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… operators with implementation of the scheme, a “double surrender” concession will apply to the 2026 and 2027 reporting years. This means that, while operators must still submit annual emissions reports by 31st…

… cap: The Russian crude oil price cap has been frozen at USD 44.10 per barrel until 15th July, 2027, subject to an interim review.  Ports and refineries: A Georgian refinery (Kulevi Oil…

… Like the EU, the measures include a transitional exemption which permits activity until 1st January, 2027 for contracts with a duration exceeding 1 year and which were concluded before 17th June,…

… use in Russia. For the latter two categories the prohibition will come into force on 1st January, 2027, rather than 25th April, 2026 which applies for the other categories. In addition, from 1st January,…

… to regulated terminals at the Port of Los Angeles or Port of Long Beach, but from 1st January, 2027, this will be expanded to include tanker visits to all regulated terminals). Compliance This means…

… on the purchase, import or transfer, directly or indirectly, of Russian LNG: a) starting in January, 2027 for long-term contracts (i.e. those exceeding 1 year and concluded before 17th June, 2025); and b) from…