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of the Russian Federation (Bank of Russia)’. PJSC Bank Smolevich implemented high-risk policy connected with placement of funds into low-quality assets. As a result of

relations services cover advisory, managerial and operational assistance services associated with business policy and strategy, etc.; organization, conduct and moderation of seminars, training courses; projects

the Russian Federation (Bank of Russia)’. PJSC JSCB EUROMET implemented high-risk lending policy connected with placement of funds into low-quality assets. As a result of

2010 Kowalski, P., et al., State-owned Enterprises. Trade Effects and Policy Implications, OECD Trade Policy Papers, No. 147, OECD Publishing, 2013 Timmer, Marcel P., and

of policy holders eligible for term pension payment accumulated as of the date of licence cancellation. These amounts will be transferred for each policy holder.

BANK OF RUSSIA MONETARY POLICY BANK OF RUSSIA No. 7 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY (266) STATISTICAL 77

of the Russian Federation (Bank of Russia)’. OJSC JSCB Probusinessbank implemented high-risk policy connected with placement of funds into low-quality assets. As a result of

risk management policy (in half of the banks it is a stress testing, hedging, exchange of information, part of their general risk management policy) and

Pension Fund Sberegatelny. The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by the Russian Federation.

Fond Solnechny Bereg. The Bank of Russia will indemnify pension savings to policy holders in the amount and under procedure stipulated by the Russian Federation.