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However, the majority argued that the ruble appreciation was more associated with tight monetary policy. It was affecting the ruble exchange rate by both reducing

on trade relations as the main proxy for external relations. As a rule, data on financial relations are based on balance of payments statistics, the

of rubles (works, services), to individuals, billions of rubles (including customs duties), billions of rubles billions of rubles billions of rubles billions of rubles 1

of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top 10 credit institutions2 attracting the largest amount of household

lending to more solvent borrowers. According to Bank of Russia calculations, each ruble spent on a credit report may reduce the amount of an overdue