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Russia starts to feel the pain of $30 oil
cnbc.com
Russia should consider selling state banking assets as plunging oil prices continue to batter the recession-hit country's government budget, Russian Economy Minister Alexei Ulyukayev said on Wednesday.
Speaking to an audience at the Gaidar economic forum in Moscow, the minister said Russian authorities should consider the idea of cutting the state's holdings in the country's two largest banks, Sberbank and VTB, Reuters reported on Wednesday.
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