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Russian economy

World news about “Russian economy” published by euronews.

27/02 13:15 CET

Russia to cut its deficit woes by dipping into its savings

Russia to cut its deficit woes by dipping into its savings

Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a slumping economy, from rising too far, says the finance ministry. This would mean more than half of the fund disappearing in less…