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VTB CEO SAYS RUSSIAN FIRMS ARE EYEING GLOBAL SOUTH FOR EXPANSION

  • NEWS Desk Global
  • 15 hours ago
  • 1 min read

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Russian companies are eyeing expansion opportunities in the countries of the Global South and still have global ambitions despite Western sanctions.

The United States in October imposed sanctions on Russia's biggest oil companies, Rosneft and Lukoil, forcing the latter to sell its overseas assets, which extract about 0.5% of global oil, at a discount.


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