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Ivan Timofeev: What does the West's 'oil price cap' mean for Russia and how will Moscow respond?

After months of back and forth, the scheme finally begins as questions remain about how it will work in practice Monday is D-Day for the West’s attempt to place a price cap on Russian oil exports. In building up pressure on Moscow, the US and its allies will use their considerable experience of restrictions against Iran. Tehran continues to survive under the sanctions, although it…

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