Putin to de-link state budget from oil

摘要

In his first annual address to the St Petersburg Economic Forum since his return to the presidency, Russian President Vladimir Putin said that the country would de-link the state budget from oil prices. Putin said that in the near future, Russia will adopt new budget principles. "The volume of debt, budget expenditure and long-term investment programs that involve the state will not be linked to the current price of oil," he said. Putin also confirmed plans to privatize many of Russia's state enterprises.