Russia and Ukraine

[Thumpalumpacus]

In other news:

MOSCOW, Feb 10 (Reuters) - Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products.

[...]

As Russia navigates the maze of restrictions which the West has imposed in an attempt to choke off its revenue from oil, the production cut indicates that the price cap on Russian oil products has had some impact.

[...]

Russia's oil output last year defied numerous predictions of a decline, rising by 2% to 535 million tonnes (10.7 million barrels per day) thanks to a jump in sales to Asia, especially, to India and China.

However, following a raft of new sanctions from the West, Russia is facing more challenges in selling oil, a key source of revenue for the state budget, which posted a $25 billion deficit in January.

https://www.reuters.com/business/energy/...023-02-10/