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oil3 on the world market was 80% higher than a year earlier; Rus- sia’s Urals crude was up 90%. On October 22, the price

interest rates on bank loans the deterioration of the financial situation of Rus- and deposits for non-financial organisations and sian enterprises. In the 2nd quarter,

key issues related to banking. The Bank of Rus events organised, for example, by the Association of Rus sia also posts on its website its

contributed to the reduction of ag- gregate consumer price growth registered by Rus- sia’s trading partners. The slowdown in inflation was caused by sev-

quarter of 2009 slowed on its operations. By mid-May, the Bank of Rus- down considerably in April. sia interest rate band was shifted downwards by

diesel fuel and of December. As a result, the average price of Rus- fuel oil) and the London Metal Exchange for non-ferrous metals (aluminium, copper

and the other by VTB; meanwhile, banking sector liabilities increased rapidly as Rus sian banks borrowed abroad heavily under favourable terms and conditions. In the

down amid a significant decrease in Bank of Rus etary conditions for the economy. The Bank of Rus sia currency interventions due to a net

liquidity, the Bank used in conducting repo transactions with the Bank of Rus of Russia in August December extended long term loans sia. with a

wholesale and re The share of payments that entered the Bank of Rus tail trade and car and household appliance repairs 2.8%, sia payment