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Dec. 22 19.7 15.6 45.4 11.0 27.2 17.4 17.0 18.9 outstanding bank loans Large borrowers % YoY Dec.

rises corresponding to an inflation rate of 4%, % MoM Jan. Jan. Nov. Dec. Jan. 7.61 2021 2022 2022 2023 % YoY 2.0 All goods

Dec, 2021 Jan, 2022 Feb, 2022 Mar, 2022 Apr, 2022 May, 2022 June, 2022 July, 2022 Aug, 2022 Sep, 2022 Oct, 2022 Nov, 2022 Dec,

unless indicated otherwise 2022 (actual/estimate) 2023 2024 2025 Inflation, % change, Dec on Dec 11.9 5.0–7.0 4.0 4.0 Gross

1.8 16 Central Bank Survey (millions of rubles, end of period) Dec, 2021 Jan, 2022 Feb, 2022 Mar, 2022 Apr, 2022 May, 2022 June,

Price rises corresponding to an inflation rate of 4%, % MoM Dec. Dec. Oct. Nov. Dec. 2020 2021 2022 7.61 % YoY 2.0 All goods

indicators. Russia Table 1 2021 2022 2022 2022 2022 2021 2022 Nov Dec Jan Q4 Q1 Q2 Q3 Q4 Inflation % YoY 8.4 11.9

1.8 16 Central Bank Survey (millions of rubles, end of period) Dec, 2020 Jan, 2021 Feb, 2021 Mar, 2021 Apr, 2021 May, 2021 June,

0.4 6 0.0 -0.4 3 -0.8 0 Nov Dec Oct Mar Apr May Jan Jun Jul Aug Feb Sept -3 2017