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Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 82 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 84 3.2.3. Official Exchange Rate:

monetary and fiscal policy interaction, current developments in the global economy, specific exchange rate factors, and challenges faced by the banking sector. Congress participants will

fiscal rule-based operations by Russia’s Ministry of Finance. Nevertheless, the ruble exchange rate remained close to its 2025 average. Stock prices moved diversely given

prices, and geopolitical risks. All this might exert pressure on the ruble exchange rate. Additionally, risks stemming from persistent staff shortages are still high as

points are the difference between the exchange rate of the first leg (the base rate) and the exchange rate of the second leg. As a

denominated in foreign currency are converted to the national currency at the exchange rate on the last business day of the reporting period. Transactions are

sectors. Fewer companies referred to government regulation and changes in the ruble exchange rate as the reasons behind expected price growth. LABOUR MARKET. In January

health resort services remained elevated. EXCHANGE RATE Over the period from May 2025 to February 2026, the ruble exchange rate against the main currencies stayed

markets. Firms change their prices depending on many factors, such as inflation, exchange rates, the phase of the business cycle, firms’ financial position, etc. Marya

Russia Floating Managed floating exchange rate exchange rate within the operational Advancement of the monetary instrument system Strategy adjustment target Exchange rate policy adjustment Development