Russia reduces tax to support oil export shipments

Moscow has been procrastinating over its response to the G7’s oil price cap

Challenges: oil tanker en route in the Gulf of Finland after loading a cargo of Russian Urals blend crude oil at Primorsk port. — Challenges: oil tanker en route in the Gulf of Finland after loading a cargo of Russian Urals blend crude oil at Primorsk port.Photo: REUTERS/SCANPIX

Vladimir Afanasiev

Russia Europe Vladimir Putin West Siberia Alexander Novak

Published 16 December 2022, 10:21Updated 16 December 2022, 18:50