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the same reason and plans to ramp up its output by using reserve capacities, for which it will need to hire more employees. 22 Regional

Funds’ Pension Reserves Generation (millions of rubles) 4. Financial Institutions’ Performance Pension reserves Pension contributions, Earmarked receipts Pension reserves Payouts made Pension reserves at the

for the recovery of the international reserves? ELVIRA NABIULLINA: As regards the claims for the recovery of the international reserves, I can only say that

Russia’s Work: Results in Brief · 2021 RUSSIA’S INTERNATIONAL RESERVES Gold and foreign currency reserves are a critical tool to maintain financial stability that

mitigating other risks to financial stability. Due to the freezing of its reserves in unfriendly jurisdictions, the Bank of Russia lost the ability to intervene

of Russia proposes to change the rules for investing pension savings and reserves so that non-governmental pension funds could increase their investments in long-term infrastructure

of banks’ required reserves with the Bank of Russia -0.1 0.7 0.0 0.6 2. Change in free bank reserves (correspondent accounts

On Mandatory Reserve Requirements’. B Source: Bank of Russia. REQUIRED RESERVES AVERAGING SCHEDULE FOR 2020-2021 AND INFORMATION ON CREDIT INSTITUTIONS’ COMPLIANCE WITH RESERVE REQUIREMENTS Table

the relative world commodity prices decline, the Russian GDP in terms of reserve currencies (the renminbi, dollar, etc.) will decline more than in real terms.

Funds’ Pension Reserves Generation Bank of Russia Statistical Bulletin (millions of rubles) Pension reserves Pension contributions, Earmarked receipts Pension reserves Payouts made Pension reserves at