Russia not to use additional oil and gas revenues for expenditures so that inflation does not accelerate

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Russia not to use additional oil and gas revenues for expenditures so that inflation does not accelerate - Kudrin

MOSCOW. March 17 (Interfax) - Russia's Finance Ministry has not plans to increase expenditures thanks to additional oil and gas revenues since this could accelerate inflation, Deputy Prime Minsiter and Finance Minister Alexei Kudrin said at a governmental meeting on Thursday.

"It is necessary to refrain from earmarking oil and gas revenues on spending so that the slowdown in inflation doesn't change," he said.