Russia's Siluanov says spending oil revenues would lead to rouble firming

May 27, 2016 12:52 PM

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VLADIMIR, Russia May 27 Russia should resist the pressure to spend earnings from higher oil prices as that would boost the real value of the rouble and disrupt the country's balance of payments, Finance Minister Anton Siluanov said on Friday.

Oil traded at nearly $49 on Friday,, retreating from the previous session's $50.51 peak, its highest since early November. Brent crude is a global benchmark for Russia's main export.

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