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asset class As of 30 September 2019 As of 30 September 2020 Change in Assets billions of share of billions of share of Sep 2019

Elvira Nabiullina's speech at congress of Association of Banks of Russia 28 May 2021 Speech Share VKontakte WhatsApp Telegram Good afternoon, dear congress attendees,

4% of pension savings and 16.5% of pension reserves. This happened amid a decline in the bond market and a surge in OFZ yields,

due to repeated violations by the Bureau of the requirements of Federal Law No. 218-FZ and corresponding Bank of Russia regulations over a calendar year

albeit remained below the Bank of Russia’s forecast. More information is available in the latest issue of the Bank of Russia’s commentary Inflation

Maintenance on Bank of Russia website 28 May 2021 Press release Share VKontakte WhatsApp Telegram The Bank of Russia website may experience operating delays on