Economics
Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions
Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.
INEOS prepares 10 anti-dumping cases to EU commission in unprecedented move
Europe’s chemical sector, the foundation of modern manufacturing, is being drowned by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.
Bulgaria restricts fuel exports to EU following Lukoil sanctions
The ban will not apply to the refueling of domestic and foreign ships, aircraft and deliveries to the armed forces of European Union and NATO member states.
Diesel rally sparked by Western sanctions on Russia will be short-lived
A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely to be severely disrupted for long.
Asia refining margins soar as sanctions threaten Russian supplies
The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.
Berlin seeks to shield Rosneft's German arm from U.S. sanctions
Rosneft's German business is controlled by German authorities but Russian-owned. It is a key supplier, routing and refining oil to petrol pumps and some airports in Europe's biggest economy.
Opinion: Trump’s Russian oil sanctions gambit will test his tolerance for pain
The U.S. designation of the two Russian companies, which follows Britain's decision last week to hit Rosneft and Lukoil with sanctions, cuts them off from the dollar-based financial system.
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