Movement of prices for Urals Crude Oil, the ruble's nominal and real effective exchange rate, 2010–2015 (as % relative to the initial period, January 2010 = 100%). Source: Compiled by the authors on the basis of World Bank data.

  Part of: Idrisov G, Ponomarev Y, Sinelnikov-Murylev S (2016) Terms of trade and Russian economic development. Russian Journal of Economics 2(3): 279-301.