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YOY 16.5 18.8 18.8 12.8 share of foreign currency % 5.0 5.0 5.0 4.8 Claims of banking system

186 672,185 Other equity 8,590 8,575 8,568 8,590 8,555 8,570 8,602 8,603 Loans, currency and deposits

Order of Glory The Order of Glory was established on 8 November 1943 and had three classes. It was awarded to enlisted men and sergeants

Mr. Vladimir Chistyukhin First Deputy Governor of the Bank of Russia 7 8 The 2026 Program Training events: 1. New Financial Reality: DFAs, Digital Ruble,

information regarding the repayment procedure 24/7 at DIA.RF’s hotline (8 800 200-08-05) and on its website (https://www.asv.org.ru/). 1

SITUATION AND INFLATION ............................................................................................................................................................................................................................................................ 2 MONETARY CONDITIONS ................................................................................................................................................................................................................................................................................................................................................................................... 5 EXTERNAL ENVIRONMENT ....................................................................................................................................................................................................................................................................................................................................................................7 INFLATION RISKS ................................................................................................................................................................................................................................................................................................................................................................................................................................................ 8 CONCLUSIONS FOR MONETARY POLICY AND THE KEY RATE DECISION ............................................................................................................................................................................................................................................................................................................................................................................................................................................................... 9 Summary of