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New oil reality bites for Kremlin

Energy boom boosted Putin in 2022 but price cap and falling cost of crude worries policymakers

©The Financial Times Limited 2020 Jan 19, 2023 / 12:08 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
New oil reality bites for Kremlin

The biggest challenge to Russia’s plans is the combination of the widening discount and falling energy prices. (File image)

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