Russia on War Path Leaves Siluanov to Scrape By as Funds Ebb

  • Russia risks depleting Reserve Fund this year, minister warns
  • Government spares military, social outlays from budget cutback

Russia Finance Minister: We Must Cut Budget by 10%

The renewed decline in oil prices is forcing Russia to extend an austerity drive that’s without precedent during President Vladimir Putin’s 16 years in power. The fiscal rigor, though, will go only so far.

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