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and precious metals is converted to rubles using the period average USDRUB exchange rate. Source: Bank of Russia. Russia’s balance of payments indicators in

to pursue a policy of negative rates for Russian rubles. Now we are talking only about the exchange rates in connection with the actions and

largely offset its depreciation in March containing the upward pressure of the exchange rate on consumer prices. Household and business inflation expectations have overall stabilised

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 87 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 89 3.2.3. Official Exchange Rate:

the Russian currency market is stabilising and that expectations of possible future exchange rate volatility risks are decreasing. The Bank of Russia's measures and

the financial benchmark family RUSFAR (Russian Secured Funding Average Rate) and the functioning of Moscow Exchange as their administrator as satisfactory. The regulator lays down

changes in the foreign exchange Market flow Gold price changes 16,8 rates against the US dollar and the decrease Exchange rates changes -1,1

functioning of the financial market. Financial indicators, which represent benchmark interest rates, exchange rates, securities and commodity prices, play a key role in the functioning

commodity markets (2) As a result of the CDS of EMEs Ruble exchange rate (USD/RUB) and normalization of the situation (change on 02.01.