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Putin says current oil price no tragedy for Russia's budget

MILAN, Oct 17 (Reuters) - Russian President Vladimir Putin said on Friday that the current low price of oil was not a tragedy for Russia's budget, which is highly dependent on energy revenues, and that he believed it would see an upward correction.

Speaking at a briefing after talks with Ukrainian President Petro Poroshenko in Milan, Putin said oil at a level of $80 per barrel is not profitable for producers. (Reporting by Alexei Anishchuk, Writing by Thomas Grove)

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October 17, 2014
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