6min chapter

Business Daily cover image

The real state of the Russian economy

Business Daily

CHAPTER

Russia and the G7 Oil Price Cap - What's to Stop Russia Selling All of Its Oil?

The G7 plan to impose a global price cap on all Russian exports may change things. By far, its biggest single revenue source comes from oil production. Russia has managed to find substitute markets in other countries for oil - notably India and China. Economist Elina Rubakova: It remains a big question whether a declining economy more generally is going to have any impact on the politics of Russia.

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