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Debt Paradox Means Russia Borrows More Even as Oil Prices Rally - Bloomberg

Bloomberg

Debt Paradox Means Russia Borrows More Even as Oil Prices Rally
Bloomberg
To insulate the ruble and the economy from oil's ups and downs and cap spending, the government is absorbing all revenue earned when Russia's Urals export blend is above $40 a barrel, channeling the excess income into its sovereign wealth fund.

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