OREANDA-NEWS. On 16 September 2016, the Bank of Russia Board of Directors decided to leave unchanged interest rates on the specialised refinancing instruments except interest rate on the Bank of Russia loans secured by the mortgages issued under the Military Mortgage Programme.

In line with this decision, interest rates on the following instruments are set at 9.00% per annum:

loans secured by the pledge of receivables on loans extended to fund investment projects;

loans secured by bonds placed for investment project funding and included in the Bank of Russia Lombard List;

loans secured by the pledge of receivables on loan agreements secured by insurance agreements of OJSC Export Insurance Agency of Russia (OJSC ‘EXIAR’);

loans secured by the pledge of receivables on loans extended to leasing companies.