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Italy minister says nationalisation an option for Lukoil refinery

ROME, June 11 (Reuters) - Italy's ecological transition minister on Saturday said nationalisation was among the options for Lukoil's LKOH.MM Italian refinery based in the island of Sicily. In late May, European Union leaders agreed a gradual embargo, with some exemptions, of Russian crude and the ban on seaborne imports could severely impact the re

U.S. bars investors from buying Russian debt, stocks on secondary market

By Daphne Psaledakis and Marc Jones WASHINGTON/LONDON, June 7 (Reuters) - The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets, on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington's sweeping sanctions

Iraq balks at greater Chinese control of its oilfields

* Iraq persuaded Lukoil to halt sale to Sinopec - sources * Baghdad concerned China becoming too dominant - sources * Western firms not happy with terms of Iraqi deals By Sarah McFarlane and Aref Mohammed LONDON/BASRA, May 17 (Reuters) - Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control

Bulgaria to seek exemption from EU oil embargo on Russia if possible, deputy PM says

SOFIA, May 4 (Reuters) - Bulgaria will seek an exemption from the European Union's proposed Russian oil embargo if such opt-outs are allowed, Bulgaria's deputy prime minister said on Wednesday in an interview with financial newspaper Capital. The EU has proposed a phased oil embargo on Russia as part of a new round of sanctions against Moscow for i

Russia swerves to avoid default: what is next?

By Rodrigo Campos and Davide Barbuscia NEW YORK, May 2 (Reuters) - Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market's focus to upcoming payments and whether it would stave off a historic default. Russia's $40 billion in international bonds and the chance of a


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