Putin calls for 'balanced decisions' on Russia's windfall energy revenues amid global price spike

Russian President Vladimir Putin asked the government on Monday to make "balanced decisions" on how to use windfall state revenues from energy exports caused by a spike in global prices.

"Regarding the federal budget, it is also necessary to make balanced decisions concerning cyclical revenues to, I repeat, ensure the long-term balance of the country's main financial document," Putin told a meeting with economy officials.

-Reporting by Dmitry Antonov and Vladimir Soldatkin; Editing by Gleb Bryanski and Gareth Jones/Reuters