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. Last Updated: 07/27/2016

For the Record

International currency and gold reserves rose $5.4 billion in the week ended March 23 to $510.8 billion, the Central Bank said Thursday.

VTB chief executive Andrei Kostin said the bank is "capitalizing profits, which … will exceed 90 billion rubles ($3 billion) in 2011," after it had earlier forecast profit of 100 billion rubles.

Promsvyazbank hired JPMorgan Chase and HSBC Holdings to prepare its initial public offering.

Liberty Mutual Holding, the second-largest, policyholder-owned property and casualty insurer in the United States, said it bought KIT Finance Insurance in order to enter the Russian market.