Russia's Oil Production Cut in Line With Pledge to Retaliate for West's Price Cap, Expert Says

Russia's Oil Production Cut in Line With Pledge to Retaliate for West's Price Cap, Expert Says

MOSCOW (Sputnik) – Russia’s decision to cut oil production is in line with its pledge to retaliate for the Western countries’ price cap, aimed at limiting Russia’s oil and gas export revenues amid the Ukrainian conflict, international oil economist Mamdouh Salameh told Sputnik.

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