Turkey’s Top Refiner to Buy Only Price Cap-Compliant Russian Oil

Turkey’s largest refiner, Turkiye Petrol Rafinerileri, will halt from February 27 purchases of any oil and products from Russia that do not comply with the G7 price cap, an anonymous source with knowledge of the plans told Bloomberg on Thursday. Turkiye Petrol Rafinerileri, or Tupras, has become the latest customer of Russian oil that is eager to avoid violating the latest U.S. sanctions on Russia’s oil trade and exports. The Biden Administration on January 10 imposed the most severe sanctions on Russia’s oil yet, designating…