Russian editorial expects budget deficits to continue despite rising oil prices

Text of report by the website of heavyweight Russian newspaper Nezavisimaya Gazeta on 1 February [Nezavisimaya Gazeta editorial: "Oil problems"] Growth of world prices on hydrocarbons can no longer help Russia. It has long been known that oil is our all. When the world price of a barrel increases, the prosperity of the country also increases: Export deliveries of gas become more expensive, the state gets surpluses with which to fill the reserve funds, etc...