11.   The reserve was created to provide oil in the event of an energy emergency or military conflict.

12.   They can create reserve to deduct future losses.

13.   Yes, he acknowledged, the emergency reserve was created in case of major supply disruptions, not to manipulate prices.

14.   Critics said the oil reserve was created to address acute supply disruptions or other emergencies that do not now exist.

15.   Eventually, the whole purpose of creating reserves is defeated.

16.   Foreign banks granting loans to Russian enterprises had been obliged to create large reserves in their national banks because of the convertibility restrictions, he said.