Wednesday, October 14Global edition

Topic: Fuel subsidies and export restrictions

Drone damage to its refineries is costing Russia dearly at the budget

Moscow paid refiners almost 916 billion rubles in fuel subsidies this year after banning most exports and importing more to keep domestic supplies stable. Oil revenues fell more than 60% from the previous month in August, pushing the federal deficit to 2.8% of GDP, well above its 1.6% target.

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