diff --git a/python/src/com/jetbrains/python/codeInsight/PySubstitutionChunkReference.java b/python/src/com/jetbrains/python/codeInsight/PySubstitutionChunkReference.java
index 0dbd8765dd47..ee5b19984343 100644
--- a/python/src/com/jetbrains/python/codeInsight/PySubstitutionChunkReference.java
+++ b/python/src/com/jetbrains/python/codeInsight/PySubstitutionChunkReference.java
@@ -124,13 +124,7 @@ public class PySubstitutionChunkReference extends PsiReferenceBase<PyStringLiter
     
     myIgnoreUnresolved = expression instanceof PyReferenceExpression;
     if (expression instanceof PyDictLiteralExpression) {
-      final PyKeyValueExpression[] keyValueExpressions = ((PyDictLiteralExpression)expression).getElements();
-      for (PyKeyValueExpression keyValueExpression: keyValueExpressions) {
-        final PyStringLiteralExpression key = (PyStringLiteralExpression)keyValueExpression.getKey();
-          if (key.getStringValue().equals(myChunk.getMappingKey())) {
-            return key;
-          }
-      }
+      return resolveDictLiteralExpression((PyDictLiteralExpression)expression);
     }
     else if (expression instanceof PyCallExpression) {
       return resolveCallExpression((PyCallExpression)expression);
@@ -200,7 +194,7 @@ public class PySubstitutionChunkReference extends PsiReferenceBase<PyStringLiter
   }
 
   @Nullable
-  private PyExpression getUnderStarExpression(@NotNull final PyExpression[] args) {
+  private PsiElement getUnderStarExpression(@NotNull final PyExpression[] args) {
     if (args.length == 1 && args[0] instanceof PyStarArgument) {
       PyExpression pyExpression = PsiTreeUtil.getChildOfAnyType(args[0], PyDictLiteralExpression.class,
                                                                       PyParenthesizedExpression.class,
@@ -209,19 +203,7 @@ public class PySubstitutionChunkReference extends PsiReferenceBase<PyStringLiter
         boolean isKeywordSubstitution = myChunk.getMappingKey() != null;
         
         if (isKeywordSubstitution && pyExpression instanceof PyDictLiteralExpression) {
-          PyDictLiteralExpression dictLiteralExpression = (PyDictLiteralExpression)pyExpression;
-          for (PyKeyValueExpression keyValueExpression : dictLiteralExpression.getElements()) {
-            if (keyValueExpression.getKey() instanceof PyStringLiteralExpression) {
-              PyStringLiteralExpression key = (PyStringLiteralExpression)keyValueExpression.getKey();
-              if (key.getStringValue().equals(myChunk.getMappingKey())) {
-                return key;
-              }
-            }
-            else {
-              myIgnoreUnresolved = true;
-              break;
-            }
-          }
+          return resolveDictLiteralExpression((PyDictLiteralExpression)pyExpression);
         }
         else {
           int position = myChunk.getPosition() != null ? myChunk.getPosition() : myPosition;
@@ -251,6 +233,25 @@ public class PySubstitutionChunkReference extends PsiReferenceBase<PyStringLiter
     return null;
   }
 
+  @Nullable
+  private PsiElement resolveDictLiteralExpression(PyDictLiteralExpression expression) {
+    final PyKeyValueExpression[] keyValueExpressions = expression.getElements();
+    for (PyKeyValueExpression keyValueExpression: keyValueExpressions) {
+      PyExpression keyExpression = keyValueExpression.getKey();
+      if (keyExpression instanceof PyStringLiteralExpression) {
+        final PyStringLiteralExpression key = (PyStringLiteralExpression)keyExpression;
+        if (key.getStringValue().equals(myChunk.getMappingKey())) {
+          return key;
+        }
+      }
+      else {
+        myIgnoreUnresolved = keyExpression instanceof PyReferenceExpression;
+        break;
+      }
+    }
+    return null;
+  }
+
   @Nullable
   private PyExpression resolveCallExpression(PyCallExpression pyExpression) {
     PyExpression callee = pyExpression.getCallee();
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithNumericExprKeys.py b/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithNumericExprKeys.py
new file mode 100644
index 000000000000..cb6df8b5221c
--- /dev/null
+++ b/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithNumericExprKeys.py
@@ -0,0 +1 @@
+print ("first is %(<warning descr="Unresolved reference 'fst'">fst</warning>)s" % {1: "3"})
\ No newline at end of file
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithReferenceExprKeys.py b/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithReferenceExprKeys.py
new file mode 100644
index 000000000000..82c1ed167b4b
--- /dev/null
+++ b/python/testData/inspections/PyUnresolvedReferencesInspection/formatStringDictLiteralArgumentWithReferenceExprKeys.py
@@ -0,0 +1,3 @@
+f = "fst"
+s = "snd"
+v = "first {fst}, second {snd}".format(**{s: 221, f: 10})
\ No newline at end of file
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/percentStringDictLiteralArgumentWithReferenceExprKeys.py b/python/testData/inspections/PyUnresolvedReferencesInspection/percentStringDictLiteralArgumentWithReferenceExprKeys.py
new file mode 100644
index 000000000000..b1c1a1b61319
--- /dev/null
+++ b/python/testData/inspections/PyUnresolvedReferencesInspection/percentStringDictLiteralArgumentWithReferenceExprKeys.py
@@ -0,0 +1,3 @@
+f = "fst"
+s = "snd"
+print ("first is %(fst)s, second is %(snd)s" % {s: "3", f: "1"})
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java b/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
index 5eb1fe6ca0be..9c28683a89c0 100644
--- a/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
+++ b/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
@@ -587,6 +587,22 @@ public class PyUnresolvedReferencesInspectionTest extends PyInspectionTestCase {
     doTest();
   }
 
+  // PY-2748
+  public void testFormatStringDictLiteralArgumentWithReferenceExprKeys() {
+    doTest();
+  }
+
+  // PY-2748
+  public void testPercentStringDictLiteralArgumentWithReferenceExprKeys() {
+    doTest();
+  }
+  
+  // PY-2748
+  public void testFormatStringDictLiteralArgumentWithNumericExprKeys() {
+    doTest();
+  }
+
+
   // PY-18254
   public void testVarargsAnnotatedWithFunctionComment() {
     doTest();