Academics: Russia Selling Oil Way Over Price Cap ...Middle East

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Academics: Russia Selling Oil Way Over Price Cap
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Russia raked in significantly more money from its crude oil sales than previously thought, a group of academics have said. Russia took in more money in the weeks that followed the oil price cap implemented on December 5 last year, calculations from academics at the Institute of International Finance, Columbia University, and the University of California show. The calculations show that Russia sold its crude oil for about $74 per barrel on average, according to the paper “Assessing the Impact of International Sanctions on Russian…

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