The Kremlin will mandate Russian oil producers to reduce output and avoid compliance a recently introduced price cap mechanism, according to the country’s deputy prime minister in charge for energy issues Alexander Novak. Novak told state television channel Vesti24 that any deliveries of Russian oil to customers, insisting on contracts with the price cap conditions would mean “falling into dependence on unfriendly countries”, The Kremlin uses the term “unfriendly country” to describe group of mainly Western nations backing various sanctions against Russia and its corporations and individuals following the invasion of ... (full story)