EU Says Russia Was Forced Into Oil Production Cuts

Friday’s announcement won’t raise prices, says the EU’s Simson
Russia said it would lower oil output by 500,000 barrels a day

Kadri Simson
Photographer: Valeria Mongelli/Bloomberg

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By Paul Wallace and Salma El Wardany

February 13, 2023 at 12:05 PM UTC

Updated on

February 13, 2023 at 12:49 PM UTC

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The European Union downplayed the impact of Russia’s cut in oil production and said it was forced on Moscow by sanctions related to its invasion of Ukraine.