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other debt obligations with a balance sheet value of 59,417 million rubles include the Russian government’s domestic currency loan bonds and external currency

market rates. In February 2012, GDP reaching the level of 2008. While external the Bank of Russia did not change interest rates demand for Russian

The dynamics of the major types of banks’ The slower growth in debt on foreign cur- liabilities is a factor that influences considerably rency loans

extended that year contracted by 2.4 of credit institutions dependent on external opera percentage points to 70.5%. tions (the ratio of dependence on

terbank market, was on the whole higher in 2008 than in on external operations (the indicator of dependence on 2007. It rose significantly at the

of Russia Regulation of March 26, 2004, the model provision “On the External Body of Control over No. 254 P “On the Procedure for Making