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December 2017 ...............................................................................................................................275 21. Russia’s international reserves ......................................................................................................................276 22. Return on Bank of Russia foreign currency reserves in 2017 .......................................................................276 23. Basic derived indicators

the mounting amount of required reserves banks must maintain at the Bank of Russia — as a result of increased required reserve ratios under credit institutions

cover in future periods, as reflected in the insurer’s unearned premiums’ reserves, and increased by adding cover for the current period that was prepaid

No. 4297-U, dated 22 February 2017, ‘On the Procedure for Investing Insurance Reserve Funds and the List of Assets Eligible for Investment’ (hereinafter, the Ordinance

Reserves Ratios BULLETIN (percent) STATISTICAL Required reserve ratio Required reserve ratio Required reserve ratio BANK OF RUSSIA Required reserve ratio Required reserve ratio Required reserve

accounts to record required reserves in order to fulfil reserve requirements. The latter comprise required reserve ratios and a required reserve averaging ratio. Ruble nominal

Significant international reserves assuring financial Figure 8: Public debt to GDP among the lowest in both EM and DM stability (2016, %) Reserves Reserves/GDP = 27.

rate last 3M August 2018 the forecast August 2018 the forecast Federal Reserve (upper bond) 2,00% +25 bp 3,25% +25 bp 3,38