Putin says Russia must take care not to squander its higher oil revenues
Published on March 26, 2026.
Russian President Vladimir Putin has warned that companies and the government should be cautious about spending the money on increased oil revenues due to the ongoing Middle East war. This has made Russia a significant player in the global economy. Putin warned that the temptation to exploit the increased revenue could include paying it in company dividends or expanding the state's budget. He emphasised the need for caution, stating that if the markets react negatively, the financial situation could change quickly.
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