Growing energy revenues will allow Moscow to boost its rainy day fund, Anton Siluanov has said Surging oil and gas revenues will allow Russia to add to its sovereign wealth fund despite Western sanctions, Finance Minister Anton Siluanov announced on Monday.

Crude prices had previously surged nearly 3% due to ongoing tensions in the Middle East and an outage in Libya Global prices for crude oil increased on Thursday, stretching gains scored during the previous day as tensions around the Israel-Gaza military conflict continue to escalate, and protesters at the largest oil field in Libya ceased…

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