Page 98 - RusRPTAug21

+50bp to 5.5%. The Board's guidance for the upcoming meetings comes in what is probably its most unhedged hawkish form. The Russian federal budget execution report for 5mo21 posted a surplus of RUB 0.3tn.
OIl and gas were also in focus as prices for those commodities -- especially for gas where the price is up four-fold on last year.
98 RUSSIA Country Report August 2021 www.intellinews.com