The credibility of Russian oil sanctions is at risk if the West doesn't lower its price cap, think tank says

The credibility of Russian oil sanctions is at risk if the West doesn't lower its price cap, think tank says

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Russian President Vladimir Putin. Mikhail Metzel/Getty Images Russia's oil export revenue is climbing back up from early 2023 lows, a CREA report said. It shows a weakening in the effectiveness of the Western price cap, the think tank warned. This could threaten the West's oil sanctions, and a…

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