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“While no figure has been announced for how much the US will pay for the fuel, the deal will provide a much needed cash injection for Russia’s economy as it seeks to continue funding its war in Ukraine.”

“While no figure has been announced for how much the US will pay for the fuel, the deal will provide a much needed cash injection for Russia’s economy as it seeks to continue funding its war in Ukraine.”

“He succeeds former chief executive Jonathan Brearley who stepped down after a six-year tenure, having led the regulator through the Covid-19 pandemic and the energy crisis sparked by Russia’s war in Ukraine.”

“Prices have rocketed in recent months because of the disruption in global markets caused by the US-Israeli conflict with Iran and Russia’s ongoing war in Ukraine.”

“But he warned: “It does not however remove the underlying challenges as a result of the continued withholding of VAT refunds, the war in Ukraine, constraints on logistics and energy infrastructure, and the need to maintain disciplined management of cash and…”