Putin calls oil price cap 'stupid,' and says Russia is considering slashing oil production in response
Russia will consider slashing its oil output in retaliation to the G7 and European Union's price cap, according to President Vladimir Putin.
Putin added that Russia's finances wouldn't be hit by the new measures and the West's implementation of a price cap was"stupid,"reported. He also warned energy prices would"skyrocket" for any countries that participated in the price cap.
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