Normally they will inform successful applicants first, and then the not very successful ones.
My experience living/volunteering/traveling in russia and russian proficiency are the reason I applied for this program. But I bet the consortium have seen better CVs, so I'm quite anxious. I graduated from Voronezh State University, btw.
Also, I read somewhere that the EC are doing something new this year, and a number of scholarships will be allocated to specific geographical windows (regions) outside the mainlists (their version of affirmative action). It means better chances for applicants from third world countries, but could also mean that the process of actually approving the list will be less predictable than before. But I could be wrong, of course.