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  1. Macroeconomics in Russia

    Soaring gas prices could result in between USD 20 billion and USD 100 billion in extra revenue for Russia in 2022. In the base case scenario, the rouble will strengthen moderately against the US dollar and more significantly against the euro. Oil prices will remain high due to the extension of the OPEC+ deal and low inventories at the end of 2021. Domestic factors "+" National ...