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The West’s embargo and price caps won’t affect Russian production, the country’s energy ministry says Russian oil output will not fall off a cliff following the imposition of the EU-G7 price cap on the country’s crude, First Deputy Energy Minister Pavel Sorokin stated on Thursday.
The international community will not allow the US-led G7 dominate world affairs, nor will it fall in line with the pro-Western rules pushed by the group, the Chinese Foreign Ministry said in a statement on Saturday.