15. Cash and cash equivalents
As of December 31, 2017 and 2016, cash and cash equivalents consisted of the following:
| As of December 31, 2016 |
As of December 31, 2017 |
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Correspondent accounts with Central Bank of Russia (CBR) |
1,877 | 6,522 | ||||||
|
Correspondent accounts with other banks |
2,789 | 2,890 | ||||||
|
Short-term CBR deposits |
9,201 | 6,500 | ||||||
|
Other short-term bank deposits |
3,857 | 1,322 | ||||||
|
RUB denominated cash with banks and on hand |
294 | 600 | ||||||
|
Other currency denominated cash with banks and on hand |
979 | 572 | ||||||
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Total cash and cash equivalents |
18,997 | 18,406 | ||||||
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Cash and short-term investments are placed in financial institutions or financial instruments, which are considered to have minimal risk of default as of date of approval of these financial statements.
The Company received the guarantee and secured it by cash deposit of 2.5 mln U.S.$ until July 31, 2018.