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Industrial Production Dynamics In Q4 2021

Monitoring of Russia's Economic Outlook. Trends and Challenges of Soco-Economic Development. Moscow. IEP. 2022. No.2, pp. 8-11

4 Pages Posted: 17 Mar 2022

See all articles by Andrey Kaukin

Andrey Kaukin

Gaidar Institute for Economic Policy

Evgenia Miller

Russian Presidential Academy of National economy and public administration

Date Written: February 17, 2022

Abstract

Year 2021 saw extractive industries’ growth on the back of a pickup in demand for power-generating coal and natural gas on the part of European and Asian countries, as well as ebbing restrictions related to the OPRC+ agreement (owing to higher quotas on daily oil production volumes in member countries). In 2021, the manufacturing sector saw growth, too. It was achieved as a result of higher prices and active external demand for industry products, which account for a substantial share of production (metallurgy, oil refining and the chemical industry).

Keywords: Russian industrial sector

JEL Classification: L21, L52

Suggested Citation

Kaukin, Andrey and Miller, Evgenia, Industrial Production Dynamics In Q4 2021 (February 17, 2022). Monitoring of Russia's Economic Outlook. Trends and Challenges of Soco-Economic Development. Moscow. IEP. 2022. No.2, pp. 8-11, Available at SSRN: https://ssrn.com/abstract=4038300 or http://dx.doi.org/10.2139/ssrn.4038300

Andrey Kaukin (Contact Author)

Gaidar Institute for Economic Policy ( email )

Moscow, 125993
Russia

Evgenia Miller

Russian Presidential Academy of National economy and public administration ( email )

Vernadskogo Prospect 82
Moscow, 119571
Russia

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