ness, and the wider global impact. An estimated $360 billion in foreign reserves is now out of reach for Putin and his government. In anticipation, the Central Bank of Russia had already reduced its exposure to dollars. Still, Governor Nabiullina is now employing unorthodox policies to maintain some supplies of western cu

and is a member of the London Stock Exchange. OOO Barclays Capital is a licensed for Russia broker, dealer and securities depository, regulated by the Central Bank of Russia. OOO Barclays Capital is an affiliate of Barclays Bank PLC. please note The information contained in this communication is confidential, may be a