adequacy ratios.16 Banks are making further efforts to gradually restore the capital adequacy ratio. As of 1 April 2026, it came in at 13.9%17 across the banking sector (13.2% as of 1 January 2026 vs 12.5% as of 1 January 2025). Therefore, the value of the national countercyclical buffer remains unchanged. 1 According to Reporting Form 0409704. 2 Loan-to-value ratio – the ratio of the mortgage loan principal to the fair value of the collateral. 3 According to Reporting Forms 0409114 and 0409135. 4 Net of loan loss provisions. 5 Individual housing construction. 6 In 2025 Q1, these proportions stood at 59% and 36%, respectively. 7 In 2025 Q1, these proportions stood at 70% and 44%, respectively. 8 For credit institutions and microfinance organisations (MFOs). 9 Non-performing loans are loans included in IV and V quality categories (Section 1 of Reporting Form 0409115) with a 100% probability of default (Section 1.1 of Reporting Form 0409115) and overdue for more than 90 days (Section 3 of Reporting Form 0409115). 10 As of 1 April 2026, the portfolio of unsecured consumer loans contracted by 3.1% YoY. 11 Calculated as a share of the outstanding loan portfolio net of loan loss provisions. 12 For credit institutions and MFOs. 13 Loans (microloans) issued for purchasing a motor vehicle secured by the motor vehicle being purchased. 14 Adjusted for the revaluation of the yuan against the ruble as of 1 April 2026. 15 According to Reporting Form 0409101. 16 In accordance with Bank of Russia Instruction No. 220-I, dated 26 May 2025, ‘On Required Ratios and Capital Adequacy Buffers for Banks with a Universal Licence and on the Bank of Russia’s Supervision over Compliance with Them’, total add-ons (taking into account the countercyclical capital buffer of 0.5 pp) have been raised from 1.25 pp as of 1 July 2025 to 2.0 pp from 2026 for systemically important credit institutions and from 1.0 pp to 1.5 pp for other banks. 17 According to Reporting Forms 0409123 and 0409135. The indicators are calculated based on the figures of credit institutions that should comply with the relevant requirements. The calculation excludes the data from the bank of non-core assets. 28 days ago Operation of Bank of Russia Payment System on 11 May 2026 (28.04.2026) On 11 May 2026, the Bank of Russia Payment System will operate according to the schedule below. Operation schedule of the Bank of Russia Payment System on 11 May 2026
29 days ago Объявление о продаже юридического лица
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