Page 6 - Dmitry Dolgin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

* Higher oil, weaker rouble could improve outlook - analysts * Sovereign wealth fund seen above $200 bln this year * But weak rouble and social spending could fuel inflation MOSCOW, Feb 25 (Reuters) - Rising oil prices and a weak rouble could boost Russian state coffers before a parliamentary election this autumn, giving the authorities more leeway for social spending despite the risk of fuelling inflation. This year’s budget deficit is forecast to come in at 2.4% of gross domestic product (GDP), but Russia could end up with a surplus and even pocket up to $25 billion in additional revenues...

2 Min Read FILE PHOTO: Russian President Vladimir Putin takes part in a video conference call with Chief Executive of Gazprom company Alexei Miller at the Novo-Ogaryovo state residence outside Moscow, Russia January 19, 2021. Sputnik/Alexei Nikolsky/Kremlin via REUTERS MOSCOW (Reuters) - Russia’s economy may return to pre-crisis levels by autumn and overall gross domestic product growth this year could reach around 3.7%, Andrey Kostin, chief executive of the country’s second biggest bank VTB, said on Monday. The International Monetary Fund has praised Moscow’s efforts in tackling the e...