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a row, the share of enterprises that mentioned the change in the ruble exchange rate as the reason for the expected increase in prices continued

of 1 January 2021 exceeded 1.19 trillion rubles. At the same time, 126.7 billion rubles from escrow accounts for completed construction projects have

Russia Ordinance No. 5642-U, dated 2 December 2020, ‘On Requirements for the Rules of Trust Management of a Unit Investment Fund Whose Investment Units Are

higher costs and increased pressure on prices, including due to a weaker ruble. Nonetheless, companies’ estimates of the current situation and business climate prospects are

interest rate on retail rates on loans in rubles, %* interest rates on deposits in rubles, %* deposits in rubles of top-10 banks and Bank of Russia

Russia, and on Requirements for the Registration of Amendments to Financial Platform Rules by the Bank of Russia’ (becomes effective 10 days after its official

operational risk. Banks with a universal licence shall comply with the new rules beginning on 1 January 2023. Banks with a basic licence and non-bank

as compared to 2020 Q3. However, as reported down by a weaker ruble, an annual decline in by the FCS, the quantities of GNS exports

supervise microcredit companies (MCCs) with assets and loan portfolio exceeding 100 million rubles as well as consumer credit cooperatives (CCCs) and agricultural credit consumer cooperatives

a range of temporary factors, including those associated with last year’s ruble weakening, tapers off and the high price growth rates recorded in late