3 CONTRIBUTIONS - 3.1 RUSSIA

Air conditioner sales in Russia showed favorable growth in 2021, reaching 2.5 million units during the period spanning January to October. Packaged air conditioners (PACs), multi-splits, and some other types were expected to grow by the end of the year, and total sales in 2021 are projected to increase by 100,000 to 150,000 units. This is the second-highest total sales level since 2011.