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Bulgaria, Croatia and Several Landlocked Nations Exempt from Russian Price Cap

OIL

The US Department of the Treasury will allow Russian oil transactions to Bulgaria, Croatia and several landlocked European nations to be exempt from its upcoming oil price cap plans on Russian oil.

  • "All transactions prohibited by the determination of November 21, 2022 related to the importation of crude oil into the Republic of Bulgaria, the Republic of Croatia, or landlocked European Union Member States as described in Council Regulation (EU) 2022/879 of June 3, 2022, are authorized," it said in a statement yesterday.

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