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food prices. The pandemic situation is still uncertain. The spread of new coronavirus strains worldwide might force countries to introduce new restrictions and disrupt production

by, among other things, low vaccination rates and the spread of new coronavirus strains, as well as the ensuing tightening of restrictions. Medium-term inflation is

tourists. Concurrently, built up oil output and gas and coal exports. as coronavirus cases soared, the authorities There was a significant increase in oil refining

at 175 bp above the key rate. to the spread of the coronavirus infection. At auction means the amount of funds extended (transferred) by the

risks of the non-financial sector, which have become especially relevant during the coronavirus crisis. The non- financial nature of the shock affects the stress scenario

order to support banks in their key role as lenders in the coronavirus crisis Intended effects: To increase the resilience of the banking sector (main

Russia has made this decision in response to a growing number of coronavirus cases and the restrictions introduced as such a situation may affect the

loan loss provisions for SME loans restructured due to the August 2020 coronavirus pandemic and to maintain the quality assessment as of 1 February 2020.

countries introduced regulatory easing in order to mitigate the effects of the coronavirus pandemic. During the period of the pandemic, the Bank of Russia granted

political and socio-economic контексте глобальных политических и социально- consequences of the new coronavirus pandemic. экономических последствий пандемии новой BRICS is an informal association of five