Industrial Production Dynamics In Q1 2022

In Q1 2022, the extractive sector showed growth due to the continued impact of the factors that emerged in 2021: growth of demand for thermal coal and natural gas from the European and Asian countries; weakening of the effect of restrictions related to the OPEC+ agreement following the increase in quotas on daily oil production in the member countries. The manufacturing sector demonstrated around zero growth rates; growth was mainly observed in the food, textile, chemical and machine building industries. The sanctions imposed against Russia have not yet affected the dynamics of the industrial sectors; the negative impact is likely to be felt in Q2 2022