EU sanctions Georgia's only oil refinery for processing Russian crude

Brussels has imposed sanctions on Georgia's only oil refinery for processing Russian crude, expanding efforts to curb Moscow's energy revenues. The restrictions will take effect after a six-month grace period, giving the company time to adjust.

The refinery, which is the only such facility in Georgia, has announced that it will change its suppliers to comply with EU demands. This move is part of broader EU efforts to reduce Russia's income from oil, a significant source of funding for the Russian budget.