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Biden Administration Considers A Windfall Tax On Oil And Gas Profits



Moscow expects big jump in profits from energy exports in 2022

“On the contrary, this year we will significantly increase the profits from the export of our energy resources.” On Monday, European Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of this year to punish Moscow for invading Ukraine. “Oil, generally speaking, is not subject to politics, there is a demand for it … we have alternative sales markets, where we are already increasing sales,” said Lavrov.

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