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russia: Russia's optimistic fiscal plans risk budget revenue shortfall

Russia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and economic assumptions fall short, according to analysts. The countrys budget plans project Brent crude prices averaging $85 per barrel next year, but there are concerns the Urals price could fall below $60 in 2024-2026.
Sankt Peterburg United States Andrei Melaschenko Denis Popov Konstantin Sonin Alexei Sazanov

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