Russia To Join Oil Cartel Moves To Cut Supplies

From The Telegraph:

Russia is to join Opec in a co-ordinated cut in oil production for the first time in a highly-controversial move that will further raise tensions with the West.

The Kremlin will risk throwing away its membership of the G8 group of leading economies by acting with the cartel in reducing supplies.

Russian leaders have sent strong signals that they will agree the unprecedented move at the same time as Opec convenes an emergency meeting in Algeria on Wednesday.

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