Russia raises 2027 domestic gas price indexation to 10.4%

Russia's Ministry of Economic Development raised the planned 2027 indexation of Gazprom's domestic wholesale gas prices from 9.1% to 10.4%, as part of the medium-term macroeconomic forecast for 2026-2029. This marks a modest upward revision in regulated price growth, likely reflecting higher inflation expectations or fiscal needs. The move signals continued pass-through of energy costs to Russian industry and households, with implications for domestic inflation and corporate margins.