Russian block on oil sales subject to price cap to start working this year - Ifax
- World
- Reuters
- Published Date: 12:57 | 06 December 2022
- Modified Date: 12:59 | 06 December 2022
Russia's mechanism to ban sales of oil that are subject to a price cap imposed by Western countries should begin working before the end of the year, the Interfax news agency quoted Deputy Prime Minister Alexander Novak as saying on Tuesday.
Novak expects a slight output decline following new sanctions.
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