Page 14 - RusRPTMay21

Finally, Russia's budget could get a RUB2 trillion-ruble boost from higher oil prices. That should mean Moscow would eventually need to borrow less. The RUB3.7 trillion-ruble borrowing plan could be cut by as much as RUB700bn, it has said. .
Could sanctions on OFZ cause knock-on effects on big global bond indexes run by the likes of JP Morgan and Bloomberg-Barclays? Analysts say that its unlikely as Russian Eurobonds are still included in the main indices despite the ban on primary issues.
And Russia's share in JPMorgan's GBI-EM index, the main global benchmark for emerging-market local currency bonds, has been dropping over the past year. It sits now at a still-substantial 7%, but it's down from 8.9% a year ago. Before the Ukraine crisis of 2014, Russia's weight was 10%, the maximum allowed for a single country.
2.3 Only a third of Russians consider Navalny’s jailing as “unjust,” half approve of the decision
Just under a third (29%) of Russians consider the jailing of anti-corruption activist and opposition politician Alexei Navalny as unjust while half (48%) approve of the decision, according to independent pollster the Levada Center during a survey conducted between March 25-31. Another 23% couldn't answer the question.
14 RUSSIA Country Report May 2021 www.intellinews.com