In Europe natural gas prices remained veryhigh during the first six months of 2001. Despite a significant reduction ofthese prices during the second half of 2001, the average annual export pricesfor Russian natural gas exceeded the 2000 prices by 14.5%. Prices for someother commodities also turned upward (i.e. nitrogen fertilizers, newsprintpaper, etc.).
Last year, fuel and energy remained high onthe list of most important items of Russian exports to non-CIS states. Thereduction, against the previous year, of average export oil and oil productprices was set off by the growing exports of these commodities by 8% and 15%respectively, including the expanding exports of other products of the fuel andenergy complex. As a result, the aggregate value of fuel and energy exportsremained at the level of 2000, and the share of said commodities in the totalexports to non-CIS states went up to 56.2% as compared to 54.0% in 2000.
The dynamics of the volume of stapleexports to non-CIS states
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