cbr quarterly_review, 2008-06-30
There have been a marked rise in Russian oil prices since December 2007 (by 43.1% in June 2008 as against 16.6% in June 2007), reflecting the impact of such factors as the state of oil and petroleum products stocks in the United States and other OECD countries, US dollar dynamics as against other major world currencies, significant investments in raw materials markets, the exacerbation of the geopolitical situation in the world in connection with Iran’s nuclear programme, instability of oil deliveries from Nigeria and weather conditions.
Sentiment: neutral
Topic: mp_inflation