The main Russian export products in this forecast will feel bad (for oil you still need to take into account the discount on our Urals variety, this is minus 10-15 to the Brent variety).
It should also be taken into account of dollar inflation, which in four years in 2025-28 will be a minimum of 9-10%in total. Those. In real prices, our export will most likely fall at all.
the VEB Institute predicts the cooling and economics of China. In the future, in general, such a raw materials growth driver as China will disappear. For raw materials, to which Russia belongs, we must expect a long stagnation.