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Regulation Bearish

Australia Targets 'Spliced' Russian Oil Loophole in Major Sanctions Overhaul

Australian lawmakers are moving to outlaw the import of 'spliced' Russian oil, closing a regulatory loophole that allows blended fuel to bypass existing sanctions. The push for 'blood oil' legislation aims to enforce stricter provenance tracking and eliminate the indirect financing of the Russian military through third-party refineries.

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