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haysu-christo t1_j20tena wrote

Reply to comment by kstinfo in New sanctions starting to bite Russia’s economy as Moscow admits deficit impact by Minezenroll

>Why wouldn't Russia increase exports to counter the lower price?

Because price caps are enforced via restrictions on how oil is transported (tankers) and insured. They can probably bypass the price cap by selling to countries they have pipelines to but that's limited to 1 or 2. And when those two customers are full, then what?

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