Oil price cap may widen Russia's 2023 budget deficit, says Finance Minister

Oil price cap may widen Russia's 2023 budget deficit, says Finance Minister

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Russia's budget deficit could be wider than the planned 2% of GDP in 2023 as an oil price cap squeezes Russia's export income, Finance Minister Anton Siluanov said, an extra fiscal hurdle for Moscow as it spends heavily on its military campaign in Ukraine. Russia last week said price caps on its…

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