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the central counterparty applied to calculate the amount of credit institutions’ required reserves:1 by 0.05 to 0.25 — in relation to liabilities in

inflow into banks in January–February and the uneven averaging of required reserves (RRs) by banks during the month. During the February AP, the liquidity

not using the reserves to prop up the exchange rate. This is obvious from the statistics on the gold and foreign currency reserves, by the

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

2024 2025 2026 Foreign assets (net of reserves) Foreign liabilities Change in reserves Financial account balance (including reserves) 1 Signs according to BPM6. For the

Bank of Russia allows NPFs to invest pension savings, similarly to pension reserves, not only in shares from the MOEX Russia Index and the first

lending. They have accumulated a healthy capital reserve of over Р7 trillion. Certainly, in order to utilise this reserve and potential, banks still need to

Kovyktinskoye gas field in the Irkutsk Region, which has the largest gas reserves in the east of 4 Hereinafter, analysis is based on official reports

errors in this material are solely those of the authors. All rights reserved. Any reproduction is permitted only with the authors’ consent. Cover photo: Shutterstock

s chairmanship of BRICS in 2024 is to improve the BRICS Contingent Reserve Arrangement mechanism. Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia,