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Russia says will cut crude production by 5% next month

February 10, 2023 By admin Leave a Comment

Russia says it will cut crude production by 5% next month as it can’t keep with sales due to sanctions. The reason for the reduction in production is due to the fact that the country is unable to sell its crude oil at its current pace, likely due to imposed sanctions imposed. This cut in production could have a significant impact on Russia’s economy, which is heavily dependent on its oil exports.

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