Page 44 - RusRPTNov21

3.2 Macro outlook
This year's massive rally in gas prices has compelled Sber to raise its forecast for Russian export gas prices to the EU by around 50% to $375/mcm in 2022. This revision is so material that it has also had to adjust a number of our macro parameters for next year.
44 RUSSIA Country Report November 2021 www.intellinews.com