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Russia will voluntarily reduce oil production in March by 500,000 barrels per day as it halts sales to buyers complying with a Western-imposed price cap, Russian Deputy Prime Minister Aleksandr Novak announced on Friday.

President warns that Russia won’t hesitate to use ‘weapons that no other country’ possesses to defend itself Russian President Vladimir Putin has warned outside forces against interfering in the Ukrainian conflict, promising a “lightning-speed” response to such actions, with the use of Moscow’s most advanced weaponry.