Russia won’t supply oil to ‘price cap’ participants — head of Central Bank

Jul 22nd 2022 10:48am EDT

Moscow will redirect deliveries to other countries instead, Elvira Nabiullina said Russia will stop supplying countries that cap the price of its oil, the nation’s Central Bank head Elvira Nabiullina announced on Friday. Moscow has argued that a price ceiling would make oil more expensive and hurt Russian producers. Nabiullina said that instead of complying […]

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