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Swiss Lukoil Unit Sues UAE Trader For €47M Crude Oil Debt

By Joel Poultney (May 12, 2022, 6:07 PM BST) -- Lukoil's Swiss arm has sued a UAE-based trader to get €47.4 million ($49 million) after it allegedly reneged on a deal for crude oil, arguing that recent Western sanctions against Russia over its invasion of Ukraine did not justify defaulting on the repayments....

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