Russia's central bank just issued a warning about 'new economic shocks,' and it shows the new $60/barrel cap on oil is working
President Vladimir Putin's partial mobilization of men for the Ukraine war hit the Russian economy briefly, but it has since overcome the slump, said the Bank of Russia.
The price cap on Russian crude and EU's oil embargo present"new economic shocks," the Bank of Russia said.Russia is mulling options to counter the price cap, including banning oil sales to some countries.
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