opinion
Sergei Shelin
Why High Oil Prices Won't Fix Russia's Budget Crisis
Rising fossil fuel prices may help Moscow avoid a worst-case scenario. But the core problems at the heart of Russia's economy remain.
6 Min read
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Source: The Moscow Times
Published: 2026-03-20 01:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Europe, Ukraine/Russia, Energy, Economy & Finance, Tax & Budget, Business & Economy, Environment & Climate
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Snippet:
The pressure on Russia’s finances has grown so acute that even a sustained surge in oil prices driven by turmoil in the Strait of Hormuz will not be enough to plug the widening deficit.
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