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Bank of Russia’s Board of Directors. Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) A credit institution’s required reserves

carried out pursuant to the Bank of Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) Average Weighted Interest Rates on Bank

of Funds Borrowed in Bank of Russia Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) Deposit Operations on Money Market “On

accounts where they are placed through non Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) cash transactions and/(or) in the

Bank of Russia’s Board of Directors. Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) A credit institution’s required reserves

rates indicated by a credit institution in Russia’s Regulation No. 236 Р of August 4, 2003 “On Procedure a bid for participation in the

accordance with the averaging ratio estab of Russia’s Regulation No. 236 Р. lished by the Bank of Russia). Intraday loans are extended as overdraft

as follows: Table 4.3.8 Р = (V1 Р1 + V2 Р2 + … +Vn Рn) / (V1 + V2 + … + Vn), where Discounted Bills Р is the average weighted interest

carried out pursuant to the Bank of Russia’s Regulation No. 236 Р. Note: Intraday loans are extended as overdraft credit (debiting The required reserves

Russia’s website and on the CBCREDIT Russia’s Regulation No. 236 Р of August 4, 2003 (with changes) page of the Reuters news agency