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Infographic: Strong ruble weakens Russia's position in OPEC+ negotiations

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Infographic: Strong ruble weakens Russia's position in OPEC+ negotiations

  • Author
  • Rosemary Griffin
  • Commodity
  • Oil
  • Topic
  • OPEC+ Oil Output Cuts Infographics War in Ukraine

Western sanctions triggered by Russia's invasion of Ukraine have resulted in a stronger ruble to dollar exchange rate, making Russia more likely to support cuts in OPEC+ quotas.

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For a more in-depth read: OPEC+ mulls output cut as Ukraine invasion, demand concerns hit group's economies

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Infographic: Strong ruble weakens Russia's position in OPEC+ negotiations