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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.

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.