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AND KEY RATE • Monetary policy and key rate. On 20 March 2026, the Bank of Russia Board of Directors decided to cut the key rate

made for them. Accrued interest receivable/ The Bank of Russia key rate (hereinafter, the key rate) is an payable is included in related type of

solid foundations for future partnerships. We invite you to explore together the key topics of 2026 — from the digital ruble and crypto-assets to AI and

INFLATION RISKS ................................................................................................................................................................................................................................................................................................................................................................................................................................................ 8 CONCLUSIONS FOR MONETARY POLICY AND THE KEY RATE DECISION ............................................................................................................................................................................................................................................................................................................................................................................................................................................................... 9 Summary of the Key Rate Discussion 2 ECONOMIC SITUATION AND INFLATION MAIN

a 50 bp key rate cut to 15.00% per annum. Some discussants also provided arguments in favour of reducing the key rate by 100

systemic risks of the non-financial sector involves: • monitoring the situation in the key sectors of the Russian economy; • assessing the current and forecast financial position

in oil futures by Р26.1 billion. Moving in line with the key rate cut, OFZ yields continued to decline, by 41 bp on average

The Bank of Russia’s key priorities Corresponding UN SDGs Responsible procurement management Disclosure of information on important issues and key indicators of sustainable development

executive bodies and other key executives The entity’s remuneration system for its executive bodies and other key executives comprises key performance indicators creating material