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RUSSIA: Fiscal fortress shields from oil price wars

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The Kremlin holds sufficient financial reserves to withstand low oil prices throughout the remaining of 2020 without altering its spending plans. However, notable concessions from OPEC or a significant domestic economic downturn associated with COVID-19 would make Russia more lik...

 

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RUSSIA: Fiscal fortress shields from oil price wars

The Kremlin holds sufficient financial reserves to withstand low oil prices throughout the remaining of 2020 without altering its spending plans. However, notable concessions