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of payments in the BRICS economies and the dominant channel of transmission vis--vis previous crises. The major findings of the study are covered in

current account deficit has widened, influenced by a larger decline in exports vis--vis imports. This decline in exports reflected a reduction in external demand.

CBR keeps a state register of MFIs and supervises MFIs directly and via SROs. Currently there are about 6,139 MFI companies. Consumer credit cooperatives

that the direct effects of access to credit on productivity mainly materialize via innovation- related investment. For example, Bircan and De Haas (2020) show that

which Russia signed visa regime agreements. Work patents are issued to migrants from the countries for which Russia does not require visas (e.g. Ukraine,

private sector has been a net comments to Table 1.6. creditor vis--vis nonresidents over the reporting period; when General government. This category is

amid the easing of monetary policy, and the successful implementation of settlements via escrow accounts to protect buyers of new housing against a loss of

and accommodation costs reimbursement norms for employees making brief 3 Passenger transportation via international routes is included in ‘transport services.’ 22 business trips abroad, accommodation

transfer via payment system (right-hand scale) a year earlier). Among recipients of remittances via payment COMPOSITION OF CROSS-BORDER TRANSFERS OF INDIVIDUALS (RESIDENTS AND NON-RESIDENTS) VIA

0.4 0.3 including via transfer services: – via the speedy funds transfer service 5.2 4.4 4.4 – via the non-speedy funds transfer