EconomyRussian Finance Ministry builds $50 oil price and open Hormuz scenario into budget
Igor Yushkov of the Financial University and National Energy Security Fund said setting the budget’s base oil price at $50 per barrel shows Russia’s Finance Ministry is factoring in a scenario in which the Strait of Hormuz is open. The deliberately low price is intended to reduce the risk of unexpected deficits and in-year budget revisions.
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TASS★★★☆☆2026-09-24 18:26Original
Russian Finance Ministry builds $50 oil price and open Hormuz scenario into budget