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30 Bank of Russia cuts the key rate by 200 bp to 18.00% p.a. 06 June 2025 13:30 Bank of Russia cuts

to 20 4 encourage economic growth on the back of, among other 18 18.4 2 2.1 things, the implementation of 16 16.2

of interest rates on corporate continued to ease since the 18 deposits, % per annum 18 loans in rubles, % per annum last Board meeting. Among other

18 1.05.18 1.06.18 1.07.18 1.08.18 1.04.18 1.05.18 1.06.18 1.07.18

Discussion 18 November 2025 12:17 Summary of the Key Rate Discussion 07 October 2025 18:27 Summary of the Key Rate Discussion 18 August

since the deposits, % per annum in rubles, % per annum previous Board meeting. 18 18 Among other things, this was 15 15 assited by the change

18 1.04.18 1.05.18 1.06.18 1.07.18 1.03.18 1.04.18 1.05.18 1.06.18

09.14 05.15 01.16 09.16 05.17 01.18 09.18 2012 2013 2014 2015 2016 2017 2018 Urals oil price, fact

deposit rate: 8.9% (Mar 2016) 40 40 18 Long-term loan rate: 13.8% (Mar 2016) 18 Interbank rate: 11.1% (May 2016) 30 30

01.17 04.17 07.17 10.17 01.18 04.18 07.18 10.18 2012 2013 2014 2015 2016 2017 2018 OPEC Crude