Oil price cap may increase Russia’s budget deficit by 2023, according to F According to data released on Tuesday, Japanese retail sales increased for a ninth consecutive month in November as consumer demand was boosted by the removal of COVID-19… Read More ›
Day: December 27, 2022
Oil Price Caps May Increase Russia’s Budget Deficit By 2023, According To Its FinMin
As an oil price cap reduces export income, Russia’s budget deficit in 2023 may be higher than the planned 2% of GDP, according to Finance Minister Anton Siluanov. This would present Moscow with an additional financial challenge as it spends… Read More ›