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West's Oil Price Cap to Cut Into Russian Revenues, But Not in Major Way – Expert

West's Oil Price Cap to Cut Into Russian Revenues, But Not in Major Way – Expert

MOSCOW (Sputnik) – A price cap on Russian oil, imposed by the West in response to Moscow’s military operation in Ukraine, will likely reduce the country’s oil revenues, though not in a major way, while potentially undermining its energy position in the long-term, energy expert Ole Gunnar Austvik told Sputnik.

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