Russia’s International Reserves

The Central Bank of the Russian Federation (Bank of Russia)

External and Public Relations Department

12 Neglinnaya Street, Moscow, 107016 Russia; tel: (095) 771 4417, 771 4669; fax: (095) 924 9216; http://www.cbr.ru

Information Notice

The External and Public Relations Department of the Bank of Russia announces that the Russia’s international reserves equalled $119.8 bn. as of December 17, 2004, against $120.3 bn. as of December 10, 2004.

The value of international reserves has decreased due to short-term market fluctuations and a general trend of growth in international reserves still persists.

23.12.2004

The reference to the External and Public Relations Department is binding if you intend to use this material.

The reference to the Press Service is mandatory if you intend to use this material.

23.12.2004 00.00.00