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Russia s finance ministry is said to planning to cut the discount [$25 per barrel to Brent crude] used for deciding taxes on the country s crude oil exports to $20 per barrel, said Russian Finance Minister Anton Siluanov. He did not elaborate on what measures being considered to improve the calculation of taxes on oil exports. ....
MOSCOW, June 6 (Xinhua) Russia GDP is projected to grow by 1 percent this year, accompanied by an anticipated increase in real income for the population, Rus ....
Siluanov said the deficit had come in at 3.3 trillion roubles ($47.45 billion). Russia has been forced to draw on its rainy day fund and borrow heavily at domestic debt auctions in recent months as it diverts more funds towards security and defence. ....
The rouble soared in its final session of a volatile year on Friday, but remained on course for hefty losses in December, after fears over the impact of a Western oil price cap on Russia's export revenues dominated this month's trading. ....