Bulgaria will exempt fuel supplies from the embargo, in view of the country’s economic plight Energy-starved Bulgaria will temporarily cease to enforce EU sanctions on Russian fuel, to ensure the work of government institutions, the state press service reported on Wednesday following a Cabinet meeting.
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Russian coal and oil paid for in yuan is about to start flowing into China, Bloomberg reported on Thursday. According to the media outlet, citing Chinese consultancy Fenwei Energy Information Service, several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month.
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The move could undermine the European financial system, chief executive Lieve Mostrey has claimed A plan by the G7 to use Russia’s frozen assets as a backstop to issue loans for the reconstruction of Ukraine would pose risks to the financial stability of Europe, Lieve Mostrey, CEO of the Brussels-based clearinghouse Euroclear, has warned.
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