Impact of higher gas prices in Russia
Could you do a summary of the expected impact of the gas price increase. In particular 1. the weight of gas prices in the CPI basket 2. whether gas prices are regulated or not and the frequency of revisions 3. the rough impact on the balance of payments (volumes exported or imported).
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There is much bigger story Metodi. The impact on BoP and RUB can potentially be huge because fiscal rule is calibrated on oil price and gas revenues if they grow separately from oil are sterilized to much less extent
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Date of publication: 07/10/2021