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  • Sergei Shoigu
    Sergei Shoigu “The U.S. and its allies are trying to prolong the conflict as much as possible. To do this, they have started supplying heavy offensive weapons, openly urging Ukraine to seize our territories. In fact, such steps are dragging NATO countries into the conflict and could lead to an unpredictable level of escalation.” 2 hours ago
  • Oleg Danilov
    Oleg Danilov “Attempts at an offensive in either the Kharkiv or Zaporizhzhia direction will of course be made. How successful they'll be will depend on us.” 2 hours ago
  • John Kirby
    John Kirby “It strains credulity … that this was some kind of weather balloon that was floating on the winds.” 2 hours ago
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Price cap on Russian oil

Page with all the IPSEs stored in the archive related to the Context Price cap on Russian oil.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“But in the end, all parties agreed to a cap of $60, because they saw that at that level Russia's profits can be vastly restricted without causing a major disruption to global oil markets that could send prices skyrocketing for everyone. Indeed, any lower price cap would have likely forced Russia to take drastic action - such as stopping all exports - and damaged all oil-importing nations alongside Russia.”

author
Fellow at the Foreign Policy Research Institute and a Political Risk consultant based in London
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“We are working on mechanisms to prohibit the use of a price cap instrument, regardless of what level is set, because such interference could further destabilise the market. We will sell oil and petroleum products only to those countries that will work with us under market conditions, even if we have to reduce production a little.”

author
Russia Deputy Prime Minister
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