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Economy

Lower Oil Prices Hit Russian Budget But Not Strategic Targets

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Russia's national interests are not going to be affected by the sharp drop in oil prices, but the slide has already forced Moscow to revise its 2025 state budget. Oil and gas revenues are now expected to be almost one-quarter down from the original plan, while the deficit is seen as being three times bigger.

Topics:
Oil Supply, Oil Prices, Macroeconomics, Opec/Opec-Plus, Policy and Regulation
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