Economic risk 37/100 (weight 45%, confidence 89%). Political risk 74/100 from 3 events (weight 25%). Central-bank language hawkish -> 82/100 (weight 20%). Governance risk 64/100 (weight 10%).

“The Bank of Russia raised the key rate to 16 percent amid elevated inflationary pressure. Domestic demand continues to outpace the capacity to expand output. Pro-inflationary risks remain significant including a tight labour market. Wartime…”