Export-Import bank blocks Russian oil loans
The Export-Import Bank halted $500 million in loans to Tyumen Oil Co. amid U S administration pressure led by Madeleine Albright. The move, tied to concerns about Tyumen's ownership and governance, would have funded U S made oil and gas equipment to Russia.
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Clinton caps auto pollution with unified emissions rules
President Clinton announced tougher federal regulations to cut auto pollution by about 75 percent. SUVs will face the same emissions standards as cars, sulfur in fuel will be reduced, boosting air quality. EPA estimates small fuel cost increases and added vehicle prices, yet aligns car and light truck standards.
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