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knowledge, cultures, and practices.
That is why this Catalogue is not just a list of training
programs, but an invitation to engage in meaningful
professional
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2021 (5.0% per year on average).
• Consolidated budget balance: Analysts expect a slightly smaller consolidated budget deficit over the entire horizon: 2.5% of
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of changes in bank lending conditions and demand for loans based on a quarterly survey of the largest Russian banks
Monetary Policy
4
11.03.
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accounting for the bulk of the market.
NFIs’ advancement was driven by a significant inflow of household funds into the financial market since 2019. The
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billion from $10.4 billion in the corresponding period of 2025 as a result of the same tendencies.
Billions of US dollars
Key Aggregates January
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economy.
There are 305 operating banks (214 banks with a universal licence, 91 banks with a basic licence) and 53 non-bank financial institutions in Russia.
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market manipulation in on-exchange trading of the Moscow Exchange for securities of a number of issuers. The transactions were carried out on personal accounts of