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Russia slashed its oil output in March by 40% more than previously announced, Bloomberg has reported, citing a source familiar with Energy Ministry data. The decline was the equivalent of around 700,000 barrels per day (bpd), the outlet stated.

The total net worth of the ultra-wealthy in the Russian capital exceeds $307 billion, the magazine estimates Moscow has been ranked the world’s sixth most attractive city for the super-rich, as the Russian capital is now home to 61 billionaires, up from 53 in 2022, according to the latest ranking published by Forbes.