Russia-Ukraine updates: US general says Russian army in disarray

US says Kremlin oil tax changes to hit Russia’s crude output capacity

The Kremlin’s changes to the way it taxes oil sales were forced by Western sanctions and will hit its oil production capacity over time, US Deputy Treasury Secretary Wally Adeyemo has said.

Russian President Vladimir Putin in February signed a law fixing the discount on Russia’s dominant Urals blend of crude oil for tax calculations.

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