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Latest in Tag: Russian oil


West's cap on Russian oil risks exacerbating Europe's energy woes

West’s cap on Russian oil risks exacerbating Europe’s energy woes

Whether the move will prove effective largely depends on market response, observers have noted. However, with opposition from Russia, the price cap could trigger growing instability in the market, slowing oil production and even further exacerbating Europe’s pain inflicted by the energy crisis and soaring inflation, they said.

Xinhua

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