Page 41 - RusRPTFeb22

were oil exports, driven by increased oil prices from $41.7/bbl for Urals in 2020 to $69/bbl in 2021, and moderate import growth.
All in all, the trade dynamics point to an increasing dependence on the oil sector, which, according to our forecast, will be the main driver of economic activity in 2022.
41 RUSSIA Country Report February 2022 www.intellinews.com