About: http://data.cimple.eu/news-article/8524c2bb67700a73e5a822ba847cb1074779bb4e4102a62394ea03d2

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About: http://data.cimple.eu/news-article/8524c2bb67700a73e5a822ba847cb1074779bb4e4102a62394ea03d2 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	President Vladimir Putin said Thursday that the Russian budget was becoming less dependent on oil and gas, key exports for one of the world's dominant petro-economies. Putin told reporters during a marathon end-of-year press conference it was clearly positive that, "70 percent of the Russian budget is not formed by oil and gas revenues". "We are not completely there, but still we are starting to get off the so-called oil and gas needle," he said. The Russian leader acknowledged however that his country's dependence on hydrocarbons was "still very high". Russia is the world's second largest oil exporter after Saudi Arabia and its budget is heavily reliant on hydrocarbons. During peak oil prices in the 2000s, Moscow drew almost half of its revenue to the federal budget from oil. The share of hydrocarbon revenues was 40 percent of the 2019 budget, according to state news agency TASS. Kremlin spokesman Dmitry Peskov earlier this year said the country's economy was weening itself off oil and gas but noted the trend was not continuing as "rapidly as we would like". Global oil prices stood at $70 per barrel at the start of this year, but fell dramatically over the coronavirus pandemic and the Russia-Saudi Arabia price war in the spring. The current price of oil is around $50 a barrel. apo-acl/jbr/rl
schema:headline	Putin says Russia reducing dependence on oil and gas
schema:mentions	TASS Energy independence Reliant Motors Barrel Petroleum Moscow President of Russia Saudi Arabia Russia Vladimir Putin Pandemic Russian language Coronavirus Peak oil Price war Dmitry Peskov Government of Russia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

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