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Since 2006, #Lukoil has regularly reported yearly losses, with a few exceptions. No declared profits means no taxes to the state. But the war in #Ukraine complicated things for the #Russian company. An EU #embargo on Russian #oil came into force last December. #Bulgaria was granted an exemption allowing it to import Russian #crude oil but the ban on export remained. Lukoil then announced it would start paying taxes in Bulgaria, but argued that it should be allowed to keep exporting oil products'