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Russian Federation, statistics on Russia’s foreign trade in services, the international reserves of the Russian Federation, direct investment in the Russian Federation, and direct

limited the opportunities for Russia to use its gold and foreign currency reserves. Accordingly, we need to employ a wide range of tools to maintain

e.g. when determining a quality category of collateral (Eurobonds) to minimise reserves (Bank of Russia Regulation No. 590-P, dated 28 June 2017), assessing the

of banks’ required reserves with the Bank of Russia -0.1 -0.1 0.0 0.4 2. Change in free bank reserves (correspondent accounts

forecast – Balance of payments Current account, billions of US dollars* Financial account & Reserves, $ bln* 140 200 120 150 100 100 80 50 60 0 40

reporting quarter, year (Q4. 2021) 7. International Reserves: Official reserve assets (weekly) weekly, on Thursday International Reserves: Official reserve assets (monthly), 07.02.2022 09.

bn Reserves, $bn Developed countries Emerging countries Russia 800 140% External debt/GDP 2020 = 33% 123% 700 Reserves/GDP 2020 = 41% 614.1 120% Reserves

Current and capital account balance 120 133 109 78 Financial account (excluding reserve assets) 55 79 52 45 Government and the central bank -15 3

banking sector by creating a capital reserve in credit institutions. In the event of a stress scenario, this reserve can be used to cover losses