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Putin says sharp decline in amount of Russian oil will lead to price increases, TASS reports

ReutersOct 23, 2025 4:05 PM

- Russian President Vladimir Putin said on Thursday that a sharp decline in the amount of Russian oil on the market would lead to price increases, Russian state news agency TASS reported.

Putin said he had discussed with U.S. President Donald Trump the impact of the situation with Russian oil supplies on global prices, including in the United States, RIA news agency reported.

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