Putin Seeks to Rein in ‘Rainy-Day Fund’ Spending as Energy Transition Looms

MOSCOW (Reuters) – President Vladimir Putin ordered the Russian government to look at curtailing spending from the state rainy-day fund on Friday, after the finance ministry said the global shift away from oil and gas could jeopardise Russian state finances within a decade.

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Putin Seeks to Rein in ‘Rainy-Day Fund’ Spending as Energy Transition Looms

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