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Novak says oil output in Russia may fall on oil price cap

MOSCOW, Feb 10 (PRIME) -- The risk of reduction in oil production in Russia related to the price cap introduced by the E.U. and G7 states is still present, the government will assess it in the near future, Deputy Prime Minister Alexander Novak told reporters on Friday.

“Yes, there are such risks. We will be evaluating them in the near future,” he said, when asked whether there are prerequisites for production reduction now.

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10.02.2023 09:46