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balance, excluding reserve assets 49 60 49 32 Net incurrence of liabilities 9 12 8 10 Net acquisition of financial assets, excluding reserve assets 58

for liquidity, including from large participants who had previously averaged their required reserves (RR) with delay. This resulted in a narrowing of the spread between

International Reserves of the Russian Federation*.......................................................................................................................... 15 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 16 1.9. International Reserves Adequacy (International Reserves in

2025: Results in Brief 15 BOX 2 International reserves Over the year, the country’s international reserves increased from $609.1 billion to $754.9

notional unit. Insurance, pension and standardised guarantee schemes – life and non-life insurance reserves, as well as pension entitlements, entitlements to non-pension benefits, as well as

on the back of the OPEC+ easing of production restrictions, replenishment of reserves by an Asian country, and a discount on Russian oil. The rise

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