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Fri, Nov 17, 2017 Chris Weafer 3,345

Russia is the world’s biggest oil exporter (with crude and oil products combined) and it is earning approximately $5bn more per month with the price of oil in the mid $60s than it would with a price in the mid $40s, the level at which the federal budget is based. So why does it appear the government is not comfortable with the current oil price, which surged from just over $50 per barrel in early October to just under $64 on the back of rising tensions in the Middle East?

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