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at 175 bp above the key rate. to the spread of the coronavirus infection. At auction means the amount of funds extended (transferred) by the

rate of coronavirus cases was up 4.8 times from 15 September through 31 December, and the overall number of newly identified coronavirus cases in

Russian Federation, 2020 MARKET EXITS DURING THE PANDEMIC 2020 3 _________________________________________________________________________________________ ABSTRACT The coronavirus pandemic has hit economies across the globe, Russia being no exception. The

Measures to support consumers and business amid the coronavirus infection outbreak deterioration of credit Amid rising coronavirus infection rates in certain regions of the Russian

said parameters were set in March 2020 to support SICIs amid spreading coronavirus. These measures were temporary, and they will expire on 31 March 2021.

in January. As a result, the average interest uncertainty caused by the coronavirus rate on retail deposits may be expected to hover pandemic, banks remained

No. 1 / JANUARY 2021 3 EXECUTIVE SUMMARY MONTHLY SUMMARY Due to the coronavirus crisis, price movements were highly volatile in Russia in 2020, with alternating

and business sentiment in the context of partially lifted restrictive measures and coronavirus vaccination coverage. Sources: IHS Markit 10 GDP growth and basic output indicator

at 175 bp above the key rate. to the spread of the coronavirus infection. At auction means the amount of funds extended (transferred) by the

epidemic situation will improve, as well as adverse structural consequences of the coronavirus crisis. More details are available in the new issue of the review