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currency reserves, we have sufficient gold and foreign currency reserves. There is currently no special objective to increase the gold and foreign currency reserves. As

Private Pension Funds’ Pension Reserves Generation (millions of rubles) Pension reserves Pension contributions, Earmarked receipts Pension reserves Payouts made Pension reserves at the beginning of

funds (NPFs) surged 1.2% to 3.1 trillion rubles while pension reserves rose 1.6% to 1.6 trillion rubles. According to the Review

persons due to the lack of sufficient funds in pension savings (pension reserves); • they fail to comply with the deadline for exercising control over the

mutual insurance companies with a small amount of total assets where insurance reserves are invested (less than 1 million rubles) — through 31 December 2023. • Maintaining12

and hold them in UIFs’ assets (pension reserves) instead of Eurobonds that were part of UIFs’ assets (pension reserves) if such bonds do not conform