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Treaty on the Functioning of the European Union. The Bank of Russia reserves all rights, claims, objections and remedies available to it in connection with

of reserve assets through balance of payments transactions amounted to $4 billion in 2025 Q4 (vs -$6 billion in 2025 Q3). At year-end 2025, reserve

for non-governmental pension funds (NPFs), depending on the method of investing pension reserves. If NPFs maintain separate portfolios for different strategies of non-governmental pension provision

market participants maintained correspondent accounts above the level required to average required reserves (RR), as they wished to create spare funds for settlements during the

International Reserves of the Russian Federation*.......................................................................................................................... 16 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17 1.9. International Reserves Adequacy (International Reserves in

performing internal control and managing international reserves 4. Study of the experience in use of software in international reserves management 5. Information systems in the

in case foreign countries illegally seize Russia’s gold and foreign currency reserves, these measures are to be approved by the President. As I have

balance, excluding reserve assets 46 38 37 35 Net incurrence of liabilities 10 5 8 10 Net acquisition of financial assets, excluding reserve assets 56

R., Ponomarenko, A. and Seleznev, S. Forecasting the implications of foreign exchange reserve accumulation with a microsimulation model Journal of Simulation, 2020. https://doi.org

to maintain higher balances in their correspondent accounts and meet the required reserve (RR) ratio for the November averaging period (AP).1 This was because