Economic and social instability, as well as possible future economic downturn or slowdown in the countries in which the Company operates may lead to lower demand for MTS’s services and have an adverse impact on the financial position of its corporate customers and partners, including financial institutions, which could subsequently lead to a decrease in the Company’s income and lower performance, as well adversely affect the security of its assets MTS monitors the macroeconomic situation in the markets in which the Group operates, and responds promptly and effectively to changes in the general economic environment, primarily by using pricing tools.