Subject. The paper is devoted to the features of investment activities of the Bank of Russia. Purpose and tasks. The research features the content and the investment activity analysis of the Bank of Russia. Methodology. The methodological basis of the research is made by general scientiﬁc method and comparative analysis. Results. The carried-out comparative analysis has allowed the author to reveal contradictions and features of investment activities of the Bank of Russia as well as to designate its problems. The author has analyzed the structure of investments of the Bank of Russia and the central foreign banks, the dynamics of investments of the Bank of Russia in securities of foreign issuers and means of the Government of the Russian Federation and speciﬁc weight of assets of the central bank in the national banking system. Conclusions and Signiﬁcance. The research conducted in this article allows one to claim that the Bank of Russia, as a subject of investment activities, displays a number of general and speciﬁc contradictions. The fundamental contradiction of investment activities proves to be that between proﬁtability, liquidity and risk. The paper offers some approaches to rationalization of investment activities of the Bank of Russia and increase in its efﬁciency within preservation of a priority of the regulating functions over obtaining positive economic effect.
Central Bank, investment activities, foreign assets of the Bank of Russia, the peculiarities of the Bank of Russia, Bank of Russia