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securities from our portfolio. We also look into the increase in required reserve ratios for ruble deposits and the option of cancelling privileges as regards

significant portion of investment restrictions on the management of pension savings, pension reserves, and insurance sector assets but also strengthen confidence in the mutual funds

of a Non-governmental Pension Fund to Pay Lifetime Non-governmental Pensions and Pension Reserves to Participants in a Non-governmental Fund for its Fulfillment to Another Non-governmental

specifics of their use in 2016: -- monetary policy implementation -- credit organisations required reserves -- Bank of Russia deposit operations -- refinancing -- Bank of Russia operations in securities

introduction of liquidity connected with financing of federal deficit funding through the Reserve Fund resources. Besides, OFZ sales can promote the upsurge of liquidity and

of GDP). Pension reserves exceeded 1 trillion rubles and amounted to 1.3% of GDP. Total pension savings, including the pension reserves, reached 5.9

the credit institution to minimise the risks assumed. Creation of loan loss reserves to cover the low-quality assets the banks acquired in May 2016 resulted

the Republic of Belarus. The parties also exchanged information on the international reserves and FX liquidity dynamics, as well as implementation of recommendations of the

on Bank of Russia refinancing operations is set to contract as the Reserve Fund is being spent to finance a budget deficit. However, the sustainable

10.2009 2.50 Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio on legal entities