Core Insights - The current oil price levels and the appreciation of the ruble have made financial models more complex for the industry [1] Group 1 - The statement from the Russian Deputy Prime Minister Novak highlights the impact of oil prices on financial modeling [1] - The appreciation of the ruble is noted as a significant factor affecting financial assessments [1]

Core Viewpoint - The Central Bank of Russia indicates that its tight monetary policy has a particularly significant impact on the decline of non-food commodity prices, notably through the appreciation of the ruble [1] Group 1 - The tight monetary policy of the Central Bank of Russia is aimed at controlling inflation and stabilizing the economy [1] - The appreciation of the ruble is a key factor contributing to the decrease in non-food commodity prices [1]