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Russia Hikes June Subsidies to Refiners as Fuel Shortages Bite

Russia’s subsidy payouts to oil refiners that supply domestic markets jumped more than six-fold in June from a year earlier, as Moscow sought to avoid shortages by keeping more fuel at home.

This article was originally published by Bloomberg Markets and is republished here under license.

Russia’s subsidy payouts to oil refiners that supply domestic markets jumped more than six-fold in June from a year earlier, as Moscow sought to avoid shortages by keeping more fuel at home.

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