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Despite new U.S. sanctions, Russian oil traders say it’s business as usual

MOSCOW (Reuters) – Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.

The new restrictions cut the period that U.S.-based entities can provide finance to Russian energy firms from 90 to 60 days and are part of a fresh package of U.S. sanctions that U.S. President Donald Trump approved on Aug. 2.

Read more at Reuters

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