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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

January 2007 slightly decreased as compared with January 2006. The share of Rus sian deliveries in the total value of imports by EU member states

than in 2005, overall production of export volumes contributed to growth in Rus growth in the manufacturing sector slowed down sian exports. Growth in the

interest rates on its operations. The lower limit of the Bank of Rus sia interest rate band, set by the interest rate on deposit operations

with Bank of Rus tomers. In addition, the share of communications that sia regional branches. In October 2005, the Bank of Rus failed to pass