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to it in NPFs. trust management by the Pension Fund of the Rus- The licences of two NPFs were cancelled based on sian Federation in

The second-ranking currency in terms of its use in settlements was the Rus- sian ruble whose share of in- and outbound payments’ flows constituted 38.

Centre (JSC) 3466 82. ICBC Bank (JSC) 3475 83. JSC Sumitomo Mitsui Rus Bank 3494 The Kaluga Region 84. OJSC Gazenergobank, the city of Kaluga

91. Analyst inflation expectations, % YoY Figure 92. Analyst expectations for Bank of Rus- sia key rate, % 5,0 Jun-18 Jul-18 Aug-18 Actual changes Aug-18 Jun-18

may be explained by the specific struc- deposits with the Bank of Rus- -0.2 0.8 [-0.5; 0.1] 2 sia and coupon

Centre (JSC) 3466 81. ICBC Bank (JSC) 3475 82. JSC Sumitomo Mitsui Rus Bank 3494 The Kaluga Region 83. JSC Gazenergobank, the city of Kaluga

Centre (JSC) 3466 80. ICBC Bank (JSC) 3475 81. JSC Sumitomo Mitsui Rus Bank 3494 The Kaluga Region 82. JSC Gazenergobank, the city of Kaluga

Centre (JSC) 3466 80. ICBC Bank (JSC) 3475 81. JSC Sumitomo Mitsui Rus Bank 3494 The Kaluga Region 82. JSC Gazenergobank, the city of Kaluga

Initiatives (ASI), the Bank of Russia and the Educational Resource Design Wizard (Rus. “Конструктор образовательных ресурсов”), the event began on 10 April as part of

of Russia, the Ministry of Finance and the Educational Resource Design Wizard (Rus. “Конструктор образовательных ресурсов”). The test takes place as part of the annual