Russian response. Russian Deputy Prime Minister Alexander Novak said Moscow will ban oil and petroleum product exports to countries complying with the Western-imposed price cap on Russian oil. He said Russia could cut oil production by 500,000-700,000 barrels per day in early 2023. Meanwhile, President Vladimir Putin signed a decree introducing “special economic measures” in […]
Daily Memo: Russia’s Response to Oil Price Cap, Japan’s Record Budget
Tokyo's rising spending is driven by military costs.
