Bulgaria plans to wean itself from Russian oil by next fall despite being exempt from the EU-wide ban on crude purchases from the sanctioned country, Bloomberg reported on Thursday, citing officials. The Balkan country had been allowed to continue buying seaborne Russian oil for its Neftohim refinery, owned by Russia’s Lukoil, until the end of…

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The energy giant Rosneft’s local subsidiary is currently under a Berlin-appointed trusteeship The nationalization of Rosneft’s assets in Germany would be tantamount to confiscation, a step which would have far-reaching consequences, Kremlin spokesman Dmitry Peskov warned on Thursday.