Russian Finance Minister proposes to reallocate $5 billion in budget spending in 2022

Russian finance ministry seeks to hike oil and gas taxes
Russian finance ministry seeks to hike oil and gas taxes Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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- Russia's Finance Ministry said on Friday it has sent its proposals to reallocate 485.9 billion roubles ($5 billion) of budget spending in 2022 to focus on the most important expenditures needed to mitigate the Western sanctions. ($1 = 99.7500 roubles)

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