Sean Foo
Feb 11, 2023
Russia strikes back with a sudden oil production cut and the inflation pain is about to return. In a counter-move to the G7 oil price caps, Putin will cut 500,000 barrels of crude in March, which is 5% of their production. This is likely more than just to protect their oil revenues but to inflict higher inflationary pressure to bring the West to the negotiating table. Here’s what you must know about Russia’s sudden oil cuts.
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