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Industrial Production Dynamics in Q4 2021

Andrey S. Kaukin – Head of Department for System Analysis of Sectorial Markets of the Russian Presidential Academy of National Economy and Public Administration; Head of Department of Sectorial Markets and Infrastructure of the Gaidar Institute for Economic Policy, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Eugenia M. Miller – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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).

Key words: industrial sector, sectors of economy, mining industry, manufacturing, Rosstat.

JEL-codes: L16, L6, L7, L8, L9.