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Russian Official Reiterates Price Cap Response

OIL

Russia will not sell gas or oil to countries that impose a price cap according to Russian Energy Minister Nikolay Shulginov in a Russian tv interview over the weekend, echoing similar comments by Putin last week.

  • "We certainly won’t sell at a loss or below cost. It’s impossible. This is some kind of cartel conspiracy against us. We definitely will not allow such behavior toward us," he said.

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