The Opec-plus decision to extend the group's voluntary oil production cuts until the end of 2024, and Saudi Arabia's plan to additionally reduce output by 1 million barrels per day suit Russia perfectly well. The moves don't require additional steps from Russia, but are aimed at helping to balance the market and keep prices from sliding, something that Moscow keenly needs to support its revenues. Additional cuts could have been a problem for Moscow, since it requires bigger volumes to support high exports and growing domestic needs in the summer season. Russia's mineral extraction tax (MET), which accounts for a big ... (full story)