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Published 7 months ago

How Russian Government Keeps Getting Richer: Why The Price Cap On Russian Oil Is Failed – OpEd

Summary by Ground News
The price ceiling on Russian oil has been in place since February 2023. The embargo and the price ceiling will significantly reduce the revenue opportunities of the Russian budget. The price ceiling is only applicable to the oil supplied to Europe. The remaining 80% of former European supplies are quite successfully diverted to Asia.

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