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These sectors will collectively account for 40% of all federal expenditures in Russia next year. Saudi Arabia, the de facto chief of OPEC, has been attempting to maintain oil above $100 per barrel by pushing for member states to cut production. The kingdom has reportedly signaled that crude might drop as low as $50 a barrel if the Organization of Petroleum Exporting Countries does not decide to lowering oil output.
The authorities barely decreased its debt service to P186 billion in August, with the majority going to amortization to home… China vows to ramp up …