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Second, both households and businesses were better prepared for the resurgence of coronavirus cases and adjusted faster. Credit activity did not decline, and consumer demand

and business sentiment in the context of partially lifted restrictive measures and coronavirus vaccination coverage. The Bank of Russia forecasts the recovery growth of the

steady upward trends, including as a result of a fast expansion of coronavirus vaccine production. The domestic tourist flow increased significantly during the New Year

further Measures to support consumers and business amid the coronavirus outbreak deterioration of credit Amid rising coronavirus infection rates in certain regions of the Russian

downturn in the retail lending market, caused by the onset of the coronavirus pandemic and the resulting restrictive measures, turned out to be temporary. Loans

of a new strain amid the worsening epidemic situation. Air of the coronavirus. Quarantine restrictions traffic resumed in 2020 Q4 only partially. Flights 4 According

the end of 2020 despite the worsening epidemic situation. The resurgence of coronavirus cases impacted economic trends less significantly at the end of 2020. This

observed in 2020 Q2, when restrictive measures were introduced due to the coronavirus pandemic. The share of banknotes of high denomination increased the most. This

prices 4 were largely induced by non-monetary factors 2 associated with the coronavirus pandemic 0 and the supply of individual food products, as -2 well

range of countries reintroduced lockdowns. Investor sentiment improved amid inspiring news about coronavirus vaccine rollouts and ambitious plans to vaccinate a significant number of people