Russia may balance its budget in 2012, earlier than 2015 as planned initially, if the price of Urals, the country’s export blend of crude, averages $120 a barrel next year, Finance Minister Alexei Kudrin said. “If the oil price averages $120 a barrel, there will be zero budget deficit,” Kudrin said at a news conference in Washington. “This is my estimate. We forecast a lower oil […]