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...and 30% off your gas bill

Last Friday Vladimir Putin, the Russian prime minister, addressed the Finance and Economic Development ministries calling for a “complete revision of our current obligations and a cut in ineffective and secondary spending” over the next three years.

What many Russians will be asking, however, is how in the teeth of such brutal spending cuts, Putin’s government felt able to offer a 30% discount in gas prices to the Ukraine last month.

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