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Transcripts for BBCNEWS World Business Report 20240604 04:32:00

oil is the most lucrative export for the kremlin. the news sent the price of oil higher as investors worry about tightening supply. has more from new york. as russia s war in ukraine waiters en, western countries are looking at ways to further pressure must go. the new proposal to cut prices would require countries to simply refuse to pay above a certain amount of the russian oil and pipeline gas. some oil analysts suggest this may be difficult to achieve given china and india have become russia pop smoke biggest customers but a cap on gas could have some effect on the short term as russia doesn t have an alternative market other than europe for its pipeline gas. unless it was prepared to take a huge hit to its finances by shutting down the pipeline altogether. all of these discussions are happening as

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